ADVERTISER DISCLOSURE
AcclaimVisa.com is an independent, advertising-supported web site. AcclaimVisa.com is compensated by the credit card issuers whose offers appear on our site. This compensation can impact how and where credit products appear on our site, including, for example, the order in which they may appear within product listings. AcclaimVisa.com does not offer, review or present all available credit offers.

Mastercard Will Issue Co-Branded Kroger Cards In Partnership With US Bank

[Friday, August 11th, 2017]

Kroger grocery stores will partner with Mastercard, as they’ve chose them as the network for their 1-2-3 REWARDS co-branded credit cards, issued by U.S. Bank.

The new suite of cards will give customers points for every dollar they spend on groceries and other essentials. Cardholders can then use those points to pay for food and merchandise at Kroger stores. They will also get discounts on gas, and receive special coupons for exclusive savings.

The program is expected to launch by the end of 2017, and new cards will be mailed out to customers by the spring of 2018. Gary Millerchip, CEO of Kroger Personal Finance, said the 1-2-3 REWARDS card “is an important part of how we reward our loyal shoppers.” He said the partnership with Mastercard and U.S. Bank will “support our business strategy of creating value for customers by lowering costs throughout the business.”

A merging of forces

U.S. Bank’s president of retail payments solutions, John Steward, explained the reasoning behind the merging of forces between Mastercard, Kroger, and U.S. Bank. “U.S. Bank and Kroger have enjoyed a long and successful partnership that continues to grow and evolve. Mastercard’s assets and capabilities align well with our future plans for the Kroger 1-2-3- REWARDS credit card program and support our shared commitment to delivering relevant value to the many Kroger shoppers throughout the U.S.

Kroger is one of the largest grocery retailers in the world, with over $115 billion of sales in 2016 alone.

Store cards vs co-branded cards vs loyalty cards

Some retailers offer loyalty and discount cards that give them reward points and discounts on their purchases, but which aren’t actually credit cards. Other stores issue credit cards that can only be used in their retail locations and online. And other co-branded credit cards can be used anywhere that accepts credit cards as a form of payment.

The Kroger 1-2-3- REWARDS card can be used at Kroger stores to buy anything they sell, as well as offering Mastercard benefits like zero liability for fraudulent purchases, a competitive interest rate, and a rewards program.

Copyright © 2006-2017
AcclaimVisa.com.
All Rights Reserved

AcclaimVisa.com is an independent, advertising-supported web site. AcclaimVisa.com is compensated by the credit card issuers whose offers appear on our site. This compensation can impact how and where credit products appear on our site, including, for example, the order in which they may appear within product listings. AcclaimVisa.com does not offer, review or present all available credit offers.

All the credit card information presented without warranty and can change. To confirm the terms and conditions click the "Apply Now!" button and review the current information on a secure credit card terms page. AcclaimVisa.com can be compensated by the credit card issuers when visitors apply for a credit card through this website.

* The acclaimvisa.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. acclaimvisa.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the acclaimvisa.com website are property of their respective owners.

Disclosure: Not an access card.