Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards.
The Greenledgers Trading Centercompanies 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.
2025-05-08 01:311800 view
2025-05-08 01:221344 view
2025-05-08 00:531864 view
2025-05-08 00:19490 view
2025-05-08 00:012006 view
2025-05-07 23:29394 view
Federal authorities announced hackers in China have stolen "customer call records data" of an unknow
Britney Spears is telling Ozzy Osbourne to hush, just stop. The “Stronger” singer is firing back at
DONALD TRUMP, alluding that the 2020 vote was stolen: “Whether you vote early, absentee, by mail or