Petco launches credit cards with a charity component
Petco announced the launch of Petco Pay, a credit card program in partnership with Alliance Data and Mastercard. 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, 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 .
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.
“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. 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.” – Tariq Hassan, Petco Chief Marketing Officer.
“For more than half a century, Petco has blazed new trails in serving pets and the people who love them. 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.” – Val Greer, EVP and chief commercial officer at Alliance Data .
“Consumers today are seeking out financial experiences that meet their individual preferences and interests, and we’re committed to meeting those needs. 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.” – Kush Saxena, executive vice president, U.S. Merchants & Acceptance at Mastercard.
