BOWIE, Md. (June 17, 2004) — The Tire Industry Association (TIA) has extended its 20-year credit partnership with GE Retail Sales Finance, which means TIA members can continue to offer financing through the CarCareONE credit card network.
The extension is for five years, TIA said. The private label credit partnership was launched in 1984. The CarCareONE program provides extended financing terms from 30 days to one year, emergency roadside assistance for one year and electronic processing. Cardholders also can use the card for gasoline purchases at Exxon and Mobil stations. TIA said the program helps its members save on transaction costs.
“Over the past 20 years together, we have grown the CarCareONE network to more than 11,000 dealers, 1.3 million cardholders and over 60 affiliate association and manufacturer programs,” said Glenn Marino, president and general manager of GE Retail Sales Finance, a unit of GE Consumer Finance.
TIA said the credit program has been one of its most popular member benefits.