Citi Retail Services Signs Agreement with Caterpillar Financial to Provide Commercial and Consumer Card Services

Citi Retail Services today announced a long-term agreement with Caterpillar Financial Services Corporation (Cat Financial) to provide a private label credit card program in the United States and Canada. Cat Financial will jointly manage the overall program and continue to provide guidance on the product offerings while transitioning the origination and portfolio management responsibilities to Citi.

“Our partnership with Citi on the Cat Card Program brings substantial opportunity to both the Caterpillar enterprise and our customers,” said Dave Walton, President, Caterpillar Financial Services Corporation. “Building on the success of the existing Commercial Account product over the last 10 years, Citi brings the scale to grow the product through their established infrastructure and technological capabilities already in place, including service centers for both customer and dealer support, automated online credit approvals, and broad marketing and analytics capabilities.”

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