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Stock impact report

Walmart, Capital One end exclusive consumer credit card agreement [Yahoo! Finance]

Synchrony Financial (SYF) 
Last synchrony financial earnings: 4/21 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Walmart and Capital One launched their partnership in 2018 after the retail giant ended its two-decade partnership with Synchrony Financial. Capital One began issuing Walmart-branded credit cards starting in 2019. "While Capital One and Walmart have ended their card partnership, nothing changes today for cardholders – cardholders can continue to earn and redeem rewards, and previously accrued rewards will retain their value," a press release stated. "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," the statement continued. CAPITAL ONE'S PURCHASE OF DISCOVER FACES POLITICAL AND REGULATORY HURDLES The announcement added that Capital One will retain ownership and servicing of the credit card accounts and that additional information will be provided in the coming months to Walmart credit card holders. The existing credit card portfolio repre Show less Read more
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