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Walmart ends exclusive deal with Capital One for retailer's credit card

USA Today

Walmart has ended its agreement with Capital One Financial, which had been the exclusive issuer of the retailer’s consumer credit cards.

The ending of the partnership doesn’t affect current cardholders, the companies announced Friday. Those who hold Capital One Walmart Rewards Mastercards and Walmart Rewards Cards can keep using the cards and will continue to earn and redeem rewards – and already accrued rewards will keep their value, the companies said.

“The parties determined that the best path forward for our customers is to end the current partnership and convert existing eligible Walmart Card customers to one of Capital One’s flagship branded rewards products,” Capital One said in a statement to USA TODAY.

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