Synchrony Financial and the Walmart-backed firm OnePay announced the new Mastercard on Monday, June 9. The move comes after Walmart ended its previous credit card partnership with Capital One ...

Walmart had leaned on Capital One as exclusive provider of its credit card since 2018, but sued the bank in 2023 so that it could exit the relationship.

Monday's partnership marks Walmart's return to Synchrony, which issued Walmart's store-branded credit cards until 2018, but lost the contract to Capital One the following year.

A federal judge reportedly agreed with Walmart. Capital One had been the exclusive issuer of Walmart credit cards and the companies introduced a program in 2019.