---
schema_version: "secwatch.filing_event.v1"
accession: "0000028917-24-000002"
form_type: "8-K"
ticker: "DDS"
cik: "0000028917"
company_name: "DILLARD'S, INC."
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T16:11:03.923257+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dillard's enters new credit card program agreement with Citi and Mastercard; replaces existing Wells Fargo program

## Summary
- Citi will purchase existing Dillard's credit card accounts from Wells Fargo; new program to launch late summer 2024.
- Mastercard becomes exclusive payment network for new co-branded cards; private label card also offered.
- Agreement has 10-year term with automatic renewals; DIC receives monthly compensation and one-time launch payment.
- Wells Fargo had provided non-renewal notice; Current Agreement terminates Nov 2024 unless earlier purchase.

## SEC filing metadata
- accession: 0000028917-24-000002
- form_type: 8-K
- ticker: DDS
- cik: 0000028917
- company_name: DILLARD'S, INC.
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/28917/000002891724000002/0000028917-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/28917/000002891724000002/dds-20240126x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000028917-24-000002
- JSON: https://secwatch.observer/filing/0000028917-24-000002.json
- Plain text: https://secwatch.observer/filing/0000028917-24-000002.txt

## Key facts
- Material Agreements
  DILLARD'S, INC. entered into Credit Card Program Agreement with Citibank, N.A. (effective 2024-01-26).
  - Action: entry
  - Counterparty: Citibank, N.A.
  - Effective: 2024-01-26
  source text: On January 26, 2024 (the “Effective Date”), Dillard’s, Inc. (the “Company”) and a subsidiary of the Company, Dillard Investment Co., Inc. (“DIC” and together with the Company, the “Company Parties”), entered into a Credit Card Program Agreement (the “Program Agreement”) with Citibank, N.A. (“Citi”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/28917/000002891724000002/0000028917-24-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.