Walmart Ends Credit Card Deal with Capital One

Capital One will continue servicing existing Walmart credit cards while Walmart seeks a new banking partner.

Walmart's partnership with Capital One began in 2019 after ending a deal with Synchrony Financial.
The decision follows Walmart's lawsuit against Capital One over delayed payments and replacement cards.
A federal judge ruled in Walmart's favor in March, allowing the retailer to terminate the agreement early.
Capital One retains ownership of the $8.5 billion in loans from the Walmart credit card portfolio.
Customers can still use their Capital One Walmart Rewards cards and earn rewards until further notice.