Virgin Red announced it has entered into a multi-year agreement with Synchrony (SYF) and Mastercard (MA) for the new Virgin Red Rewards World Elite Mastercard credit card program. Synchrony will become the exclusive U.S. issuer of a multi-category travel credit card program for Virgin Red. As part of the partnership, Mastercard will become the exclusive payments network for the new card that will launch in the second half of 2024. The new Virgin Red Rewards Mastercard will allow cardholders to earn Virgin Points on hotels, flights, cruises or experiences, as well as purchases outside Virgin companies. Virgin Points can be spent across a huge variety of rewards on Virgin Red from movie tickets and charity donations to hotel stays, flights and extraordinary experiences with Virgin Experience Gifts. Through the partnership with Synchrony, cardholders will have access to new and improved digital experiences including streamlined digital application and servicing.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYF:
- Synchrony Financial Releases Monthly Credit Statistics
- Friday’s preliminary injunction positive for card industry, says TD Cowen
- Synchrony call volume above normal and directionally bullish
- Carvana upgraded, Block downgraded: Wall Street’s top analyst calls
- Synchrony extends partnership with Affordable Care offering CareCredit
