I am working on a small dealership for "power sports" units.
How can we go about getting a white-label credit card?
The power sports units are motorcycles, ATVs, side-by-sides, PWC (personal water crafts), etc.
Citibank has a "Citi Retail Serives" page (link here).
Yet I am having a hard time reaching them.
Anybody got experience with this? Any other financial institutions you might think of that would do such a service?
The process is: customer walks into the dealership (power sports), and the sales people fill his credit application.
The bank then comes back with the total amount approved (say a $15,000 motorcycle, the bank approves a credit card for $11,000).
The customer then gets $4,000, and finances the rest.
Dealership gets paid, and customer makes his monthly payments to the credit card itself.
I believe Citibank does this credit card for a couple of major retailers (Home Depot, Macy's, etc).
Any help on acquiring this for my dealership?
Thank you very much!
How can we go about getting a white-label credit card?
The power sports units are motorcycles, ATVs, side-by-sides, PWC (personal water crafts), etc.
Citibank has a "Citi Retail Serives" page (link here).
Yet I am having a hard time reaching them.
Anybody got experience with this? Any other financial institutions you might think of that would do such a service?
The process is: customer walks into the dealership (power sports), and the sales people fill his credit application.
The bank then comes back with the total amount approved (say a $15,000 motorcycle, the bank approves a credit card for $11,000).
The customer then gets $4,000, and finances the rest.
Dealership gets paid, and customer makes his monthly payments to the credit card itself.
I believe Citibank does this credit card for a couple of major retailers (Home Depot, Macy's, etc).
Any help on acquiring this for my dealership?
Thank you very much!
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