GE Capital Retail Bank Extends Credit Card Program with jcpenney

  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

Business Wire

STAMFORD, Conn. -- February 13, 2013

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).

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.comandtwitter.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, visitwww.gecapital.comor 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 atwww.ge.com

Contact:

GE Capital Retail Bank
Dori Abel, 203-585-6702
media.relations@ge.com
 
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