Wednesday, May 29, 2024

Walmart ends credit card partnership with Capital One

Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards. 

The companies announced the change in a joint statement Friday.


  1. Treating Walmart's customers like a captive audience wasn't a good idea, and now there will probably be layoffs up and down the org chart at Capital One. They should start with whoever approved slow-walking issues with Walmart accounts.

    1. Two large companies fighting over how the other treats "their" slaves.

  2. A hell of an account to lose. A major screw up and to late to fix.

  3. $8.5B in the portfolio is a hell of a lot of risk if a good percentage goes into default. Guessing Cap1 might be starting to scrutinize new apps a bit more carefully in today's credit environment.

  4. I had $84 on a WaMart gift card the last time Wally World ended a card partnership a decade ago. That was $84 lost. I haven't bothered with a WalMart since. The only people that are going to loose is the customer.


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