![]() ![]() Capital One, National Association, 1:23-cv-02942, US District Court, Southern District of New York (Manhattan). “In the meantime, cardholders should not experience any disruptions in service and can continue to use their existing Capital One Walmart credit cards,” the Bentonville, Arkansas-based retailer said in an email. The Chase Sapphire Preferred® Card and the Capital One Venture X Rewards Credit Card are two popular credit cards designed for rewarding those who love to spend on travel. Walmart said it planned to offer a new credit-card option soon. Earn 5 cash back in Walmart stores for the first 12 months when you use your Capital One® Walmart Rewards. “Capital One disputes that Walmart has any right to change the terms of the existing partnership mid-stream, and we will vigorously protect our contractual rights in court.” “These immaterial servicing issues were cured by Capital One pursuant to the terms of the agreement, without harm to customers, the program, or Walmart,” the spokesperson said in an emailed statement. 31 and it produced approximately $214 million in net income after taxes last year, the company said in a filing. Annually, eligible Venture X primary account holders will receive a 300 Capital One Travel credit (Credit) to use toward purchases made through Capital One Travel. Once you qualify for this bonus, we will apply it to your rewards balance. The bank had approximately $8.3 billion in ending outstanding loan balances through the card program as of Dec. You will earn 10,000 bonus miles after your anniversary each year, starting with your first anniversary. “Unfortunately, Capital One was consistently unable to meet the customer-service standards required by the contract,” Walmart’s lawyers said in a lawsuit filed Friday in Manhattan.Ĭapital One failed to meet customer care standards in at least five “critical” categories, including delivering replacement cards to customers within five days and promptly posting transaction and payment information to cardholders’ accounts, according to the lawsuit.Ī Capital One spokesperson said Walmart’s lawsuit “is an attempt to renegotiate the economic terms of the partnership it agreed to just a few years ago, or end the deal early.” ![]() Walmart and Capital One entered into a contract in 2018 that made the bank the sole issuer of the retailer’s private label and co-branded credit cards. Now through November 14, 2024, eligible Capital One Savor, SavorOne, SavorOne Student and Quicksilver Student cardholders will earn 10 cash back on qualifying purchases made through the Uber and Uber Eats apps (or dedicated websites) with their eligible card. ![]() asked a federal court to allow it to end its credit-card partnership with Capital One Financial Corp., saying the bank has failed to meet critical standards for customer care. You can see how many rewards points you’ve racked up and easily redeem them when you sign in to your account online or through the Capital One Mobile app. ![]()
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