The small business credit card portfolio has about £130m of outstanding balances from 60,000 customers.
The sale affects about 50 staff at the Bank of America subsidiary’s Chester Business Park operation.
Barclays Bank said the portfolio will be integrated into its payment division, Barclaycard.
Barclaycard CEO Valerie Soranno Keating said they are delighted to welcome 60,000 new customers who will benefit from Barclaycard’s deep understanding of commercial payments, built up over the last 34 years.
"Following on from our recently announced intention to purchase the Egg credit card assets, this deal further reflects the growing diversification of our payments business and is priced at a small discount to outstanding balances," Keating said.
