What is a co-branded credit card?

A co-branded credit card is a type of credit card that is issued in collaboration with two separate companies. These cards typically offer incentives to encourage customers to use them. The two companies may be a bank, such as Chase, and a business, such as Amazon. The incentives may be cash back, reward points, or discounts on products from the partnered business. Some co-branded cards also come with additional perks, such as travel insurance or purchase protection. Co-branded cards are subject to the same regulations as other credit cards in the state of Florida. This includes the Credit CARD Act of 2009, which provides consumers with protection from unfair or deceptive practices by card issuers. This law limits the amount of fees and interest rates that card issuers can charge, and also requires that customers are notified at least 45 days in advance if a rate change is going to occur. Co-branded credit cards can be a great way to save money on purchases from their partnered business, as well as provide cardholders with access to additional perks. It is important to read the Terms and Conditions of the card to ensure that the fees and interest rates are reasonable, and that the consumer is aware of all their rights and responsibilities under the Credit CARD Act of 2009.

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What is a co-branded credit card?

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