Type to search

News Briefs

Barclays Enters Multi-Year Relationship Agreement with AARP

Avatar photo
Share

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 US Consumer Bank and AARP will soon launch a suite of credit cards for AARP members. | DBT PHOTO BY JACOB OWENS

“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.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.

Tags:

You Might also Like

3 Comments

  1. Avatar photo
    Robert C McDougall July 27, 2021

    This appears to be a complete about face from AARP management. Long a supporter of opposing binding arbitration clauses in credit cards, now apparently it is all for them against the best interests of AARP members. Shame on you AARP management.

    Reply
    1. Avatar photo
      Christian Savage July 27, 2021

      Agreed.

      And the AARP cardholder “benefits” are totally changed under this agreement with Barclays — notably 3% cash-back for restaurants disappears under the Barclay terms. I’m canceling the AARP branded card; found a much better deal at N*rdW@llet offering 4% back on restaurants, so a blessing in disguise.

      Reply
  2. Avatar photo
    Ken August 28, 2021

    I was a long-term AARP Chase card holder. I also expressed a strong disagreement with AARP braking w/ Chase card relationship. It will cause a lot of inconveniences for those members that using Chase card as bills automatic payment, to number only a few problems…AARP has never survey its members about this change? It’s clear that many AARP credit card members will take their business elsewhere as a result…

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *

Premier Digital Partners

© 2023 Delaware Business Times