>>
Home / Knowledge / News / Fashion / Edgars 'no fee' Mastercard credit card through Standard Bank

Edgars 'no fee' Mastercard credit card through Standard Bank

06
Sep '05
Johannesburg based retailing company Edgars Consolidated Stores Limited (Edcon) has teamed up with Standard Bank to offer qualifying Edcon store-card clients a MasterCard, the first credit card available in South Africa to carry no annual fee.

Leading fashion and textile retailing group The Edcon-Standard Bank partnership will provide a credit card to Edcon's customers with a proven credit track record and who therefore represent a low credit risk. Edcon currently has over 3,8 million store-card customers, 86% of whom are current and able-to-buy.

"They are pleased to be able to extend the service offering to the customers with a strong record of managing their finances, but who currently have not obtained a credit card through normal banking channels," stated Ian Wood, Financial Services Executive for Edcon.

"The research shows that of the existing Edcon account holders, approximately 68% do not currently own a bank credit card. Many of these people mistakenly believe they would not qualify."

Wood explained that the new Edcon-Standard Bank card offering is targeting this untapped market without over-extending individuals.

Barry Fergus, a Divisional Managing Director of Credit Cards at Standard Bank, said the Edcon customer base was extremely attractive to Standard Bank.

"They will be able to apply the world class value management model which looks beyond just risk minimisation to focus more broadly on achieving a balance between short term returns and long term value.


Must ReadView All

Pic: Shutterstock

Textiles | On 21st Jan 2022

UK CMA to commence compliance review of sustainability claims

To help businesses understand how to communicate their green...

Pic: Dreamstime.com

Apparel/Garments | On 21st Jan 2022

Bangladeshi garment, accessory makers form joint panel to boost export

The Bangladesh Garment Manufacturers and Exporters Association, the...

Pic: Shutterstock

Textiles | On 21st Jan 2022

China to optimise energy production, supply, storage, sales

As the global energy market faces complicated situations, China’s top ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

John Varvatos
Splash
C;&A Sourcing International Ltd
Benetton Group
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
The Top Form Brassiere Manufacturing Company Limited
NITI Aayog
Reiter India Private Limited
Rosset ;& Cia Limited
MAS Active / MAS Kreeda / MAS Bodyline
Page Industries Limited (Bangalore)
THE BOMBAY DYEING ;& MFG.CO. LTD
Aramark Uniform ;& Career Apparel, LLC
Lacoste (Wanchai)
Esprit Europe Services GmbH
Calvin Klein
Walmart
Boardriders Asia Sourcing Limited
Desigual - ABASIC, S.A.
Brandix Lanka Limited
Sportswear Company Spa
Rayonese Textile Inc., Division de Culp Inc.
TESCO INTERNATIONAL SOURCING LIMITED
PVH Corporation
Lululemon Athletica Inc
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Etam Group Strategy Hong Kong Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Green Fibre
Gap International Sourcing Limited
Alix Partners
IKEA of Sweden AB
Grasim Industries Limited
Eastman Chemical Company
KIABI
BIANCA
Arvind Limited
Aquarelle Clothing Limited
SHAHI Exports Pvt Ltd
Tchibo GmbH
Vianney Textil Hogar S.A. De C.V.
Target Corporation (MN)
Sateri (Jiujiang) Fiber Co.,Ltd
Decathlon
Tommy Hilfiger
Permoda(Koaj/Armi/Pronto/Bkul)
Helly Hansen Far East Ltd
Recron Polyester from Reliance Industries Limited
Hirdaramani International Export Private Limited
Guess Europe Sagl,
Asos
Hela Clothing Pvt Ltd
Restoque S.A.
Bluestem Global Sourcing Limited
G-Star Raw C.V.
Midas Clothing Limited
Phong Phu international JSC (PPJ)
Sainsbury's Argos Asia Limited
Sportmaster Ltd.
SYNERGIES HONG KONG LIMITED
Abit
Truetzschler India Private Limited
Puma
Cat Tuong Real Estate Group Joint Stock Company
Landmark Group
Maceton Limited
Babyshop
Lisa S.P.A.
The LYCRA Company Singapore  Pte. Ltd
International Textile Manufacturers Federation
KAS Direct Sourcing
IDH – The Sustainable Trade Initiative
T.T. Limited
Amazon China
Varner AS Retail
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Tory Burch Hong Kong Ltd
Gatsby Africa
Gloria Jeans
Vardhman Textile Ltd
Chico’ FAS
Lenzing Aktiengesellschaft
J ;& P Coats
Alison Hayes Romania
OVS Hong Kong Sourcing Ltd.
Huntsman (Singapore) Pte Ltd
BIMBA ;& LOLA SL
Groz-Beckert East Asia LLP
Seasalt Limited
Under Armour Global Sourcing Ltd

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search