Citi Retail Services and Brooks Brothers, the country’s oldest clothing retailer, are extending their consumer credit card relationship. The two parties announced a multi-year extension late last week. Here are all the new Citi and Brooks Brothers credit card extension details.
Citi and Brooks Brothers Extend Credit Card Partnership
Citi will continue to manage the Brooks Brothers credit card portfolio. The news follows the inking of a fresh extension to the partnership. This multi-year extension will see the relationship with Brooks Brothers extend a full decade, beginning in 2015.
The partnership includes the Brooks Brothers Platinum Mastercard. This no annual fee retail card offers accelerated opportunities to earn points through the My Brooks Rewards program. The card earns 3X points on gas and grocery store purchases, 2X points on dining and rideshare purchases, 1X on all other purchases, and offers Brooks Brothers discounts.
“Commitment to Innovation”
According to a press release announcing the partnership extension, Citi hailed the agreement as helping to “strengthen the bond between the two iconic American brands and marks a continued alignment of goals, including a steadfast commitment to driving omnichannel engagement and building multi-generational customer relationships.”
“Since 2015, Citi Retail Services has been a valued partner in powering the growth of our payments offerings – especially as we’ve expanded our omnichannel offerings,” said Brooks Brothers CEO, Ken Ohashi. “As we further transform for the future, we believe that this renewal will enable us to expand our vision of what is possible for cardmembers and valued customers.”
“We are excited to announce a multi-year renewal of our credit card partnership with Brooks Brothers,” added Leslie McNamara, Business Head, Partner Management, Citi Retail Services. “This agreement signifies our shared commitment to innovation and creating next-gen commerce solutions that will drive growth and engagement within an increasingly interconnected physical and digital landscape.”
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
About Brooks Brothers
Established in 1818, Brooks Brothers was the first American brand to offer ready-to-wear clothing and has continued throughout history with iconic product introductions including seersucker, madras, argyle, the first successful non-iron shirt, and the original button-down collar. Since its founding 203 years ago in New York, Brooks Brothers has become a legendary international retailer while maintaining a steadfast commitment to exceptional service, quality, style, and innovation.
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