If a bank ties up with a retail vendor and then both of them sponsor a credit card, then such card would be known as __:
If a bank ties up with a retail vendor and then both of them sponsor a credit card, then such card would be known as __:
[A]Retail Credit Card
[B]Vendor Card
[C]Co-branded Card
[D]Cash back Card
Co-branded Card
It is a special type of credit card which is sponsored by both the credit card issuing company and the participating retail company or vendor. Co-branded credit card carries special deals and savings from the participating merchants.