NHFA Announces Private Label Credit Card Program Savings

Furniture World Magazine

The National Home Furnishings Association (NHFA) announced lower discount rates for their members on their private label credit card sales. Effective June 1, the basic rates for six- and twelve-month plans have been lowered 50 basis points by Citi Retail Services. This program enhancement will help retailers improve their bottom line while they offer attractive credit options to consumers. “This is one of the best credit programs available in the industry and it just got better,” says Doug Kays, NHFA president. “It’s just one of the ways NHFA helps retailers improve their business.” In addition to this new lower pricing, most NHFA members will continue to receive a quarterly rebate check based on their total private label credit volume with Citi Retail Services. NHFA members currently participating in the program will receive information directly from Citi Retail Services about the new reduced rates. Designed to meet the needs of all retailers regardless of size, Citi Retail Services’ private label credit program for NHFA members offers free equipment, no startup fees, instant credit and fast credit decisions, marketing support, and quarterly special promotions. The program has been offered exclusively to NHFA members since September 1998. Citi Retail Services, a member of Citigroup, Inc., and its staff of client managers partner with retailers to help them become more competitive and profitable. From application to billing and collections, Citi Retail Services offers turnkey services that help retailers manage their private label credit card programs. Its clients include national and regional dealers in furniture, mattresses and bedding, carpets and flooring, heating and air conditioning, appliances and consumer electronics. For complete information about this program,contact Scott Friss, Citi Retail Services’ new client manager for the NHFA program at (440) 937-0606 or contact Jerry Alderman, NHFA senior director of membership and member services at (336) 801-6154. National Home Furnishings Association (NHFA) is the nation’s largest organization devoted specifically to the needs and interests of home furnishings retailers. Headquartered in High Point, N.C., its membership includes more than 2,750 business organizations representing 10,000 stores with locations in all 50 states and across the world. NHFA is dedicated to helping home furnishings retailers operate highly profitable businesses while providing an exceptional level of service to consumers. For more information, please call( 800) 888-9590 or visit www.nhfa.org.