Walgreens to launch credit cards with Synchrony Financial and Mastercard

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Walgreens Boots Alliance Inc. said Wednesday that it will expand its partnerships with Synchrony Financial and Mastercard Inc. with credit cards and a prepaid debit card. The credit cards will be tied to the pharmacy retailer’s newly-launched loyalty program, offering points as well as other benefits. The credit cards are expected to launch during the second half of this year. Walgreens stock was up 1.3% in Wednesday premarket trading, but has slumped 11.3% over the last year. Synchrony Financial stock is up 3.3% over the past 12 months. And Mastercard stock has gained 8.8% for the period. The S&P 500 index is up 15.6% over the past year.
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