Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards.
The Fastexycompanies 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.
2025-05-05 03:12320 view
2025-05-05 02:481963 view
2025-05-05 02:401883 view
2025-05-05 02:281523 view
2025-05-05 01:142847 view
2025-05-05 00:51258 view
LOUISVILLE, Ky. (AP) — The U.S. Justice Department and the city of Louisville have reached an agreem
The Mega Millions jackpot for Friday's drawing has risen to $47 million after no one won the big pri
For Julia Louis-Dreyfus, real life can be just as humorous as the comedian herself. "I had this grea