Reported 8 months ago
In 2018, Walmart partnered with Capital One for credit cards, but the exclusive deal fell through in 2023 due to customer service issues. Walmart has since cut ties with Capital One, leaving potential replacements like Synchrony Bank, Barclays, and Coastal Community Bank. Synchrony Bank specializes in retail credit cards, Barclays prioritizes consumer lending, and CCB offers banking services. A dark horse candidate could be Green Dot Corp, known for prepaid cards. Walmart's move away from Capital One could save it up to $500 million in annual fees.
Source: YAHOO