GE Capital Retail Bank Extends Credit Card Program with jcpenney

Multi-year extension of program that began in 1999, providing credit, convenience, security and value to millions of consumers in communities throughout the United States

STAMFORD, Conn.--(BUSINESS WIRE)--GE Capital Retail Bank, a consumer lending unit of General Electric Company (NYSE:GE), today announced a multi-year year renewal of its private label credit card program with leading national retailer J. C. Penney Company, Inc. (NYSE:JCP).

“We are pleased to continue providing the card program to jcp customers and excited to extend what has been a very successful 13-year relationship. We look forward to working with the entire jcp team, helping to build their business and serving millions of customers across America”

The jcp consumer card program provides credit to millions of consumers who shop at more than 1,100 jcpenney stores in communities across the United States and Puerto Rico, as well as online at jcp.com. The program provides cardholders with added value, convenience and security including:

• New cardholders receive 20% off (10% off fine jewelry, watches and home) their first day of purchasing
• jcp cardholders can earn up to ten $10 jcp rewards certificates, each month
• Exclusive savings and financing offers
• Online access to account information and payment options
• Ability to make payment on account in any jcpenney store and online for no charge
• Fraud protection with zero fraud liability for unauthorized use

“We are pleased to continue providing the card program to jcp customers and excited to extend what has been a very successful 13-year relationship. We look forward to working with the entire jcp team, helping to build their business and serving millions of customers across America,” said Margaret Keane, CEO of GE Capital Retail Bank.

About GE Capital's Retail Finance business

GE Capital’s Retail Finance business is among the country’s most successful retail lenders, with 80 years of experience in consumer financing. The business, with its lending entity GE Capital Retail Bank, provides customized credit programs to retailers and consumers in the United States and Canada that help drive sales. This includes private label and bankcard credit programs to major national, regional and independent retailers in the U.S., as well as private label credit programs, promotional and installment lending, bankcards and financial services for consumers through dealers; contractors; manufacturers; healthcare practices; and service providers across nearly 20 industries. We are not just bankers; we help clients build better businesses. More information can be found at www.gogecapital.com and twitter.com/GoGECapital.

GE Capital is one of the world’s largest providers of credit. For over one million businesses, large and small, GE Capital provides financing to purchase, lease and distribute equipment, as well as capital for real estate and corporate acquisitions, refinancings and restructurings. For our 100+ million consumer customers, GE Capital offers credit cards, sales finance programs, home, car and personal loans and credit insurance. For more information, visit www.gecapital.com or follow company news via Twitter @GECapital.

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com