Synchrony (SYF) to Issue Co-Branded Card for J.Crew Clients [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
Details about the expected transition to the new card program will be furnished by J.Crew Group to its customers in the months ahead. The partners will collaborate to introduce a co-branded credit card in the first half of 2024, which can be utilized by the customer base of J.Crew Group across J.Crew and J.Crew Factory stores, online sites and mobile channels. J.Crew Group boasts its presence in almost every U.S. state, with 120 J.Crew retail stores and 215 J.Crew Factory stores as of Oct 28, 2023, thereby substantiating the widespread reach of the new card. Per the terms of the partnership, Synchrony will act as the exclusive issuer of J.Crew And J.Crew Factory credit cards. SYF will purchase the current credit portfolio of J.Crew and will extend a comprehensive portfolio of digital expertise, such as mobile wallet provisioning, pre-approval capabilities and Scan to Apply, to the retailer. The recent move also assures greater rewards and savings for J.Crew Group customers while
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