BJ’s Wholesale Club To Move Credit Card Portfolio To Capital One From ADS

Update 10/13/22: This is now confirmed. New cards coming in early 2023.

WSJ is reporting that BJ’s Wholesale Club is moving its credit card portfolio to Capital One. The portfolio is currently managed by Alliance Data Systems Corp (ADS). BJ’s Wholesale Club is suing ADS in Massachusetts Superior Court claiming that it is slowing down the process of transferring existing credit card accounts.

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