L.L.Bean and Citi Retail Services Launch New Co-brand Mastercard

L.L.Bean and Citi Retail Services Launch New Co-brand Mastercard

The FINANCIAL -- Chicago, IL – July 9, 2018 – L.L.Bean, Citi Retail Services and Mastercard are excited to announce a new co-brand credit card for L.L.Bean customers with an enhanced rewards structure and suite of benefits, available on July 9.

L.L.Bean Mastercard cardmembers now have the opportunity to earn more rewards on everyday purchases, including:

4% on L.L.Bean purchases

2% at gas stations

2% at restaurants

1% on all other purchases

Rewards are earned as “Bean Buck” points and can be used for savings on L.L.Bean purchases online, in-store, or by phone. “Bean Bucks” can be used in any amount and never expire as long as cardmembers continue using their L.L.Bean Mastercard. In addition, cardmembers continue to enjoy exclusive L.L.Bean benefits, including free shipping, free return shipping and free monogramming.

The card has no annual fee and there are no limits on rewards. Customers can apply for the new L.L.Bean Mastercard online, in-store or by calling L.L.Bean.

As part of this new partnership, Citi Retail Services, one of North America’s largest and most experienced retail credit solution providers, has acquired the existing $1.5 billion L.L.Bean co-brand credit card portfolio. Existing cardmembers will be issued new L.L.Bean Mastercard accounts and will be automatically upgraded to the new card’s enhanced value proposition.