Ollie’s Bargain Outlet Finds Credit Card Success by Tapping Customer Loyalty
Ollie’s Bargain Outlet is experiencing early success with its first-ever credit card, launched in partnership with financial tech firm Sunbit in August. The card builds on Ollie’s Army, the store’s long-established loyalty program. Executives report that credit card holders spend twice as much as regular loyalty members and shop more frequently. Surprisingly, the card is also seeing substantial off-brand usage, which means customers use....