John Miller, Credit Cards Moderator
@john_miller
Walmart stopped using Synchrony Bank because they were unhappy with how Synchrony handled the credit card program, particularly regarding how credit was given to customers. Walmart felt that Synchrony's credit policies exposed them to too much risk, and they weren't in agreement with how Synchrony was managing the partnership.
As a result, Walmart ended the relationship with Synchrony in 2019, and a new partnership was formed with Capital One. Unfortunately, the relationship between Walmart and Capital One also ended earlier this year. It is unclear at the moment who Walmart will next partner with, but for the moment, existing Walmart credit card owners may continue to use their cards and earn rewards for purchases.
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People also ask
Is Walmart connected to Synchrony Bank?
No, Walmart is no longer connected to Synchrony Bank. The Walmart credit cards were issued by Synchrony in the past, but the partnership between the two ended in 2019, following a lawsuit. Now, both Walmart credit cards are issued by Capital One.
The Capital One Walmart Rewards® Mastercard® * can be used everywhere Mastercard is accepted, while the Walmart® Store Card * works at certain locations, including Walmart, Sam’s Club stores and Murphy USA gas stations. Both cards offer 1 - 5% cash back back on purchases and have a...
read full answer by John Miller, Credit Cards ModeratorIs the Walmart credit card from Synchrony Bank?
No, the Walmart Credit Card * is not issued by Synchrony Bank. Both of Walmart’s credit cards, the Capital One Walmart Rewards® Mastercard® * and the Walmart® Store Card *, are issued by Capital One.
Synchrony Bank previously issued the Walmart cards, but their partnership ended with a lawsuit from Walmart alleging financial hardship, while Synchrony publicly claimed the retailer was attempting to breach their contract and avoid paying fair market price for the credit card accounts. Ultimately, Walmart dropped the lawsuit and moved their...
read full answer by Ryan P Page, Staff WriterDid we answer your question?
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