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.
