Woolworths and CBA dissolve credit card alliance

Woolworths may seek to issue a co-branded credit card with another bank after negotiating an early end to an exclusive agreement with Commonwealth Bank. Commonwealth Bank markets credit cards under the Woolworths Ezy Banking brand at present, under an agreement reached in 1999. Ezy Banking has 480,000 debit card accounts and 130,000 credit card customers. Woolworths may become only the second non-bank to secure a credit card licence following GE MoneySwitch.

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