The TJX Companies and Capital One Launch Visa Marketing Partnership; Cardholders Earn Rewards on All Purchases for Use at TJX Companies Stores
The TJX Visa cardholders will receive low interest rates and a great rewards program in addition to the extended buying power Visa offers worldwide. When cardholders use the TJX Visa for purchases at any T.J. Maxx, Marshalls, HomeGoods or A.J. Wright store, they will earn 5% rewards, and for all other purchases, cardholders will earn 1% rewards. Rewards are issued to cardholders as they are earned in $10 increments and are redeemable at any of TJX's 1,400 stores across the United States.
"We are very pleased with our partnership with Capital One," said Ted English, President and CEO of The TJX Companies, Inc. "Our contract with our customers is to offer great value. The TJX Visa card is another vehicle to reward our loyal customers by providing even more value each time they use the card."
"Both Capital One and TJX are known for their innovative, value-added products," said Tom Houston, Head of Business Development for Partnership Finance, Capital One. "The TJX Visa card, which features low introductory interest rates on all purchases and balance transfers, in addition to a valuable rewards program, is a great option for consumers who want a credit card that also provides value -- just like the everyday savings at TJX Companies stores."
Consumers can apply for the TJX Visa via: * T.J. Maxx, Marshalls, HomeGoods and A.J. Wright stores in the United States * Phone at 1-877-588-8TJX * Online starting in March 2002 at http://www.tjmaxx.com , http://www.marshallsonline.com and http://www.tjx.com * Invitation from Capital One (check the mailbox!)Headquartered in Falls Church, Virginia, Capital One Financial Corporation (http://www.capitalone.com ) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One's subsidiaries collectively had 43.8 million customers and $45.3 billion in managed loans outstanding as of December 31, 2001. Capital One, a Fortune 500 company, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 688 T.J. Maxx, 582 Marshalls, 112 HomeGoods and 45 A.J. Wright stores in the United States. In Canada, the Company operates 131 Winners and 7 HomeSense stores, and in Europe, 101 T.K. Maxx stores. TJX's press releases and financial information are also available on the Internet at http://www.tjx.com .
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CONTACT: Sherry Lang of The TJX Companies, +1-508-390-2323, or Sandi Abadinsky of Capital One, +1-703-205-1063 URL: http://www.capitalone.com http://www.prnewswire.com
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