Giant credit cards switching banks

Maryland Watch

February 07, 1997

Consumers who have Giant-branded Visa credit cards must apply for new cards this month to continue receiving rebates when they purchase items at Giant Food Inc.

The grocery store chain said it has reached an agreement with Chevy Chase Bank to offer new Visa credit cards to customers, replacing the M&T Bank of Buffalo's cards.

M&T said last fall it was pulling out of its contract with Giant. Giant sued M&T to stop it from dropping the card in December. At a court hearing, M&T agreed to continue offering the rebates until Chevy Chase takes over.

Chevy Chase will offer cardholders the same 3 percent rebates on purchases made at Giant and 1 percent on purchases made elsewhere.

Current cardholders will receive an application in the mail to apply for the credit card from Chevy Chase Bank.

Customers using their current Giant credit cards will continue to earn rebates until March 28, and rebate certificates already issued will be honored if they are redeemed before the expiration date on the certificates.

Pub Date: 2/07/97

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