Chase Purchases Kohl's Credit Card Accounts
by Peter Andrew
Chase
Purchases Kohl's Credit Card Accounts
Department store chain Kohl's has entered into an agreement
with Chase in which all 13-plus million Kohl's credit card accounts
would be purchased by Chase. The outstanding balances on those
accounts is estimated at $1.5 billion.
Chase
will be the new issuer of all Kohl's private label credit cards
going forward. (Kohl's issued cards directly in the past.) Kohl's
will continue to manage all customer service, advertising and
marketing functions for the cards.
Published 03/06/06 (Modified 05/07/12)
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