BJ’s selects Capital One for its new loyalty program

BJ’s Wholesale Club has selected Capital One Financial as the issuer of the wholesaler’s co-branded Mastercard, which is set to launch early 2023, Capital One said in a statement on Wednesday.

“When we can deliver incredible value with a partner who is the absolute best at what they do, our members win,” said Bill Werner, EVP of strategy and development at BJ’s Wholesale Club, in a statement.

With the new BJ’s Mastercard program, Capital One will acquire the existing portfolio of BJ’s credit card accounts, which will continue to run exclusively on the Mastercard network. Details regarding the transition will come in the next few months for current BJ cardmembers, Capital One said. 

“We’ve been proud to bring the power of our network to support BJ’s Mastercard cardmembers since 2014,” said Bunita Sawhney, EVP of U.S. Financial Institutions at Mastercard. “With the addition of Capital One as the exclusive issuing partner for this program, we will be able to further deliver industry-leading everyday rewards and benefits to BJ’s members.”

BJ’s Wholesale Club recently moved its headquarters to its new Club Support Center located at 350 Campus Drive in Marlborough, Massachusetts.

The new location is just a few minutes from its previous headquarters in Westborough, and local media reported that BJ’s Wholesale Club Holdings Inc. requested and received a tax increment financing deal from its new host city to make the move.

BJ’s Wholesale Club operates 231 stores across 18 states.