Barclays and JetBlue are extending their co-branded credit card relationship thanks to a new agreement between the bank, the carrier, and payment network Mastercard. The new long-term partnership agreement will see Barclays continue to be the exclusive home of JetBlue credit cards in the United States.
Barclays and JetBlue Extend Airline Card Partnership
JetBlue and Barclays have renewed their co-branded airline credit card relationship. The agreement comes after interest in the JetBlue credit card portfolio from Goldman Sachs, which is seeking to extend its credit card offerings beyond the Apple Card and the GM family of credit cards.
Barclays has been the exclusive U.S. credit card partner of JetBlue since 2016. The bank currently issues three co-branded credit cards, all of which earn points and offer perks in the JetBlue TrueBlue frequent flyer program:
Barclays and JetBlue Hail Partnership
Speaking in a press release that accompanied the news of the partnership extension, Don Uselmann, VP of loyalty at JetBlue, hailed the partnership and the prospects of success. “We have had a highly successful collaboration with both Barclays and Mastercard. Building on our current best-in-class products, we are already acting on a plan that will disrupt the industry and bring even more value to our cardmembers,” he said. “Over time, we will introduce an enhanced product set, reimagined benefits, and a high degree of personalization and choice.”
“During the past five years, we have built a sizeable credit card portfolio with JetBlue. We are thrilled to have the privilege to continue our strong and collaborative partnership, and we look forward to providing JetBlue cardmembers with robust rewards, benefits, and experiences for years to come,” added Bob Highland, head of cards and partnerships, Barclays U.S. Consumer Bank. “Barclays’ ‘partner first approach enables us to invest in highly customized solutions that outperform our brand-focused competitors in growing the size, scale, and customer penetration of our programs.”
Agreement Also Reached with Mastercard
The new JetBlue and Barclays agreement also includes Mastercard. The Mastercard payment network is utilized by all three credit cards in the portfolio and provides travel and lifestyle benefits for cardholders.
“Mastercard’s suite of benefit offerings and Priceless platforms, coupled with the Barclays and JetBlue custom-curated benefits, ensure that consumers can enjoy an enhanced travel experience from booking through departure,” said John Levitsky, EVP account management in North America for Mastercard. “With cardmember needs at the core of the partnership, Mastercard will also leverage its Test & Learn platform and loyalty solutions to enable continued innovation within the card offerings.”
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Featured image by JetBlue
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