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  <xs:element id="bfh_CreditScoreFrom651OrHigherMember" abstract="true" name="CreditScoreFrom651OrHigherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="bfh_CreditScoreFrom590OrLessMember" abstract="true" name="CreditScoreFrom590OrLessMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_NoScoreMember" abstract="true" name="NoScoreMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_CreditCardLoansMember" abstract="true" name="CreditCardLoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_FinancialAsset31To60DaysOrGreaterPastDueMember" abstract="true" name="FinancialAsset31To60DaysOrGreaterPastDueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_FinancialAsset61To90DaysOrGreaterPastDueMember" abstract="true" name="FinancialAsset61To90DaysOrGreaterPastDueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_FinancialAsset91DaysOrGreaterPastDueMember" abstract="true" name="FinancialAsset91DaysOrGreaterPastDueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_ConsumerCreditCardFinancingReceivableThatSubsequentlyDefaultedMember" abstract="true" name="ConsumerCreditCardFinancingReceivableThatSubsequentlyDefaultedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_LoanModificationsNumberOfContracts" abstract="false" name="LoanModificationsNumberOfContracts" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="bfh_AllowanceForLoanLossPaymentsAllocatedToFuturePurchaseActivity" abstract="false" name="AllowanceForLoanLossPaymentsAllocatedToFuturePurchaseActivity" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_PortfolioReserveRates" abstract="false" name="PortfolioReserveRates" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="bfh_SecuritizedCreditCardReceivablesInterestRequirement" abstract="false" name="SecuritizedCreditCardReceivablesInterestRequirement" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="bfh_EquityMethodAndOtherInvestments" abstract="false" name="EquityMethodAndOtherInvestments" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="bfh_TypeOfDepositDomain" abstract="true" name="TypeOfDepositDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="bfh_WholesaleDepositsMember" abstract="true" name="WholesaleDepositsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_CardholderCreditBalancesMember" abstract="true" name="CardholderCreditBalancesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_TimeDepositMaturitiesAfterYearFour" abstract="false" name="TimeDepositMaturitiesAfterYearFour" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_TimeDepositsUnamortizedDebtDiscount" abstract="false" name="TimeDepositsUnamortizedDebtDiscount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_TimeDepositsAtOrAboveFDICInsuranceLimitOfTotalDeposits" abstract="false" name="TimeDepositsAtOrAboveFDICInsuranceLimitOfTotalDeposits" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="bfh_IncomeFromPaymentProtectionProducts" abstract="false" name="IncomeFromPaymentProtectionProducts" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_IncomeFromPaperStatementFees" abstract="false" name="IncomeFromPaperStatementFees" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_OtherSundryNoninterestIncome" abstract="false" name="OtherSundryNoninterestIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_OtherNoninterestExpensesAbstract" abstract="true" name="OtherNoninterestExpensesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="bfh_DebtRepurchases" abstract="false" name="DebtRepurchases" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_OtherSundryNoninterestExpense" abstract="false" name="OtherSundryNoninterestExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_FinancingReceivableAfterAllowanceForCreditLossFairValueDisclosure" abstract="false" name="FinancingReceivableAfterAllowanceForCreditLossFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_NonRecourseBorrowingsOfConsolidatedSecuritizationEntitiesFairValueDisclosure" abstract="false" name="NonRecourseBorrowingsOfConsolidatedSecuritizationEntitiesFairValueDisclosure" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_FinancialAssetsWithoutReadilyDeterminableFairValueAmount" abstract="false" name="FinancialAssetsWithoutReadilyDeterminableFairValueAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_FinancialLiabilitiesWithoutReadilyDeterminableFairValueAmount" abstract="false" name="FinancialLiabilitiesWithoutReadilyDeterminableFairValueAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_ServiceBasedRestrictedStockUnitAwardsMember" abstract="true" name="ServiceBasedRestrictedStockUnitAwardsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_PerformanceBasedRestrictedStockUnitAwardsMember" abstract="true" name="PerformanceBasedRestrictedStockUnitAwardsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPercentageVesting" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPercentageVesting" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="bfh_TreasuryStockValueAcquiredCostMethodExcludingExciseTax" abstract="false" name="TreasuryStockValueAcquiredCostMethodExcludingExciseTax" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_A4250ConvertibleSeniorNotesDue2028Member" abstract="true" name="A4250ConvertibleSeniorNotesDue2028Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_TerminationOfCappedCallTransactionsValue" abstract="false" name="TerminationOfCappedCallTransactionsValue" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="bfh_O2026Q3PreferredDividendsMember" abstract="true" name="O2026Q3PreferredDividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_O2026Q3CommonDividendsMember" abstract="true" name="O2026Q3CommonDividendsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_CombinedBanksMember" abstract="true" name="CombinedBanksMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_ComenityBankMember" abstract="true" name="ComenityBankMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_ComenityCapitalBankMember" abstract="true" name="ComenityCapitalBankMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="bfh_RegulatoryMattersAbstract" abstract="true" name="RegulatoryMattersAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="bfh_CommonEquityTierOneCapitalRequiredForCapitalAdequacyToRiskWeightedAssets" abstract="false" name="CommonEquityTierOneCapitalRequiredForCapitalAdequacyToRiskWeightedAssets" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="bfh_CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" abstract="false" name="CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="bfh_Tier1LeverageCapitalRatioAbstract" abstract="true" name="Tier1LeverageCapitalRatioAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
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  <xs:element id="bfh_LoyaltyOneCo.V.BreadFinancialHoldingsInc.EtAlMember" abstract="true" name="LoyaltyOneCo.V.BreadFinancialHoldingsInc.EtAlMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
</xs:schema>
