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Best Buy Co., Inc. Message Board

  • sharpeyeddude sharpeyeddude Sep 9, 2013 5:21 PM Flag

    Capitol One dumps BBY private-label credit card program

    The second is a longer-term change in the economics of our private-label credit card program that is being sold by Capital One to Citibank in the third quarter of fiscal 2014. This impact is due to the expiration of our previous agreement with Capital One, which offered Best Buy substantially better financial terms than what is commercially available in the market today due to changes in both the regulatory environment and general consumer credit market overall.

 
BBY
24.47-0.53(-2.12%)Apr 16 4:01 PMEDT

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