The credit cards aim to provide “a modernized credit offering across channels.”

Financial services company Bread Financial (NYSE: ADS) flagged off today a co-branded credit card program with Victoria’s Secret, the world’s largest retailer of intimate garments. The two organizations also renewed their three-decade long brand partnership. (BusinessWire)

“People are looking for payment methods and rewards that match their individual interests and daily lives,” said John Levitsky, executive vice president, Mastercard (NYSE: MA). “Working with Bread Financial and Victoria’s Secret, we’re bringing Victoria’s Secret shoppers compelling card products with rewards in categories most meaningful to them, both in-store and online.”

Victoria’s Secret Mastercard

The Victoria’s Secret Mastercard utilizes tap-to-pay technology, is compatible with all digital wallets and offers increased anti-fraud security.

In addition, a lucrative rewards scheme applies. Upon making a minimum purchase, eligible cardmembers will receive 5% back in rewards on Victoria’s Secret and PINK purchases (Gold tier cardmembers will receive 7.5% back in rewards), 2% back in rewards for specific bonus categories including travel, dining and streaming services, and 1% back in rewards for all other purchases outside of Victoria’s Secret.

“Our renewed agreement expands our product suite to include a co-brand card with Mastercard, enabling us to offer our award-winning credit and loyalty products to Victoria’s Secret customers, driving customer value and continuing our commitment to expansive innovation,” said Val Greer, EVP and chief commercial officer, Bread Financial.

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