U.S. markets close in 2 hours 3 minutes
  • S&P 500

    4,173.01
    +60.51 (+1.47%)
     
  • Dow 30

    34,385.90
    +364.45 (+1.07%)
     
  • Nasdaq

    13,403.60
    +278.61 (+2.12%)
     
  • Russell 2000

    2,213.33
    +42.38 (+1.95%)
     
  • Crude Oil

    65.25
    +1.43 (+2.24%)
     
  • Gold

    1,838.50
    +14.50 (+0.79%)
     
  • Silver

    27.39
    +0.33 (+1.20%)
     
  • EUR/USD

    1.2139
    +0.0054 (+0.45%)
     
  • 10-Yr Bond

    1.6440
    -0.0240 (-1.44%)
     
  • GBP/USD

    1.4093
    +0.0041 (+0.29%)
     
  • USD/JPY

    109.4260
    -0.0080 (-0.01%)
     
  • BTC-USD

    50,660.57
    +2,373.02 (+4.91%)
     
  • CMC Crypto 200

    1,418.43
    +59.87 (+4.41%)
     
  • FTSE 100

    7,043.61
    +80.28 (+1.15%)
     
  • Nikkei 225

    28,084.47
    +636.46 (+2.32%)
     

Gap signs credit card agreement with Barclays and Mastercard after split with Synchrony

Tonya Garcia
·1 min read
Gap signs credit card agreement with Barclays and Mastercard after split with Synchrony
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Gap Inc. said Tuesday that it has signed long-term credit card agreements with Barclays PLC [s:bcs], which will exclusively issue Gap Inc. cards, and Mastercard Inc. , which will issue co-branded cards across the namesake, Banana Republic, Old Navy and Athleta brands. Barclays will begin issuing cards in May 2022. The credit card program is a key component of Gap's growth strategy and new rewards programs, the apparel retailer said. Synchrony Financial announced earlier on Tuesday that it will not renew its partnership with Gap. Shares of Gap fell 2.6% in early Tuesday trading, but have rallied 58% for the year to date. The S&P 500 index is up 9.9% for 2021 so far.