Gap Inc., a prominent apparel company, has announced new credit card program agreements with Barclays and Mastercard. Starting in May 2022, Barclays will exclusively issue Gap Inc.'s co-branded and private label credit cards in the United States. These cards will be part of the Mastercard payment network. PJ Solomon served as the financial advisor for Gap Inc.
This development is aligned with Gap Inc.'s Power Plan 2023, which aims to enhance its rewards program to attract new customers and foster loyalty. The company launched a new rewards initiative across the U.S. and Puerto Rico in September 2020, featuring branded expressions such as Navyist Rewards, Gap Good Rewards, Banana Republic Rewards, and Athleta Rewards. The revamped credit card program is set to play a significant role in this strategy.
Gap Inc., Barclays, and Mastercard are united by their goal of providing value to customers and ensuring an exceptional experience for cardmembers. This partnership combines leaders from retail, banking, and payments sectors to offer industry-leading credit card products within a reimagined rewards program. Existing cardmembers will receive more information about the transition in 2022.
Gap Inc. operates under several brands including Old Navy, Gap, Banana Republic, Athleta, and Intermix. It uses omni-channel capabilities to enhance shopping experiences both digitally and physically.
Barclays US Consumer Bank specializes in co-branded credit cards among other financial services while Mastercard focuses on connecting global economies through secure transactions.
For more details about these companies or their services, visit their respective websites: www.gapinc.com for Gap Inc., www.BarclaysUS.com for Barclays US Consumer Bank, and www.mastercard.com for Mastercard.