What is a co-branded credit card?

A co-branded credit card is a type of credit card issued by a financial institution and supported by two entities, such as a bank and a company. The card functions and looks like a typical credit card, but is uniquely identified by the logos of both the financial institution and the company. Co-branded credit cards also have agreements between the two entities concerning the benefits a customer may receive. An example of a co-branded card is a credit card that is co-branded with a grocery store. Customers may receive discounts and rewards points that can be used at the grocery store when they use the credit card. In Maryland, credit card law is regulated by the Comptroller of Maryland, who is responsible for enforcing the state’s consumer protection laws. This includes making sure that co-branded credit cards are adequately explained to the consumer prior to purchase, that the terms and conditions of use are clear, and that customers are given the opportunity to dispute or cancel any charges they don’t recognize on the account. Consumers should always investigate any offer or agreement before signing up for a co-branded credit card.

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What is a co-branded credit card?

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