MCLEAN, Va.—Capital One has shut down applications for the Capital One Walmart Rewards Mastercard, as well as for the "closed-loop" Walmart Rewards Card that was usable only with the retailer, according to a new report.
Existing cardholders will be transitioned to the Capital One Quicksilver Cash Rewards Credit Card, even if they already have that card, Nerd Wallet reported.
Capital One and Walmart had announced in May 2024 that they were ending their partnership, but the fate of the co-branded Walmart credit cards was unknown at that time, Nerd Wallet said.
New Card Being Sent
Capital One's website notes that it "will be sending eligible customers their new Capital One Quicksilver Mastercard on a rolling basis, so not all customers will receive their card at the same time," the Nerd Wallet report added.
A Capital One spokesperson confirmed to Nerd Wallet that Quicksilver cards will be sent out beginning in September and throughout early 2025.