SAN DIEGO, April 27, 2021 /PRNewswire/ -- Petco Health
and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in
pet health and wellness, today announced the launch of Petco Pay,
an innovative credit card program in partnership with Alliance Data
Systems Corporation's (NYSE: ADS) Card Services business, a
provider of market-leading payment products and digital solutions,
including Bread® and Comenity-branded financial services, and
Mastercard (NYSE: MA), a global technology company in the payments
industry. As the credit card for pet lovers, Petco Pay, issued by
Alliance Data, includes the Petco Pay Mastercard, a co-branded
credit card, and the Petco Pay Credit Card, a private label credit
card. In addition to many perks, with every purchase made using
Petco Pay credit cards, Petco will make a donation to Petco Love
(formerly the Petco Foundation), an independent nonprofit
organization, to support life-saving initiatives for pets in need.
Petco has pledged to donate up to $1
million annually in total to the lifesaving initiatives of
Petco Love under the program.
"Petco's mission is to improve the lives of pets and pet
parents, and we're leading the way in the credit card space with
Petco Pay," said Tariq Hassan, Petco
Chief Marketing Officer. "This groundbreaking credit card program
not only provides great benefits to cardmembers but also gives them
the gratification of having a portion of every dollar they spend go
toward helping animals in need."
The Petco Pay Mastercard and Petco Pay Credit Card are available
exclusively to Pals Rewards™ members. The credit cards have a wide
array of benefits, including 20% off the first Petco Pay purchase
and 8% back at Petco. The Petco Pay Mastercard has additional
earning opportunities such as 2% back on grocery store purchases,
1% back wherever Mastercard is accepted and a $25 Pals Reward for spending $500 outside of Petco within the first 90 days of
approval. The Petco Pay Mastercard also allows cardholders to
experience quick, easy and secure checkout in-store with a
contactless payment option.
All Petco Pay cardmembers can enjoy other perks such as the
option to personalize the cards with their pet's picture, a
surprise birthday gift for the pet parent and extended Pals Rewards
and points balance. The cards have no annual fee and offer special
financing options.
Alliance Data will also provide Petco with robust marketing and
credit application features designed to increase customer awareness
and adoption of payment options by promoting credit earlier in the
shopping experience through its Enhanced Digital Suite. Further,
security features not normally found on private label cards, such
as expiration date and CVV, are included with the Petco Pay Private
Label card.
"For more than half a century, Petco has blazed new trails in
serving pets and the people who love them," said Val Greer, Alliance Data Card Services EVP and
chief commercial officer. "Now, with our private label and co-brand
credit card programs for the pet health and wellness industry,
Petco is providing pet owners another compelling offer that
addresses their payment needs, while also driving customer loyalty
and sales. We are delighted to be partnering with Petco on their
ongoing journey to support pet and pet parent health, wellness and
happiness."
Pals Rewards members can apply for the Petco Pay Mastercard and
Petco Pay Credit Card online at petco.com and in person at select
Petco Pet Care Centers beginning
today. The credit cards reward customers for their continued
loyalty to Petco, allowing them to use their rewards for essentials
for their four-legged friends, while helping to save pet lives with
every purchase.
"Consumers today are seeking out financial experiences that meet
their individual preferences and interests, and we're committed to
meeting those needs," said Kush
Saxena, executive vice president, U.S. Merchants &
Acceptance at Mastercard. "We look forward to working with Petco
and Alliance Data to provide relevant and compelling card products
and benefits to Petco customers both in-store and where they choose
to shop."
Petco Pay is the latest addition to Petco's full suite of
membership program offerings, including Pals Rewards, Vital Care and Petco Insurance. The Pals Rewards
loyalty program unlocks a variety of exclusive products and
services, members-only resources and the opportunity to turn points
into dollars for pet health and wellness essentials. Vital Care is a membership program providing
benefits for a range of services including checkups, vaccinations,
grooming services and merchandise discounts, and Petco Insurance
provides accident and illness coverage for dogs and cats.
For more information about Petco Pay, visit petco.com.
Please refer to the terms and conditions of the card
programs for full information, including details on Petco Love
donations. Some exclusions apply.
About Petco, The Health + Wellness Co.
Petco is a category-defining health and wellness company focused on
improving the lives of pets, pet parents and our own Petco
partners. Since our founding in 1965, we've been trailblazing new
standards in pet care, delivering comprehensive wellness solutions
through our products and services, and creating communities that
deepen the pet-pet parent bond. We operate more than 1,500 Petco
locations across the U.S., Mexico and Puerto Rico,
including a growing network of more than 100 in-store veterinary
hospitals, and offer a complete online resource for pet health and
wellness at petco.com and on the Petco app. In
tandem with Petco Love (formerly the Petco Foundation),
an independent nonprofit organization, we work with and support
thousands of local animal welfare groups across the country and,
through in-store adoption events, we've helped find homes for more
than 6.5 million animals.
About Alliance Data Systems Corporation
Alliance
Data ® (NYSE: ADS) is a leading provider of
data-driven marketing, loyalty and payment solutions serving large,
consumer-based industries. The Company creates and deploys
customized solutions that measurably change consumer behavior while
driving business growth and profitability for some of today's most
recognizable brands. Alliance Data helps its partners create and
increase customer loyalty across multiple touch points using
traditional, digital, mobile and emerging technologies. A FORTUNE
500 and S&P MidCap 400 company headquartered in Columbus, Ohio, Alliance Data consists of
businesses that together employ nearly 8,000 associates at 45
locations worldwide.
Alliance Data's Card Services business is a comprehensive
provider of market-leading private label, co-brand, general purpose
and business credit card programs, digital payments,
including Bread®, and Comenity-branded financial
services. LoyaltyOne® owns and operates
the AIR MILES® Reward
Program, Canada's most recognized loyalty program,
and Netherlands-based BrandLoyalty, a global provider of
tailor-made loyalty programs for grocers. More information
about Alliance Data can be found at www.AllianceData.com.
Follow Alliance Data on Twitter,
Facebook, LinkedIn, Instagram and YouTube.
Contact:
For Petco: Yvonne.Tarrab@petco.com
For Alliance Data: Shelley
Whiddon, shelley.whiddon@alliancedata.com
For Mastercard: Sarah.Ely@mastercard.com
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SOURCE Petco Health and Wellness Company, Inc.