Jo-Ann Stores, Barclays Announce Jo-Ann Stores MasterCard

Jo-Ann Stores, Inc. is the largest specialty retailer of fabrics and one of the largest specialty retailers of crafts, with over $1.8 billion in annual sales, more than 800 stores and over 20,000 employees. The Jo-Ann Platinum MasterCard will allow customers to earn up to 5% of their purchases toward creative cash(TM) every time they use their card.

Customers earn five points for every $1 spent at Jo-Ann stores or Joann.com and one point per $1 spent on all other purchases with the Jo-Ann Platinum MasterCard. Once a customer earns 1,000 points, she will receive a $10 creative cash(TM) card. For every 500 points earned above 1,000 points, customers will receive an additional $5 in creative cash(TM). After the customer's first purchase or balance transfer, she will receive a $10 creative cash(TM) card to begin saving on purchases. Customers will also be enrolled in Jo-Ann's Preferred Customer program to receive valuable coupons and sale notifications. There is an introductory APR on balance transfers of 0% for the first six billing cycles.

"Barclays is delighted to partner with Jo-Ann Stores to offer the best possible credit card to its valued customers," said Kevin Kleinschmidt, Managing Director, Business Development for Barclays. "We believe this will attract new customers to Jo-Ann Stores, in addition to rewarding the company's existing customers for their loyalty."

"We value our guests and are constantly searching for ways to improve and grow our customer relationships," said Kevin Brown, Senior Vice President of Marketing for Jo-Ann Stores. "Partnering with Barclays offers us an innovative program to inspire and reward creative enthusiasts."

Barclays has more than 40 existing card partnerships with U.S. travel, entertainment, consumer, automotive and educational institutions, including Barnes & Noble, West Marine, USAir, Travelocity, Harvard, UBS and many more.