Current：Home > StocksWalmart ends credit card partnership with Capital One, but shoppers can still use their cards -GrowthProspect
Walmart ends credit card partnership with Capital One, but shoppers can still use their cards
View
Date：2025-04-13 18:18:16
Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards.
The companies announced the change in a joint statement Friday.
The companies said card-holders can still use their Capital One Walmart Rewards cards, which will continue to accrue rewards unless customers are notified of a change. Capital One will retain ownership and servicing of the credit card accounts.
Bentonville, Arkansas-based Walmart partnered with Capital One in 2019 after ending its previous credit card deal with Synchrony Financial.
But Walmart eventually soured on Capital One. In 2023, Walmart sued the McLean, Virginia-based company, saying it wanted to terminate the agreement because Capital One was taking too long to process payments and mail replacement cards. A federal judge ruled in Walmart’s favor in March.
In a government filing Friday, Capital One said there are approximately $8.5 billion in loans in the existing Walmart credit card portfolio.
It’s not yet clear when Walmart might name a new banking partner. The Associated Press sent an email message seeking comment to Walmart on Saturday.
veryGood！ (2148)
Related
- Rylee Arnold Shares a Long
- Patchwork international regulations govern cargo ships like the one that toppled Baltimore bridge
- There are ways to protect bridges from ships hitting them. An expert explains how.
- Mississippi Senate passes trimmed Medicaid expansion and sends bill back to the House
- Buckingham Palace staff under investigation for 'bar brawl'
- Hijab wearing players in women’s NCAA Tournament hope to inspire others
- What's next for NC State big man DJ Burns? Coach sees him as contestant on 'Dancing with the Stars'
- What are the IRS tax brackets? What are the new federal tax brackets for 2023? Answers here
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Massachusetts joins with NCAA, sports teams to tackle gambling among young people
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- YMcoin Exchange Obtains U.S. MSB License
- There are ways to protect bridges from ships hitting them. An expert explains how.
- Man who allegedly punched NYC woman in the face arrested after viral TikTok video
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- On last day of Georgia legislative session, bills must pass or die
- Older Florida couple found slain in their home; police believe killer stole their car
- Solar eclipse warnings pile up: Watch out for danger in the sky, on the ground on April 8
Recommendation
Small twin
Traffic deaths rise in U.S. cities despite billions spent to make streets safer
Hijab wearing players in women’s NCAA Tournament hope to inspire others
Sam Bankman-Fried sentenced to 25 years in prison for his role in collapse of FTX crypto exchange
Federal hiring is about to get the Trump treatment
Georgia joins states seeking parental permission before children join social media
Remote workers who return to the office may be getting pay raises, as salaries rise 38%
Easter is March 31 this year. Here’s why many Christians will wake up before sunrise to celebrate