Citi and Office Depot announced a multi-year renewal of their long-standing U.S. private label credit card partnership on Thursday.
"For more than two decades, Citi has provided financing for Office Depot business and personal accounts," Craig Vallorano, the executive vice president for partnership management at Citi Retail Partner Cards, said. "We look forward to providing Office Depot customers with quick and efficient credit processing and flexible payment options for years to come."
Citi Retail Partner Cards provides consumer and commercial credit card products and services, including private label credit cards, for national and regional retailers across the U.S., including the Home Depot, Shell, Macy's, Sears and ExxonMobil.
"The Office Depot Business Credit Card and the Office Depot Personal Credit Card both provide our customers with the increased spending power they need in these economic times," George Hill, senior vice president of store operations for Office Depot, said. "Together with Citi, Office Depot is providing a smart solution for small business customers to access funds they need to run and grow their business."
Retail Partner Cards services more than 40 million customers and consists of managed assets of approximately $50 billion.
Office Depot has annual sales of approximately $11.6 billion.