Mastercard Selected for Kroger Co-Brand Credit Card Issued by U.S. Bank
July 27 2017 - 10:11AM
Business Wire
Card will offer same great service and
rewards
Mastercard announced today that The Kroger Co. has chosen the
company to be the network for the grocery retailer’s 1-2-3 REWARDS
co-brand credit card program. The cards will continue to be issued
by U.S. Bancorp.
“The Kroger 1-2-3 REWARDS® credit card is an important part of
how we reward our loyal shoppers,” said Gary Millerchip, CEO of
Kroger Personal Finance. “We are always looking for partnerships
that support our business strategy of creating value for customers
by lowering costs throughout the business and we are excited for
this new partnership with Mastercard.”
The new suite of credit cards will enable shoppers to earn
valuable points with each purchase that can be used to pay for food
and other merchandise at Kroger grocery stores. Shoppers also will
receive exclusive fuel discounts and personalized shopping coupons,
while enjoying access to exclusive Mastercard benefits. The card
program will launch by the end of 2017, with new cards to be issued
by Spring 2018.
John Steward, president of Retail Payments Solutions at U.S.
Bank, said, “U.S. Bank and Kroger have enjoyed a long and
successful partnership that continues to grow and evolve.
Mastercard’s assets and capabilities align well with our future
plans for the Kroger 1-2-3 REWARDS® credit card program and support
our shared commitment to delivering relevant value to the many
Kroger shoppers throughout the U.S.”
“Kroger is a leader in innovation and we are pleased to join
with them and U.S. Bank to provide their cardholders with a unique
program to earn and redeem rewards,” said Linda Kirkpatrick,
executive vice president, Market Development, Mastercard.
“Consumers want a card program that meets their specific shopping
needs and together with Kroger and U.S. Bank, we provide the
flexibility that best fit their lifestyle.”
About Kroger
The Kroger Co. (NYSE:KR) is one of the world’s largest grocery
retailers, with fiscal 2016 sales of $115.3 billion. The Kroger Co.
Family of Stores spans many states with store formats that include
grocery and multi-department stores, discount, convenience stores
and jewelry stores. We operate under nearly two dozen banners, all
of which share the same belief in building strong local ties and
brand loyalty with our customers.
About U.S. Bank
Minneapolis-based U.S. Bancorp, with $464 billion in assets as
of June 30, 2017, is the parent company of U.S. Bank National
Association, the fifth largest commercial bank in the United
States. The company operates 3,088 banking offices in 25 states and
4,826 ATMs and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the
web at www.usbank.com.
About Mastercard
Mastercard (NYSE:MA), www.mastercard.com, is a
technology company in the global payments industry. We operate the
world’s fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in
more than 210 countries and territories. Mastercard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on
Twitter @MastercardNews, join the discussion on
the Beyond the Transaction
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the Engagement Bureau.
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version on businesswire.com: http://www.businesswire.com/news/home/20170727005891/en/
Mastercard CommunicationsJim Issokson,
1-914-249-3153James.issokson@mastercard.com
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