Walmart announced that Capital One will no longer be the exclusive credit card issuer of its rewards program.
The card, which had no annual fee, had been offered since 2019. While it offered 2% for in-store purchases, it mostly pushed delivery and pick-up orders with a 5% return on those purchases. However, credit card service will continue to be offered by Capital One.
“While Capital One and Walmart have ended their card partnership, nothing changes today for cardholders – cardholders can continue to earn and redeem rewards, and previously accrued rewards will retain their value,” the companies explained in a joint statement. “Until informed otherwise, cardholders can also continue to use their Capital One Walmart Rewards® Card wherever Mastercard is accepted and the Walmart Rewards® Card for purchases at Walmart.”
On its website, Walmart is still offering the option for users to become pre-approved for the card. The Washington Examiner reached out to Walmart for comment.
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Walmart still offers a debit card option with One, which also provides cash-back rewards.
The news comes after U.S. District Judge Katherine Polk Failla in Manhattan ruled on a lawsuit Walmart filed against Capital One regarding the partnership. According to the retailer, Capital One was slow to post transactions to users’ accounts and also to replace lost and stolen cards. Failla ruled in Walmart’s favor, allowing Walmart to end the contract earlier due to “repeated customer service failures.”
