ADAC confirms the end of the cooperation
Anyone who has a credit card from Amazon or the ADAC will soon have to make an important change. In future, Landesbank Berlin will no longer be available as a partner in the background. The ADAC has now confirmed the separation. That should also mean the end for the Amazon credit card.
Original article:
Amazon credit card soon without Landesbank Berlin
Landesbank Berlin, which belongs to the Sparkasse, was previously available as the provider of the Amazon and ADAC credit cards. In Germany, over a million customers have made use of the offer. This should end by the end of next year, as a first report suggests. After the year In 2022, customers will have to adapt – How exactly is not yet certain.
Credit card providers in our overview:
Neither Amazon nor the ADAC have made public what caused the actually quite successful cooperation. There is still no comment from Landesbank Berlin either. But it is already certain that the ADAC has canceled its credit card offer at the bank. Here should around 1.3 million customers to be affected. Landesbank Berlin has a total of 2.8 million credit card customers. The co-branding model has so far been seen as a real figurehead.
in the Video: How to protect yourself from hackers when banking online.
The matter is even more opaque at Amazon. It remains unclear whether it is up to the Landesbank Berlin or the mail order company that the Cooperation not continued will. In the annual report of Landesbank Berlin in 2020 it was said that Amazon was part of a major “growth strategy” (source: FinanceFWD).
Credit card from Amazon and ADAC: what’s next?
In the short term, nothing will change for owners of credit cards from Amazon or ADAC. It can also be assumed that the credit card business will start from Landesbank Berlin in 2022 submitted to another credit institution will. By then, at the latest, it will become clear what the customers can expect in detail.
