NEW YORK (AP) – British banker Barclays is taking over the credit card business for the NFL, pushing out Bank of America with its first sports credit card deal.
But the move has cardholders scrambling to spend reward points before time runs out next month on Bank of America’s “NFL Extra Points” program. Fans have until the end of August. Barclays’ new program begins in September.
Barclays is still setting up its points program and it will have to persuade cardholders to switch over. The bank’s multiyear deal is another blow to Bank of America, which was among the most exposed to bad consumer debt during the economic downturn.
Barclays likely paid the NFL millions of dollars for the rights to market credit cards with logos of the NFL and the league’s 32 teams.
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