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Will new cash-back cards deliver healthy returns for Walgreens?

August 18, 2021

Walgreens announced on Monday the launch of its new myWalgreens Credit Card program, which features two “industry-first retail health and wellness credit cards.”

The two cards — a myWalgreens Mastercard and a private label myWalgreens option — provide cash-back rewards at the drugstore’s 9,000 stores, on its website and via its mobile app and can be used wherever Mastercard is accepted. Cash-back rewards are not the sole story, however, as the card has been designed to provide specific benefits for cardholders making purchases and engaging in activities that benefit their health.

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