Business
Ollie’s Partners with Sunbit to Offer a New Co-Branded Visa Credit Card
~ Credit Card Program to Provide Rewards and Benefits for Purchases Made at Ollie’s and Wherever Visa is Accepted ~ HARRISBURG, Pa., July 23, 2024 (GLOBE
About this update from Ollie's Bargain Outlet Holdings, Inc.
[{"type":"text","content":"~ Credit Card Program to Provide Rewards and Benefits for Purchases Made at Ollie’s and Wherever Visa is Accepted ~\nHARRISBURG, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced that it has partnered with Sunbit, a leading financial technology company, to launch a co-branded Visa® credit card. “We are excited to launch our first-ever credit card to our customers. Our card makes it easier for customers to shop with us, earn even more rewards, and receive exclusive benefits,” said Eric van der Valk, President of Ollie’s. “This program builds on our industry leading Ollie’s Army loyalty program, offering greater flexibility to our customers and enhancing loyalty with our members.” Ollie’s cardholders earn points for purchases at Ollie’s and everywhere else Visa® is accepted and receive access to exclusive offers and events. Key features of the Ollie’s Credit Card include: $10 statement credit for signing up for the card.Automatic enrollment into Ollie’s Army Loyalty program for non-membersOne additional Ollie’s Army point for every $2 spent at Ollie’sOne Ollie’s Army point for every $2 spent everywhere else Visa is accepted “Sunbit is committed to building products that make access to credit more equitable, transparent, and customer-focused, and we partnered with Ollie’s because of their true commitment to their customers,” said Arad Levertov, CEO of Sunbit. “Ollie’s customers will benefit from access to a co-branded card that is a magnitude better than anything like it, enhancing the shopping experience and fostering brand loyalty.” Among the fastest-growing companies in America year over year, Sunbit’s products have empowered millions of loan customers to pay for life’s expenses without fees and are offered by tens of thousands of merchants across the United States. Ollie’s chose Sunbit’s credit card platform for its: Customer-centric approach: Customers are never charged fees, and the card features industry-high approval rates — making it the perfect match for Ollie’s customer needs.Brand Loyalty: The credit card helps increase Ollie’s brand presence in customers’ wallets, fostering long-term loyalty. Ollie’s loyalty program members earn additional points whenever they use their Ollie’s card anywhere.Innovative Approval Technology: Sunbit’s cutting-edge t...