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Cat Financial Commercial Card Transitioning to Citibank in August

July 31, 2018, 07:00 AM
Filed Under: Finance News

Cat Financial, a wholly owned subsidiary of Caterpillar Inc., is bringing its customers the Cat Card Program offered by Citibank, N.A.

The new Cat Card Program will offer both commercial and consumer financing options to give customers the flexibility to finance parts, servicing and rental needs at participating Cat dealers in North America.

With the new program, customers can continue to use their commercial account at any participating Cat dealer in the U.S. or Canada, just like today. Although Cat Financial branded, Citibank N.A. will be the owner of the accounts, including all existing balances held by current Commercial Account customers.

On Aug. 27, all existing Cat Financial commercial accounts will be purchased by Citibank. Until then, existing commercial account holders can continue to manage their accounts via MyCatFinancial as normal.

Existing Commercial Account customers will receive a physical Cat Commercial Card with a new account number soon after the accounts are purchased on Aug. 27. On Aug. 13, Citibank will begin accepting new Cat Card Program customers.

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