"ANGEL Mastercard" is not an independent company. It is the name of a co-branded credit card that allows cardholders to earn rewards on purchases made at Victoria's Secret and wherever Mastercard is accepted. The card is part of the Victoria's Secret loyalty program. The financial institution responsible for issuing, underwriting, and managing the card is Comenity Bank, a provider of co-branded and private-label credit card programs. Victoria's Secret is the retail partner.