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Walmart had leaned on Capital One as its exclusive credit card issuer since 2018, but sued to exit the agreement early in 2023, CNBC reported. Capital One later claimed Walmart wanted to end the ...
Walmart had leaned on Capital One as the exclusive provider of its credit cards since 2018, but sued the bank in 2023 so that it could exit the relationship years ahead of schedule. At the time ...
Walmart also will continue to accept its own digital wallet, Walmart Pay, which was launched in 2016. And you can still use most major credit and debit cards when buying something in-store or online.
OnePay will begin offering the cards in the US later this year. Synchrony issued the Walmart credit card for nearly two decades until 2018, when it lost the partnership to Capital One Financial Corp.
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Walmart, however, ended its credit card partnership with Capital One in 2024, citing delays in updating transactions to cardholders' accounts and slow replacement of lost cards.
The Walmart card program had 10 million customers and roughly $8.5 billion in loans outstanding last year, when the partnership with Capital One ended, according to Fitch Ratings.
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