American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say
American has been working with banks and card networks on a new deal with the aim of consolidating its business with a single issuer, sources tell CNBC.
American Airlines looking to consolidate branded credit cards with Citigroup
American Airlines (NASDAQ:AAL) is reportedly in talks to make Citigroup (NYSE:C) the carrier’s exclusive credit card provider, pushing out rival Barclays (NYSE:BCS) which also has a relationship with the carrier thanks to its legacy deal with the former US Airways.
American Airlines Reportedly Eyes Citigroup for Exclusive Credit Card Deal, Dropping Barclays After Decade-Long Partnership
American Airlines is in discussions to name Citigroup as its exclusive credit card partner, a move that could end a decade-long partnership with Barclays, according to people familiar with the matter.
Opinion
Column: Big companies keep shuttering their co-branded credit cards. Why?
When Walmart's credit cards were discontinued in 2024, they joined a growing list of high-profile casualties among so-called co-branded credit cards.
Citigroup’s Strategic Win: Strengthening Ties with American Airlines through Exclusive Co-Brand Card Deal
Mike Mayo, an analyst from Wells Fargo, assigned the Buy rating on Citigroup (C – Research Report). The associated price target remains
fintechmagazine4d
Top 10: Credit Card Companies
Discover the top 10 credit card companies shaping the global market with innovative products, digital tools, and exceptional ...
Goldman to Hand Off a $2 Billion Credit-Card Book to Barclays
Goldman Sachs Group Inc. is set to hand off a $2 billion portfolio of loans made to General Motors Co. customers after its ...
Goldman Sachs nearing a deal to transfer GM credit card business to Barclays, source says
Goldman Sachs is close to finalizing a deal to transfer its General Motors credit card business to Barclays , a source ...
Americans are falling behind on credit card bills, auto loans — and Wall Street is getting worried
A recent survey by the Federal Reserve Bank of New York found that around 9.1% of credit card balances turned delinquent over the past year.
USA Today24d
Barclays Bank Review September 2024
In 2004, Barclays acquired Juniper Bank and became known as Barclaycard U.S., which specialized in offering credit cards. The bank introduced its online bank with savings and CD accounts ...
GM Authority11d
Goldman Sachs And Barclays Close To A Deal For GM Credit Card Transfer
Goldman Sachs and Barclays are reportedly close to finalizing the transfer of the GM credit card business from the former to ...
MarketWatch5d
Barclays Bank Review
Requirements vary by bank. Barclays Bank’s personal banking services only offer a high-yield savings accounts, fixed-term CDs, credit cards and invitation-only personal loans. It doesn’t ...
Business Insider24d
Barclays Bank Review 2024
The bank also offers personal loans by invitation only, and co-branded credit cards with companies like Jet Blue and Gap. It doesn't have any credit cards for its own brand, though.