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TD Bank Announces Multi-Year Extension of Credit Card Partnership with Nordstrom

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TD Bank has announced a multi-year extension of its credit card program with Nordstrom, continuing its role as the exclusive issuer of Nordstrom's U.S. Visa and private label credit cards. The partnership, which began in 2015, demonstrates a strong collaboration aimed at enhancing customer engagement and delivering elevated shopping experiences. Both companies emphasize their commitment to innovation and meeting evolving customer needs through rewards and exclusive perks.

Positive
  • Multi-year extension of credit card program with Nordstrom reinforces business relationship.
  • Continued exclusive issuance of Nordstrom's U.S. Visa and private label credit cards enhances market presence.
  • Commitment to customer engagement and rewards supports strong brand loyalty.
Negative
  • None.

CHERRY HILL, N.J., Nov. 23, 2022 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, today announced the extension of its credit card program agreement with Nordstrom, Inc. (NYSE: JWN). TD will continue providing exceptional card products and experiences to Nordstrom customers as the exclusive issuer of Nordstrom's U.S. Visa and private label consumer credit cards.

"Our teams have built an outstanding working relationship over the past seven years," said David Swift, Head of Credit Card Partnership Programs at TD Bank. "We partner with Nordstrom at every level, collaborating closely with leadership while providing tailored support for store teams. We have navigated an unprecedented retail environment together, and we are excited to continue our work driving strong customer engagement."

"Through the Nordstrom card program, we deliver the elevated experiences that our customers have come to expect," said Dennis Bauer, President of Payments and Credit at Nordstrom. "Our cardholders enjoy more rewards, exclusive perks and early access to our highly anticipated Anniversary Sale. TD shares our dedication to meeting customers' evolving needs, and we value their partnership as we continually innovate our offerings and enhance our capabilities."

TD first acquired Nordstrom's credit card portfolio in 2015.

About TD Bank, America's Most Convenient Bank® 

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.  

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com/us.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/td-bank-announces-multi-year-extension-of-credit-card-partnership-with-nordstrom-301685719.html

SOURCE TD Bank

FAQ

What is the significance of TD Bank's credit card partnership extension with Nordstrom?

The extension signifies TD Bank's ongoing collaboration and commitment to providing exclusive credit card services to Nordstrom customers.

When was the partnership between TD Bank and Nordstrom established?

The partnership was first established in 2015 when TD Bank acquired Nordstrom's credit card portfolio.

What benefits do Nordstrom cardholders receive from TD Bank?

Nordstrom cardholders enjoy more rewards, exclusive perks, and early access to special sales events.

How does TD Bank plan to enhance customer experience through this partnership?

TD Bank aims to drive customer engagement by innovating their credit card offerings and providing tailored support.

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