Barclays Enters Multi-Year Relationship Agreement with AARP
WILMINGTON – Barclays US Consumer Bank, a leading issuer of custom co-branded credit card programs and AARP, the nation’s largest nonprofit, nonpartisan organization dedicated to empowering Americans fifty and older to choose how they live as they age, have entered into a multi-year agreement to provide a suite of credit cards to AARP members in the United States. Barclays is scheduled to launch the co-branded credit cards in the spring of 2021.
“Barclays is thrilled to have been chosen to design and offer credit card products that may enrich and enhance the experience for the nearly 38 million AARP members across the United States,” said Denny Nealon, CEO, Barclays US Consumer Bank in a statement. “This relationship reflects our focus and commitment to help AARP members by providing innovative credit and lending programs that drive customer loyalty and engagement.”
“AARP members are savvy consumers, and they have high expectations when they see the AARP brand on a product,” said John Larew, AARP Services President and CEO in a statement. “I am delighted that Barclays will design card features and a service experience that live up to those high expectations.”
As part of the agreement, Barclays will acquire the existing AARP-branded credit card portfolio. Barclays will offer a suite of card products that will provide AARP members with a wide range of exclusive benefits and rewarding value propositions. More details about the features of the card products will be announced prior to launch in 2021.