The $10 Billion Tussle Over Walmart’s Credit Cards

The $10 Billion Tussle Over Walmart’s Credit Cards

Synchrony wins back Walmart credit cards (SYF:NYSE)

Synchrony Financial (SYF) stock rose 2.9% in Monday premarket trading after a media report said the company will once again issue Walmart (WMT) credit cards, even as the giant retailer forges further into financial services.

Walmart’s Credit Cards Will Be Issued by Synchrony Again After Pact With OnePay

Walmart Inc.’s credit cards will once again be issued by Synchrony Financial as the world’s largest retailer makes a renewed push into financial services.

Synchrony Financial to once again issue Walmart's credit card

Walmart returns to Synchrony Financial as credit card issuer

Synchrony issued the Walmart credit card for nearly two decades until 2018, when it lost the partnership to Capital One Financial. The latest deal does not include the balances tied to Walmart's existing credit card program.