What is a co-branded credit card?

A co-branded credit card is a type of credit card issued in partnership between a financial institution and a retail business or other organization. It is a type of branded card, which means that it has the logo of both the financial institution and the retail business or organization on it. In the state of Washington, co-branded credit cards are officially regulated by the Consumer Financial Protection Bureau (CFPB) as well as the Fair Credit Billing Act (FCBA). Under the FCBA, card issuers must provide consumers with accurate and understandable information about the terms and conditions of the card before they sign up. The main benefit of having a co-branded credit card is the rewards. Cardholders typically get rewards for every purchase that they make. These rewards can often be redeemed for free products or services from the partner organization. Additionally, cardholders may be able to take advantage of exclusive discounts or other promotional offers. In Washington, the credit card laws and regulations are similar to those found across the nation. Generally, as long as the credit card issuer and the partner organization follow the rules and regulations set by the CFPB and FCBA, they can offer their co-branded card to residents of the state.

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What is a co-branded credit card?

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