Barclaycard on Tuesday became the latest credit card lender to benefit from Bank of America Corp.'s crash diet, by scooping up a $1.3 billion SLM Corp. or Sallie Mae card portfolio.

The deal announced Tuesday mostly includes assets owned by BofA, with a smaller portfolio that Barclaycard bought directly from student loan giant SLM Corp. None of the parties would disclose the terms or specifics of the deals.

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