Kohl's and Capital One, National Association, a subsidiary of Capital One Financial Corporation announced multi-year extension of their credit card program agreement. This is the second contract extension, with the most recent one occurring in 2014, and will allow the companies to continue to build on their relationship and provide experiences and highly compelling products to Kohl's millions of customers. The contract extension with Kohl's enables consumers to have expanded buying power and further solidifies an already strong partnership.

Kohl's high product standards and the company's focus on customer service extends through its private label credit card program, Kohl's Card, which offers cardholders access to exclusive offers, guaranteed savings and online payment services. The two companies have also agreed to a co-branded card product piloted as early as 2023. Kohl's loyalty offerings include Kohl's Card, Kohl's Rewards and the Company's iconic Kohl's Cash coupons.

The Company recently announced plans to roll out enhanced rewards for Kohl's Card cardholders this spring. Kohl's Rewards members will earn 7.5% when they use their Kohl's Card — delivering 50% more in rewards for Kohl's Card members who are also Rewards members.