Walmart just got rid of a significant way that shoppers can save money

Walmart customers are experiencing a loss of significant money-saving opportunities due to a dispute between the retail giant and Capital One.

In 2019, Capital One became the sole issuer of Walmart's store credit cards , offering five percent cashback on online purchases and two percent on in-person transactions.

However, in May 2024, Walmart ended the partnership , citing Capital One's failure to address card issues promptly, such as replacing lost credit cards and updating the accounts of cardholders.

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Customers were initially allowed to continue using their cards until Capital One announced the replacement with a Quicksilver Mastercard, which does not include Walmart perks, per Daily Mail.

Following a legal battle that ended in Walmart's favor, the Capital One Walmart Rewards Mastercard and Walmart Rewards Card are no longer taking new applications.

Capital One is transitioning existing accounts to the Quicksilver card, valued at approximately $8.5 billion, to continue profiting from cardholders.

Eligible customers can expect to receive the replacement card gradually, with all expected to have it by September or early 2025.

Accumulated points will transfer to the Quicksilver card at one cent per point.

While the Quicksilver card does not offer the same five percent cashback at Walmart, it provides 1.5 percent unlimited cashback.

Walmart currently lacks a native credit card but offers two debit rewards cards for three percent cashback and a reloadable Visa debit card through Green Dot Bank. Future credit card offerings from Walmart have not been disclosed yet.