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 credit card accounts over to Capital One in 2019.
The Walmart Credit Card is accepted anywhere that Mastercard is accepted and offers rewards for Walmart shopping and other eligible purchases. Specifically, cardholders can earn 1 - 5% cash back on purchases, with the maximum rewards reserved for purchases made in the Walmart App, on Walmart.com, or in person using Walmart Pay for the first 12 months after you’re approved for the card.
To learn more, check out WalletHub’s review of the Walmart credit card.
Please note: The Capital One Walmart Rewards® Mastercard® may no longer be available to new applicants. Information presented on this page may no longer be accurate.
This answer was last updated on 01/09/24 and it was first published on 01/23/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
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.
Is Walmart credit card through Synchrony Bank? ›
Bentonville, Arkansas-based Walmart partnered with Capital One in 2019 after ending its previous credit card deal with Synchrony Financial.
What bank is behind the Walmart credit card? ›
Capital One will retain ownership and servicing of the credit card accounts. Bentonville, Arkansas-based Walmart partnered with Capital One in 2019 after ending its previous credit card deal with Synchrony Financial.
Why did Walmart stop using Synchrony Bank? ›
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.
What credit card is affiliated with Synchrony Bank? ›
Synchrony Bank is one of the largest issuers of co-branded and store-affiliated credit cards with over 100 cards in their lineup. Some of the best credit cards that belong to Synchrony Bank are the Sam's Club® Credit Card, the Lowe's Store Card, and the Amazon Store Card.
Who holds Walmart credit cards? ›
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 . Capital One will retain ownership and servicing of the credit card accounts.
Are there two different Walmart credit cards? ›
One of the major ways they differ is in the bonus categories for rewards and where the cards can be used. The Walmart Mastercard can be used anywhere that Mastercard is accepted, while the Walmart Credit Card can only be used at Walmart stores, Walmart.com, Sam's Club, and Murphy USA gas stations.
Is the Walmart card no longer Capital One? ›
The partnership between Capital One and Walmart® has ended, and we no longer offer the Capital One Walmart Rewards Card or the Walmart Rewards Card. If you have one of these cards, we're excited to welcome you to Quicksilver, and we will continue to provide excellent service as we move forward.
Is Capital One buying out Synchrony Bank? ›
Capital One Financial Corp. said it will buy Synchrony Financial's $9 billion portfolio of loans left over from a partnership with Walmart Inc., following months of acrimonious negotiations.
What is happening with a Walmart credit card? ›
Capital One has shut down applications for the Capital One® Walmart Rewards™ Mastercard®, as well as for the "closed-loop" Walmart Rewards Card that was usable only with the retailer. Existing cardholders will be transitioned to the Capital One Quicksilver Cash Rewards Credit Card, even if they already have that card.
Synchrony Bank ordered to pay more than $3 million to resolve civil enforcement action involving frequent or harassing calls to consumers.
What is the lawsuit against Synchrony Bank? ›
The Action alleges that Synchrony falsely represented that its consistent and disciplined underwriting practices had led to a higher quality loan portfolio than those of its competitors, but that, in truth, Synchrony relaxed its underwriting standards and increasingly offered private-label credit cards to riskier ...
What are the disadvantages of Synchrony Bank? ›
The pros of banking with Synchrony include a top-tier high-yield savings account with a competitive interest rate and easy opening requirements, and a variety of CD terms and types. The cons of banking with Synchrony include no physical locations, no checking accounts, and limited services and products beyond banking.
Is Walmart credit card 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.
What is the new name for Synchrony Bank? ›
*Note: On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank and is part of the Synchrony Financial business (formerly GE Capital Retail Finance).
Who is partnered with Synchrony Bank? ›
Retail Credit Cards and Financing
- Rooms To Go.
- Sam's Club.
- JCPenney.
- Belk.
- QVC.
- Mattress Firm.
- Ashley.
- Lowe's.
Retail Credit Cards and Financing
- Rooms To Go.
- Sam's Club.
- JCPenney.
- Belk.
- QVC.
- Mattress Firm.
- Ashley.
- Lowe's.
If you have a credit card from Synchrony Bank, you can get your free VantageScore credit score based on your TransUnion credit report with monthly updates.
What type of card is Walmart credit card? ›
Capital One Walmart Credit Card
Maintained by Mastercard and launched back in 2019, it comes with a 0% annual fee, making it a cost-effective option for regular Walmart shoppers.
Can I use my Synchrony car care card at Walmart? ›
Yes, you can use your Synchrony credit card at Walmart as long as it is backed by a major credit card network like Visa or Mastercard.
