Update 7/15/24: Letters have gone out informing cardholders will be converted to the Capital One Quicksilver (not sure if some cardholders are being offered other cards). We still don’t know who will issue the new Walmart card.
Capital One & Walmart have announced that their cobranded credit card partnership is ending. Capital One & Walmart launched two cards in 2019 and then Walmart sued Capital One in 2023 to exit the partnership, a judge ruled that Walmart could end the partnership early due to repeated customer service failures by Capital One.
Based on the statement released by both companies existing Capital One Walmart cardholders will be able to continue to use their cards and will eventually be product changed to another Capital One product. This means that whoever is going to be the new issuer of Walmart credit cards has not purchased the back book from Capital One (or Capital One didn’t want to sell it). So far no word on who will issue a new Walmart credit card.
Received my conversion letter for the store card. Can confirm it will be converted to Quicksilver Mastercard. Rewards change on 10/30, but the new card will arrive at a later date. In the interim, the card will still only be able to be used at Walmart.
Don’t need a second Quicksilver, so I’ll sock drawer one of them.
I have spoken with capital one about the card, it appears that all walmart cards will be converted to quicksilver, which should have the world elite level and world elite concierge. I hope this helps.
Is there any kind of intro offer? Or is it just a card I’ll never use
why should i have to open a new credit line and add to my 5/24 to keep a walmart card?
Not a betting man but I’d wager a dollar that new Walmart “partner” will be One (one.app), the fintech majority-owned by Walmart. One already provides BNPL service to WM, 3% CB on WM purchases, etc. Their brand color is even WM blue.
I’ve had this card for 3 years, and stuck at a 2.5k limit. Received my letter yesterday. My statement just closed, so I’ll make my payment and close it.
I have a QS and SO. I don’t need another worthless Cap One card. Not worth the time to see if I can combine the limit into the QS or SO. Their limits are fine for the use and purpose.
i don’t want another Cap One in my wallet. It’s bad enough my Discover may be under Cap One control. That’s if the sale is approved.
Since Quicksilver will most likely Not give me 5% Cashback for shopping online at Walmart I will not be using it. Time to go back to VGC and MCGC for my Walmart shopping.
What will happen with my credit card I only have the Walmart store credit card from Capital One
It is not MasterCard I can only use it to buy in store what will happen to this credit card?
I got this store credit card because they did not approve me for the MasterCard so they offered me the store card from Capital One
Due to the uniqueness of the situation, you might get upgraded to the Mastercard. Fingers crossed for ya.
I already have a quicksilver card. It would be nice if they would let me have a different one.
Ditto. Will they give us a second Quicksilver, or a Savor One (if we don’t have one already)?
You can change the new one or your old one to something else by clicking the “upgrade” button on the website.
Bilt and WF are taking notes
please no WF