Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards.
The Coxno Exchangecompanies 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.
2025-05-04 11:422182 view
2025-05-04 11:311189 view
2025-05-04 10:211082 view
2025-05-04 10:011717 view
2025-05-04 09:582029 view
2025-05-04 09:481707 view
LOS ANGELES (AP) — The California Department of Motor Vehicles has apologized for an “unacceptable a
The number of migrants who crossed the U.S.-Mexico border without authorization in June plummeted to
Zendaya and Tom Holland's latest day date is nothing short of sweet.The pair—who confirmed their rom