Gap Inc. /zigman2/quotes/206554267/composite GPS +3.19% said Tuesday that it has signed long-term credit card agreements with Barclays PLC /zigman2/quotes/208409333/delayed UK:BARC +0.75% [s:bcs], which will exclusively issue Gap Inc. cards, and Mastercard Inc. /zigman2/quotes/207581792/composite MA +0.33% , which will issue co-branded cards across the namesake, Banana Republic, Old Navy and Athleta brands. Barclays will begin issuing cards in May 2022. The credit card program is a key component of Gap's growth strategy and new rewards programs, the apparel retailer said. Synchrony Financial /zigman2/quotes/203661733/composite SYF +0.78% announced earlier on Tuesday that it will not renew its partnership with Gap. Shares of Gap fell 2.6% in early Tuesday trading, but have rallied 58% for the year to date. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.19% is up 9.9% for 2021 so far.