![]() In the meantime, he said, shoppers can continue to use Walmart-branded credit cards issued by Capital One. But he said that Walmart expects to bring a new credit card program to its customers within the next 12-18 months. Hargrove declined to comment specifically on Capital One's allegation that Walmart is planning to move its credit card program to the fintech joint venture. "We fulfilled our obligations to promote the Walmart credit card as the exclusive consumer credit card program within Walmart-branded channels," he said. "Capital One's claims are false, and we will address them in court," Hargrove said Tuesday. Walmart spokesperson Randy Hargrove denied Capital One's allegations. In response, Capital One is asking a judge to declare that Walmart has no right to terminate the contract early, and to award monetary damages to the McLean, Virginia-based card issuer. "We look forward to partnering with Credit One Bank, one of the fastest growing issuers in the industry, to offer their customers a card with the strongest value, rewards and services of any Credit One Bank credit card," William Stredwick, senior vice president of global network services at American Express, said in a press release."Walmart is positioning itself to compete directly with Capital One to provide credit and payment products to Walmart customers," Capital One said in its court filing.Ĭapital One's allegations came in response to a lawsuit filed by Walmart, which wants a court to rule that it was legally entitled to terminate the credit card contract. However, if you prequalify for the card and want to submit a formal application, your credit will be pulled. Potential applicants can check their approval chances with Credit One's prequalification form, with no harm to your credit score. The annual fee is billed to your account when it is opened. ![]() The APR is currently 28.74% variable and the annual fee is $39. Early access to concert and event tickets from American Express experiences.Discounts from participating merchants with Amex Offers.This credit card offers a variety of perks beyond cash-back rewards. Investing +More All Investing Best IRA Accounts Best Roth IRA Accounts Best Investing Apps Best Free Stock Trading Platforms Best Robo-Advisors Index Funds Mutual Funds ETFs Bonds Help for Low Credit Scores +More All Help for Low Credit Scores Best Credit Cards for Bad Credit Best Personal Loans for Bad Credit Best Debt Consolidation Loans for Bad Credit Personal Loans if You Don't Have Credit Best Credit Cards for Building Credit Personal Loans for 580 Credit Score Lower Personal Loans for 670 Credit Score or Lower Best Mortgages for Bad Credit Best Hardship Loans How to Boost Your Credit Score Taxes +More All Taxes Best Tax Software Best Tax Software for Small Businesses Tax Refunds Small Business +More All Small Business Best Small Business Savings Accounts Best Small Business Checking Accounts Best Credit Cards for Small Business Best Small Business Loans Best Tax Software for Small Business Personal Finance +More All Personal Finance Best Budgeting Apps Best Expense Tracker Apps Best Money Transfer Apps Best Resale Apps and Sites Buy Now Pay Later (BNPL) Apps Best Debt Relief Best Mortgages for Average Credit Score.Best Loans to Refinance Credit Card Debt.
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