The new myWalgreens Credit Card program launches with a healthy purpose, to reward good behavior, while advancing Walgreens’ move into financial services.
The program includes two industry-first retail health and wellness credit cards, issued by Synchrony Bank, Walgreens announced. The myWalgreens Mastercard and the myWalgreens Credit Card reward personalized wellbeing choices and offer industry-leading rewards at more than 9,000 Walgreens locations, Walgreens.com, Duane Reade stores, via the Walgreens mobile app, and wherever Mastercard is accepted, the retailer stated. The two cards do have some differences as regards rewards and state laws affect what consumers can receive under the program as well.
Still, in the typical course of the program, purchase rewards include:
- myWalgreens Credit Card cardholders can earn 10% Walgreens Cash on eligible Walgreens-branded products and 5% Walgreens Cash rewards on all other eligible brands and pharmacy purchases.
- myWalgreens Mastercard cardholders also earn 3% Walgreens Cash rewards on all eligible grocery and health and wellness purchases outside of Walgreens, including healthcare provider visits, and 1% Walgreens Cash rewards on eligible purchases wherever Mastercard is accepted.
- Cardholders earn $25 in Walgreens Cash rewards when they make their first purchase within 45 days of opening an account.
Synchrony’s leading consumer financing technology allows customers to easily apply for the myWalgreens Credit Card online at Walgreens.com/CreditCard or on the Walgreens mobile app, the retailer noted. In-store, customers can apply at the register, by scanning QR codes on store signage or by using Synchrony’s direct-to-device technology, which sends a unique application link directly to the customer via text message.
The myWalgreens Credit Card integrates with the Walgreens app, including a digital wallet for purchases, digital receipts, environmental and health forecasts and the ability to donate rewards to national and local charities. Once approved, cardholders can begin using their digital card immediately in-store, online and by using the Walgreens mobile app.
“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/payments and 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% Walgreens Cash rewards for making healthy choices when they use their myWalgreens Credit Card to make purchases in-store and online.”