TD Launches Furniture Retail Credit Card Program

July 21, 2010  by in UnCategorized   

By Home Furnishings Business in Customer Service on July 22, 2010

TD Retail Card Services has introduced the Renovate Credit Card program for independent retailers of furniture, flooring and other home furnishings decor.

Created specifically for the U.S. and Canadian home furnishings sector, the Renovate Card is a revolving private label consumer credit card that can be used for purchases of products or services at any merchant participating in the program. Merchants opening the individual consumer's account can have their store's name embossed on the card.

"Through economies of scale, the Renovate Card delivers many of the important advantages of a private label credit card to independent home furnishings retailers with single or multiple locations who may not generate the sales volume to justify a private label program of their own," said Marc Sczesnak, president of TD Retail Card Services, Mahwah, N.J.

More specifically, the Renovate Card program provides independent retailers with the ability to: increase sales and long-term loyalty by giving customers the purchasing power to buy now and in the future; drive traffic year-round with a wide range of special promotional offers and flexible financing options; offer instant credit, with easy-to-complete in-store applications processed in minutes; process transactions instantly using TD Retail Card Services' secure online Web services; receive fast funding on completed transactions; get quick assistance from TD Retail Card Services representatives during standard retail operating hours; and market to their best customers through statement-stuffers or special direct mailings.

Retailers in the program can offer their customers a variety of special financing options, including six no-interest programs, as well as low-APR programs.

The program will be promoted to customers through in-store signage and collateral materials provided by TD Retail Card Services.