The move underlines Barclaycard’s strategy to grow its UK lending business with a growing contribution from partnership business and follows previous, similar deals with Sky, Argos and House of Fraser.
The joint venture encompasses Thomas Cook’s 600 UK shops serving approximately 3.5 million customers.
Barclaycard also recently announced that it is re-launching its student credit card. The card is expected to have an annual percentage rate of 14.9%, no fees for going over the limit and a cash rate minimum of GBP2.50.
