Gap to Replace Longtime Credit-Card Issuer Synchrony With Barclays

Gap to Replace Longtime Credit-Card Issuer Synchrony With Barclays - WSJ

The retailer’s deal with the U.K. bank ends a 22-year partnership with Synchrony. the largest U.S. issuer of store credit cards.

Gap Inc. is parting ways with its longtime credit-card issuer. Synchrony Financial . and moving the business to Barclays PLC. Barclays will take over Gap’s private-label and co-branded credit cards. including Athleta. Banana Republic and Old Navy. Gap confirmed Tuesday morning after The Wall Street Journal reported on the decision.

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