08:44 AM EDT, 06/12/2024 (MT Newswires) -- Bread Financial Holdings ( BFH ) said Wednesday it has signed a multi-payments product agreement with Saks Fifth Avenue for a dual credit card program, starting in August.

Saks' current Saks World Elite Mastercard and the Saks credit card will be issued and supported by Bread Financial's ( BFH ) Comenity Capital Bank unit, Bread Financial ( BFH ) said.

Saks Fifth Avenue will use Bread Financial's ( BFH ) Enhanced Digital Suite to offer tailored messages for new account acquisitions and client awareness, according to the company.

Additionally, the financial services firm said it signed a definitive deal to transition the current Saks Fifth Avenue credit card portfolio from another issuer, with the transaction expected to close in Q3.

Financial terms weren't disclosed.