Walmart, Capital One End Credit-Card Deal in Wake of Lawsuit (2)

Capital One Financial Group will no longer be the exclusive issuer of Walmart Inc. credit cards after the retailer succeeded in a lawsuit regarding the relationship earlier this year.

Customers can continue earning and redeeming card rewards for now, and existing rewards won’t be lost, the two companies said in a joint statement Friday. The cards will also remain functional.

“The parties determined that the best path forward for our customers is to end the current partnership and convert existing eligible Walmart Card customers to one of Capital One’s flagship branded rewards products,” a Capital One spokesperson said in a ...