GE Capital Retail Bank has reached a long-term agreement with Wal-Mart Stores' (WMT) Sam’s Club to continue providing the credit card program to the Sam's Club's Advantage and Business members.
GE Capital, the consumer lending unit of General Electric (GE), will continue to manage the Sam’s Club relationship and service the account, GE Capital said Thursday.
The financing program is available at more than 600 Sam's Club's locations and can be used at Wal-Mart stores, online for Sam’s Club purchases and where Discover is accepted.
GE Capital began providing a net term credit program for Business members of Sam’s Club in 1993. It added revolving credit programs in 1995 and currently offers Sam’s Club members private-label and Discover credit cards.
