Credit card: Migros follows suit
Migros is now launching its own credit card—shortly after Coop's announcement. The annual fee for the M-Budget credit card is 4.40 francs.
Migros is now also launching its own credit card - shortly after Coop's announcement. The retail giant has been looking for a solution that offers the best value for money since last fall, according to a press release. On Thursday, the Migros Retail Trade Committee (ADHM) decided to launch an M-Budget MasterCard.
The annual fee for the M-Budget credit card is CHF 4.40. The card is a MasterCard and can therefore be used worldwide. Cumulus points can also be collected with every transaction: For purchases within Migros, the customer receives one Cumulus point per franc spent as before; for all other transactions outside Migros, the customer receives one Cumulus point for every two francs spent.
Migros has secured GE Money Bank, the Swiss branch of the world's leading financial services group GE (General Electric), as a partner. According to the press release, GE guarantees the highest standards of security and customer service for credit card holders. The credit card will be launched this fall.
Coop is also launching its own credit card with an annual fee of CHF 9.90.
The annual fee for the M-Budget credit card is CHF 4.40. The card is a MasterCard and can therefore be used worldwide. Cumulus points can also be collected with every transaction: For purchases within Migros, the customer receives one Cumulus point per franc spent as before; for all other transactions outside Migros, the customer receives one Cumulus point for every two francs spent.
Migros has secured GE Money Bank, the Swiss branch of the world's leading financial services group GE (General Electric), as a partner. According to the press release, GE guarantees the highest standards of security and customer service for credit card holders. The credit card will be launched this fall.
Coop is also launching its own credit card with an annual fee of CHF 9.90.
