Walgreens Launches Industry-First myWalgreens Credit Card Program – The Credit Card That Pays Well to Stay Well®
August 16 2021 - 8:00AM
Business Wire
Issued by Synchrony Bank, the first of their
kind myWalgreens Credit Cards rewards more personalized wellbeing
choices with Walgreens Cash rewards
Walgreens (Nasdaq: WBA) today introduced the new myWalgreens
Credit Card program, featuring two industry-first retail health and
wellness credit cards, issued by Synchrony Bank (NYSE: SYF). The
myWalgreens Mastercard and the myWalgreens Credit Card are the
first ever of their kind to reward more personalized wellbeing
choices and offer industry-leading rewards at more than 9,000
Walgreens locations, Walgreens.com, Duane Reade stores, via the
Walgreens mobile app, and wherever Mastercard is accepted.
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myWalgreens Credit Card (Photo: Business
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“Today’s launch of the myWalgreens Credit Card is just the
beginning in the evolution and expansion of our financial services
offerings,” said Maria Smith, vice president of payments &
financial services at Walgreens. “Most credit cards reward
customers for what they buy, but not how they live. The myWalgreens
Credit Card aims to change that through building upon the strength
of our myWalgreens loyalty platform and app experience, while
cardholders can earn up to 10 percent Walgreens Cash rewards for
making healthy choices when they use their myWalgreens Credit Card
to make purchases in-store and online.”
“Synchrony is proud to deepen our health and wellness expertise
by partnering with Walgreens and to bring the myWalgreens Credit
Card to market,” said Alberto Casellas, chief executive officer and
executive vice president, Synchrony Health and Wellness. “Now more
than ever, consumers are focused on living well and this card
offers a dynamic, new customer experience designed to meet their
unique needs – a personalized experience that makes saving,
shopping and focusing on wellness easier and more rewarding.”
Healthy Rewards and a Simplified Digital-Led
Experience
The new myWalgreens Credit Card offers consumers a simple and
unique experience that provides savings on future health and
wellness purchases.
Valuable Walgreens Cash rewards on Purchases:
- myWalgreens Credit Card cardholders can earn 10% Walgreens
Cash rewards on eligible Walgreens-branded products and 5%
Walgreens Cash rewards on all other eligible brands and
pharmacy purchases.
- myWalgreens Mastercard cardholders also earn 3% Walgreens
Cash rewards on all eligible grocery and health and wellness
purchases outside of Walgreens and including healthcare provider
visits, and 1% Walgreens Cash rewards on eligible purchases
wherever Mastercard is accepted.
- Cardholders will earn $25 in Walgreens Cash rewards when they
make their first purchase within 45 days of opening an account
Digital-Led Features Deliver Innovative Customer
Experiences:
- The digital led experience delivered by Synchrony’s leading
consumer financing technology allows customers to easily apply for
the myWalgreens Credit Card online at Walgreens.com/CreditCard or
on the Walgreens mobile app.
- While in-store, customers can apply at the register, by
scanning QR codes on store signage or by using Synchrony’s direct
to device technology, which sends a unique application link
directly to the customer via text message.
- When the customer chooses to apply, Synchrony’s patent-pending
dApply technology authenticates the customer and prefills much of
the application to streamline the application process. In addition,
Synchrony’s Quickscreen pre-approval engine provides a real-time
credit check and response, enabling members of the myWalgreens
loyalty program to open an account in seconds if approved.
The myWalgreens Credit Card seamlessly integrates with the
Walgreens app, including a digital wallet for purchases, digital
receipts, environmental and health forecasts and the ability to
donate your rewards to national and local charities. Once approved,
cardholders can begin using their digital card immediately in-
store, at Walgreens.com, and by using the Walgreens mobile app.
Additional cardholder features include:
- The myWalgreens Credit Card has no annual fee and there is no
membership fee to join the myWalgreens rewards program.
- Walgreens Cash rewards can be redeemed at any Walgreens store
or online. There is no limit to how many Walgreens Cash rewards a
cardholder can earn.
- Cardholders will be able to use the myWalgreens Credit Card for
purchases at more than 9,000 Walgreens stores,Walgreens.com, Duane
Reade stores and via the Walgreens mobile app. They will have
access to contactless shopping experiences and mobile-first money
management features as well as the opportunity to earn accelerated
rewards.
- myWalgreens Mastercard cardholders will also be able to use
their credit card to make purchases at all other places of business
wherever Mastercard is accepted, and earn rewards, including
accelerated rewards when shopping for products in the health and
wellness category, an area Walgreens champions in communities
across America.
For more information and to apply for a card, visit
https://www.walgreens.com/creditcard.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services
company. We deliver a wide range of specialized financing programs,
as well as innovative consumer banking products, across key
industries including digital, retail, home, auto, travel, health
and pet. Synchrony enables our partners to grow sales and loyalty
with consumers. We are one of the largest issuers of private label
credit cards in the United States; we also offer co-branded
products, installment loans and consumer financing products for
small- and medium-sized businesses, as well as healthcare
providers. Synchrony is changing what’s possible through our
digital capabilities, deep industry expertise, actionable data
insights, frictionless customer experience and customized financing
solutions. For more information, visit www.synchrony.com and
Twitter: @Synchrony
About Walgreens
Walgreens (www.walgreens.com) is included in the United States
segment of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a global
leader in retail pharmacy. As America’s most loved pharmacy, health
and beauty company, Walgreens purpose is to champion the health and
wellbeing of every community in America. Operating more than 9,000
retail locations across America, Puerto Rico and the U.S. Virgin
Islands, Walgreens is proud to be a neighborhood health destination
serving approximately 8 million customers each day. Walgreens
pharmacists play a critical role in the U.S. healthcare system by
providing a wide range of pharmacy and healthcare services. To best
meet the needs of customers and patients, Walgreens offers a true
omnichannel experience, with platforms bringing together physical
and digital, supported by the latest technology to deliver
high-quality products and services in local communities
nationwide.
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Michelle Blaya Synchrony Michelle.blaya@syf.com 626-250-1415
Emily Hartwig-Mekstan Walgreens media@walgreens.com
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