Capital One and Walmart Announce End of Consumer Card Partnership Agreement

Group 1 - Capital One and Walmart have ended their partnership, which made Capital One the exclusive issuer of Walmart Consumer Credit Cards [1] - Cardholders can continue to earn and redeem rewards, and previously accrued rewards will retain their value [1][2] - Capital One will retain ownership and servicing of the credit card accounts, with additional information to be provided to cardholders in the coming months [2] Group 2 - As of March 31, 2024, Capital One had $351.0 billion in deposits and $481.7 billion in total assets [3] - Capital One is a Fortune 500 company and is included in the S&P 100 index [3] - Walmart had a fiscal year 2024 revenue of $648 billion and employs approximately 2.1 million associates worldwide [4]