Walgreens Launches Scarlet Mastercard Debit Card

Advertiser Disclosure

Walgreens and Mastercard are continuing their partnership with a new bank account and debit card. The new account, known as Scarlet, is a combination Bank account and debit card issued through MetaBank and exclusively available at Walgreens – at over 9,000 Walgreens stores nationwide, online, and via the Walgreens mobile app.

Walgreens Launches Scarlet Bank and Debit Card Account with MetaBank

The Scarlet account links with a user’s existing myWalgreens Rewards account and earns cash back rewards on eligible purchases. Accountholders earn up to 5% back in Walgreens cash rewards on eligible purchases at Walgreens and Duane Reade stores, Walgreens.com, and the Walgreens mobile app, and 1% back on all other purchases.

The Scarlet Debit Card also offers tools designed to assist account holders in building healthy financial habits, including free two-day direct deposits, free reloads at Walgreens and Diane Reade locations, 55,000+ fee-free ATMs, and custom goal-setting features to help forecast and manage personal spending. Users also enjoy mobile wallet connectivity, have mobile check capture capabilities through Ingo Money, and can send money for free to other Scarlet account holders.

The new Scarlet Card follows on the heels of the successful launch of the myWalgreens™ Mastercard® last month. That card, issued through Synchrony, offers up to 10% Walgreens cash rewards on eligible purchases, with no annual fee.

“Pleased to Expand Our Financial Services Offerings”

“With a focus on our customers’ health and wellbeing, Walgreens is pleased to expand our financial services offerings with Scarlet and further expand the broad spectrum of financial solutions that are accessible to the customers, patients, and communities we serve,” said Maria Smith, Vice President of payments and financial services at Walgreens, in a press release. “Scarlet is just the latest expansion in the Walgreens financial services portfolio, which also includes the Walgreens mobile wallet, remittance services, ATM, third party banking services, and the recently launched myWalgreens Credit Card. We look forward to deepening engagement with our customers as we continue to support their personal and financial wellbeing.”

“The launch of Scarlet speaks to a continued desire and demand from consumers for seamless and accessible financial experiences,” added Kush Saxena, executive VP, U.S. merchants and acceptance at Mastercard. “We are pleased to deliver our technology and healthcare expertise to deepen Walgreens’ commitment to providing more relevant and personalized solutions for cardholders at Walgreens and beyond.”

Related Article: Walgreens Credit Card to Launch in 2021

Featured image by Walgreens

Editorial Disclosure – The opinions expressed on BestCards.com's reviews, articles, and all other content on or relating to the website are solely those of the content’s author(s). These opinions do not reflect those of any card issuer or financial institution, and editorial content on our site has not been reviewed or approved by these entities unless noted otherwise. Further, BestCards.com lists credit card offers that are frequently updated with information believed to be accurate to the best of our team's knowledge. However, please review the information provided directly by the credit card issuer or related financial institution for full details.

About: Cory
Cory Santos

Cory Santos is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.