Walgreens is rolling out two retail health and wellness credit card offerings in an effort to personalize its customers’ loyalty and reward experiences and drive overall spend.
The new offering comes in response to a growing preference amongst Walgreens customers for wellness-focused rewards.
“Now more than ever, consumers are focused on living well and this card offers a dynamic, new customer experience designed to meet their unique needs – a personalized experience that makes saving, shopping and focusing on wellness easier and more rewarding,” said Alberto Casellas, chief executive officer and executive vice president, Synchrony Health and Wellness.
Both cards, the myWalgreens Mastercard and the myWalgreens Credit Card, are said to be the first-ever of their kind that reward wellbeing choices. Cardholders have an opportunity to earn rewards at more than 9,000 Walgreens locations, Walgreens.com, Duane Reade stores via the Walgreens mobile app and wherever Mastercard is accepted. The cards are being issued by Synchrony Bank.
Through the offering, myWalgreens Credit Card cardholders can earn 10 percent Walgreens Cash rewards on eligible Walgreens-branded products and 5 percent Walgreens Cash rewards on all other eligible brands and pharmacy purchases.
Additionally, myWalgreens Mastercard cardholders can earn 3 percent Walgreens Cash rewards on all eligible grocery and health and wellness purchases outside of Walgreens, including healthcare provider visits and 1 percent Walgreens Cash rewards on eligible purchases wherever Mastercard is accepted.
Within the first 45 days of opening an account, cardholders have the opportunity to earn $25 in Walgreens Cash rewards when they make their first purchase.
The offering follows Walgreen’s efforts back in November 2020 to improve access to healthcare and wellness services through the revamp of its existing Balanced Rewards loyalty program, which is now called myWalgreens.