Bread financial™ signs long-term agreement to provide dual credit card program for saks fifth avenue and saks off 5th

Columbus, ohio, june 12, 2024 (globe newswire) -- bread financial (nyse: bfh), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced a multi-year, multi-payments product agreement with saks fifth avenue , a leading name in luxury shopping. the existing saks world elite mastercard© credit card and the saks credit card will be issued and supported by comenity capital bank, a subsidiary of bread financial, beginning in august 2024. additionally, bread financial signed a definitive agreement to transition the existing saks fifth avenue credit card portfolio from another issuer. the transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.
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