Walgreens has launched two cobranded credit cards that offer cashback rewards to consumers for making healthy purchases.
The new myWalgreens credit card program features two credit cards issued by Synchrony Bank. The myWalgreens Mastercard and the myWalgreens credit card are the “first ever of their kind to reward more personalized wellbeing choices,” the company said. The rewards are available for puchases made at Walgreens and Duane Reade stores as well as for online purchases via Walgreen’s e-commerce site and mobile app and wherever Mastercard is accepted.
The myWalgreens credit card gives 10% Walgreens Cash rewards on eligible Walgreens-branded products and 5% Walgreens Cash rewards on all other eligible brands and pharmacy purchases.
The Walgreens Mastercard gives 3% Walgreens Cash rewards on eligible grocery and health purchases made outside of Walgreens and including healthcare provider visits. It also offers 1% Walgreens Cash rewards on eligible purchases wherever Mastercard is accepted. Also, cardholders will earn $25 in Walgreens Cash rewards when they make their first purchase within 45 days of opening an account.
“Today’s launch of the myWalgreens Credit Card is just the beginning in the evolution and expansion of our financial services offerings,” said Maria Smith, VP of payments & financial services at Walgreens. “Most credit cards reward customers for what they buy, but not how they live. The myWalgreens Credit Card aims to change that through building upon the strength of our myWalgreens loyalty platform and app experience, while cardholders can earn up to 10 percent Walgreens Cash rewards for making healthy choices when they use their myWalgreens credit card to make purchases in-store and online.”