You can earn 5% cash back for the first year that you have the card when you use Walmart Pay. Gift cards and travel are also available for rewards redemption.Ĭapital One kicks off the rewards for its Capital One Walmart Rewards Mastercard with an introductory offer.
Introductory 5% cash back rewards for Walmart Pay orders.If you see inaccuracies in our content, please report the mistake via this form. If we have made an error or published misleading information, we will correct or clarify the article. Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards. Our goal is to deliver the most accurate information and the most knowledgeable advice possible in order to help you make smarter buying decisions on tech gear and a wide array of products and services. ZDNET's editorial team writes on behalf of you, our reader. Indeed, we follow strict guidelines that ensure our editorial content is never influenced by advertisers. Neither ZDNET nor the author are compensated for these independent reviews. This helps support our work, but does not affect what we cover or how, and it does not affect the price you pay. When you click through from our site to a retailer and buy a product or service, we may earn affiliate commissions. And we pore over customer reviews to find out what matters to real people who already own and use the products and services we’re assessing.
We gather data from the best available sources, including vendor and retailer listings as well as other relevant and independent reviews sites. Investments in the partnership remain in limbo in the meantime, which is bad for both sides.ZDNET's recommendations are based on many hours of testing, research, and comparison shopping. On the other hand, a lawsuit to terminate hangs over the partnership in the meantime making it more difficult to maximize the value of the deal. The two parties can settle the suit, presumably with Capital One paying more to continue the relationship. The Capital One Walmart card was announced in summer 2019 and went live in September 2019.Ī lawsuit to terminate the deal doesn’t mean that it will be terminated. Word leaked that Walmart was considering dropping Synchrony bank, its partner of 20 years, back in summer 2018. The Capital One – Walmart deal is still relatively new.
While United’s frustrations over having agreed to lower compensation with Chase than rivals were getting spilled into the media in June 2019 United found a lever to renegotiate a longer agreement for more money. It’s unusual for a dispute to make it to the courts, where one co-brand partner files a lawsuit against another. The bank is borrowing the partner’s brand, in order to access their customers, and so there’s language around things like how long it takes customer service to answer the phone. 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.”Ĭo-brand credit card agreements are thick documents that don’t just include language around economic terms. Capital One says they cured the breaches, consistent with the contract, and this is an excuse to squeeze them for more money.
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