Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards.
The Coxnocompanies 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.
2025-04-30 20:25577 view
2025-04-30 20:24699 view
2025-04-30 19:391528 view
2025-04-30 18:262890 view
2025-04-30 18:05640 view
2025-04-30 17:531597 view
Meta says most issues have been resolved after apps like Instagram, Facebook and Threads were experi
Maren Morris has a personal Pride month message for her fans. While celebrating the latest stop on h
The camera flashes may make it look like a dream, but Jason Kelce isn't necessarily sure he's the lu