GE Partners with Hancock Bank to Expand Card Program in Agent Bank Space

Strategic Insights -

GE Money, the consumer lending unit of General Electric Company, has partnered with Hancock Bank to provide a Platinum VISA credit card product to its customers in Mississippi, Louisiana, Florida, and Alabama. The agreement is part of GE Money's strategy to expand its partnerships in the agent bank space, aligning with Hancock Bank's commitment to providing customers with comprehensive financial choices. The new consumer card program, scheduled to launch November 15, features a Platinum VISA card product with rewards points that can be redeemed for merchandise, travel, gift cards, or cash.

Key Takeaways:

  • GE Money has partnered with Hancock Bank to provide a Platinum VISA credit card product to its customers in the Gulf Coast region.
  • The card product features rewards points that can be redeemed for merchandise, travel, gift cards, or cash.
  • The program is part of GE Money's strategy to expand its partnerships in the agent bank space.
  • Hancock Bank's retail customers will have access to the card product through branches, the bank's website, and direct mail.
  • The partnership aims to deliver exceptional rewards offerings and enhance credit card programs for customers.
  • GE Money is committed to working with financial institutions that deliver excellent value and high-quality service to their customers.
  • Hancock Bank has selected GE Money because they share a mission of helping people achieve their financial goals and dreams.

Statistics:

  • GE Money has $163 billion in assets and serves customers in 50 countries around the world.
  • Hancock Bank has assets of $6.26 billion and operates more than 140 banking and financial services offices.
  • The new consumer card program is scheduled to launch November 15.
  • The card product will be available to Hancock Bank's retail customers throughout the Gulf Coast region.
  • Cardholders will earn Net Rewards - one point for every dollar spent.

Sources:

  • Hancock Bank

*.about.hancockbank.com (no date)

  • ABOUT GE MONEY: bit.ly/3t5es7k (no date)
  • GE MONEY: bit.ly/3LQVf6T (no date)
  • GE (NYSE: GE)

*.about.ge.com (no date)