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Capital One cardholders, listen up: Major changes have been announced for both the Capital One Walmart Rewards® Mastercard® and the Capital One Savor Cash Rewards Credit Card.
Applications for the Savor have been closed, but current cardholders will keep their cards for now. Meanwhile, the Walmart card has been discontinued altogether and existing cardholders are being transitioned to the Capital One Quicksilver Cash Rewards Credit Card.
Here's what you need to know.
The information for the Capital One Walmart Rewards and Savor Cash Rewards has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Capital One Savor: Applications closed
As of July 16, Capital One is no longer accepting new applications for its Savor Cash Rewards credit card. Existing cardholders can continue as usual, enjoying the same perks and earnings rates at the same $95 annual fee.
if you're an existing cardholder who wants a refresher on what this card is giving you — or a noncardholder who wants to see what you missed out on — check out our full review of the Capital One Savor Cash Rewards.
If you were considering applying for the Savor card, the good news is that its no-annual-fee sibling, the Capital One SavorOne Cash Rewards Credit Card (see rates and fees), has solid earning rates in the same bonus categories as the Savor and is still open to new applicants. You can also check out our list of all the best cash-back cards on the market right now for some other great options.
Related: Capital One Savor vs. Capital One SavorOne
Capital One Walmart card: Discontinued
Meanwhile, both of Capital One's Walmart card offerings — the Capital One Walmart Rewards Mastercard, as well as the "closed-loop" Walmart Rewards Card that was usable only with the retailer — have been discontinued. The ending of Capital One's partnership with Walmart was announced in May, but this is the first we've heard regarding the fate of these two cards.
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Existing cardholders of both cards will be transitioned to the Capital One Quicksilver Cash Rewards Credit Card — even if they already have that card. According to Capital One's website, eligible cardholders will receive their new card on a rolling basis starting in September and continuing throughout early 2025. Walmart cardholders will be able to continue using their Walmart credit cards until further notice.
The issuer says customers will retain any rewards they've earned with the Walmart card. Points will transfer to the Quicksilver cards at a value of one cent per point.
If you've got either of these Walmart cards, you can check out what you're getting with your forthcoming Quicksilver card here.
The information for the Walmart Rewards has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Bottom line
Changes like this aren't unusual in the world of credit cards, especially when a partnership like Capital One and Walmart comes to an end. Still, if you're affected by either of these changes, you'll want to evaluate your card and decide if it still makes sense for your wallet.
If you decide you want a change, you can read more about all of our favorite Capital One offerings here.
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Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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