Citi Acquire & Issue Brooks Brothers Store & Credit Card’s

Citi & Brooks Brothers have reached a multi-year deal where Citi will take over the the management & issuance of the Brooks Brother store & Brooks Brother credit cards. Citi’s Retail Services unit has been on an acquisition spree in the last twelve months, they’ve also picked up Best Buy, Volkswagen U.S. and CNH Industrial and renewed another 7 contracts with other co branded partners.

brooks brothers

This new agreement has already got into effect, there have’t been any changes to the rewards structure on these cards although it’s somewhat surprising they are running on the MasterCard payment network given Citi’s massive deal with Visa to take over Costco co-branded card from American Express. Citi also recently relaunched the Citi Best Buy card which now runs on Visa as well, so something could happen with the Brooks Brother card once they are happy with the transfer process of all existing cardholders.

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