The Most Wonderful Time of the Year Just Got Better with the New Citi STAPLES easyRewards MasterCard

    -- Unique credit card rewards program allows Canadians to earn money
    towards school and office supplies --

    TORONTO, Aug. 7 /CNW/ - Canadians can now earn rewards towards office and
school supplies just by using a credit card. Today, Citi Cards Canada (Citi)
and STAPLES Business Depot (STAPLES) introduced the Citi STAPLES easyRewards
MasterCard, allowing Canadians to quickly accumulate rewards with every
purchase made with the card at any retailer.
    Just in time for back to school, Citi STAPLES easyRewards MasterCard
cardholders can earn up to two per cent in STAPLES easyRewards to use towards
purchases at any STAPLES Business Depot or Bureau en Gros store in Canada -
and the rewards never expire so they can be used at anytime.
    "This is a unique credit card rewards program for Canadians and we're
excited to be teaming up with STAPLES to bring the easyRewards program to
consumers," said Bruce Clark, President, Citi Cards Canada. "The Citi STAPLES
easyRewards MasterCard is a must for anyone who buys office and school
supplies - it's easy to accumulate rewards quickly with everyday purchases."

    What's in a card?

    Cardholders will earn STAPLES easyRewards on a tiered-basis, and
easyRewards are calculated automatically based on the customer's year-to-date
spend. The tiers start at 0.5 per cent for spend of $0 to $3,000 and increase
to two per cent with an annual spend of over $15,000 to a maximum of $50,000.
    Each time a cardholder reaches a minimum of 20 easyRewards, they can
redeem the rewards for a Payout card by ordering it online at
or by contacting Citi's call centre at 1-866-622-2232.
    "With more 280 locations across the country, STAPLES Business Depot is
Canada's leader in office and school supplies," said Steve Matyas, President,
STAPLES Business Depot. "We're excited to offer our valued customers a new way
to quickly and easily collect and redeem STAPLES easyRewards."

    What the research shows

    According to customer research, the average Canadian has a monthly credit
card bill of $1,275 and spends an average of $752.00 per year on office
supplies. The Citi STAPLES easyRewards MasterCard is a convenient way to put
every credit card purchase to work to help pay for things most Canadians
already buy.
    "Citi and STAPLES Business Depot are helping our customers get more out
of the money they spend everyday," said Steve Matyas. "This new rewards
program is a great way for Canadians to 'Earn everywhere they shop' and use
the rewards at a retailer they already count on."
    The Citi STAPLES easyRewards MasterCard has no annual fee and additional
cards are provided at no extra cost. Cardholders are protected by Citi
Identity Theft Solutions and Online Account Management systems.
    Canadians can apply for a no-fee Citi STAPLES easyRewards MasterCard by
simply calling 1-800-398-0620, visiting a STAPLES Business Depot location, by
mail or online at or

    About Citi Cards

    Citi Cards is Canada's leading provider of general purpose and private
label credit and charge cards, and is affiliated with Citibank Canada. Major
credit and charge cards under the Citi Cards banner include Citi MasterCard,
Diners Club, Home Depot, Business Depot/Staples, IKEA, Goodyear, Zales
(Peoples/Mappins), and Costco. MasterCard reward offerings include the Citi
PETRO-POINTS(*) MasterCard and the Citi Driver's Edge Gold and Platinum
MasterCard. Citi, the leading global financial services company, has some
200 million customer accounts and does business in more than 100 countries,
providing consumers, corporations, governments and institutions with a broad
range of financial products and services, including consumer banking and
credit, corporate and investment banking, securities brokerage, and wealth
management. Citi's major brand names include Citibank, CitiFinancial,
Primerica, Citi Smith Barney and Banamex. Additional information may be found
at or

    About STAPLES Business Depot

    Founded in Toronto in 1991, STAPLES Business Depot is Canada's largest
supplier of office supplies, business machines, office furniture and business
services for the small business and home office customer. The company is an
everyday low price retailer, operating stores in every province across Canada
under the banners STAPLES(R) Business Depot(TM) and Bureau en Gros(MC). The
company employs over 13,500 associates serving customers through more than 280
office superstores, catalogue, and e-commerce. STAPLES(R) Business
Depot(TM)/Bureau en Gros(MC) is committed to making shopping easy by offering
customers three ways to shop: online, by catalogue and in-store. More
information is available at

    About Staples Inc.

    Staples, Inc. invented the office superstore concept in 1986 and, today,
is the world's largest office products company. With 74,000 associates, the
company is committed to making it easy to buy a wide range of office products,
including supplies, technology, furniture, and business services. With 2006
sales of $18.2 billion, Staples serves consumers and businesses, ranging from
home-based businesses to Fortune 500 companies in 22 countries throughout
North and South America, Europe and Asia. Headquartered outside of Boston,
Staples operates more than 1,900 office superstores and also serves its
customers through mail order catalogue, e-commerce and contract businesses.
More information is available at

For further information:

For further information: or to speak with someone about the Citi STAPLES
easyRewards MasterCard please contact: Melissa Prince, Cohn & Wolfe, (416)
924-5700 x 4086,; or Alessandra Saccal, Public
Relations Manager, Staples, (905) 737-1147 x 2363,

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