OREANDA-NEWS. April 25, 2012. GE Capital Retail Bank and the Tire Industry Association (TIA) today announced a multi-year renewal of their private label credit card program, enabling association members to offer extended financing to customers through the CarCareONE network. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help grow their customer sales, will continue to manage the TIA relationship and service the account.

Introduced in 1984, the TIA CarCareONE program provides customers with convenient payment options and benefits for their full-service tire replacement and repair purchases at TIA member dealer locations. Cardholders can qualify for rebates, promotional financing terms, exclusive savings**, e-bill and e-payment, and other options. The CarCareONE card is nationally accepted by participating merchants and can also be used at Exxon and Mobil gasoline locations.

“For nearly 30 years, TIA and GE Capital have built a strong, effective and mutually successful relationship,” said Roy Littlefield, executive vice president for TIA. “GE Capital offers a deep understanding of our industry and continues to bring value to dealers and their customers.”

TIA is an international association representing all segments of the tire industry, including those that manufacture, repair, recycle, sell, service or use new or retreaded tires, as well as suppliers or individuals who furnish equipment, material or services to the industry.

“Since introducing the TIA CarCareONE program, we’ve built the network to more than 6,000 dealer locations,” said Orlando Zayas, vice president of sales, automotive industry, for GE Capital’s Retail Finance business. “TIA is a recognized leader in the automotive aftermarket industry and we are pleased to continue working with them to provide a valued service offering to their members and truck and car owners nationwide.”

For more than 75 years, GE Capital’s Retail Finance business has provided billions of dollars in consumer financing through major retailers and more than 200,000 small- and mid-sized businesses throughout the United States. GE Capital is a leading provider of consumer credit in the automotive industry for more than 30 years. The company supports its clients with proprietary online technology such as Business Center, which includes service, marketing and sales tools, as well as the newly launched Learning Center, providing businesses with fast and easy access to training tools and resources on how to better understand and offer financing to consumers.