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Synchrony Financial to once again issue Walmart's credit card
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Synchrony Financial to once again issue Walmart's credit card
Jun 9, 2025 7:49 AM

June 9 (Reuters) - Walmart ( WMT ) has once again

partnered with Synchrony Financial ( SYF ) to issue the retail

giant's credit card, the consumer financial services company

said on Monday.

The card will be integrated into Walmart's ( WMT ) OnePay app and

operate on Mastercard's ( MA ) global network. The card,

expected to be launched this fall season, will provide users

with access to the retail giant's wide-ranging in-store and

online ecosystem.

Retailers are increasingly collaborating with lenders to

provide consumers with a wider range of payment choices.

Besides the general-purpose credit card that can be used

anywhere MasterCard ( MA ) is accepted, OnePay and Synchrony will also

launch a private label card that will be limited to purchases at

Walmart ( WMT ).

Synchrony previously issued Walmart's ( WMT ) cards, but the

retailer ended the two-decade-long partnership in 2018, handing

over the issuance of its store-branded credit cards to Capital

One the following year.

However, Walmart ( WMT ) ended its credit card partnership with

Capital One last year, citing delays in updating transactions to

cardholders' accounts and slow replacement of lost cards.

Over the years, Walmart ( WMT ) has explored various credit

partnerships and also partnered with Klarna for installment

lending earlier in 2025.

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