OnePay and Synchrony to Launch New Walmart Credit Card
🔃 Update: More details revealed at r/creditcards. Rewards on these cards will be earned as Spark Rewards and are the equivalent to Sam’s Cash or Walmart Cash. They can be redeemed at either brand.
While not official, names are expected to be:
- Spark Rewards Credit Card
- Spark Rewards World Mastercard
- Spark Rewards+ Credit Card
- Spark Rewards+ World Elite Mastercard
Rewards cards:
- 3x on Walmart and Sam’s Club Private Label Brands When Using One Pay, Walmart Pay, Scan and Go, or Shopping on Walmart or Sam’s Club app
- 1.5x on all other Walmart and Sam’s Club Purchases (includes Gas)
- Access to Sam’s Club Gas Station
- 1.5x on Dining
- 1x on all other purchases
- Annual Fee: $0
Rewards+ cards:
- 5x on Walmart and Sam’s Club Private Label Brands When Using One Pay, Walmart Pay, Scan and Go, or Shopping on Walmart or Sam’s Club app
- 3x on all other Walmart and Sam’s Club Purchases (includes Gas)
- Access to Sam’s Club Gas Station
- 5x on BK purchases (LTO)
- 3x on Dining
- 2x on all other purchases
- Includes Walmart+ and Sam’s Club Plus Membership
- Annual Fee: $149
OnePay today announced a strategic partnership with Synchrony to exclusively launch a new credit card program with Walmart. The credit card program is expected to launch this fall, with the experience embedded inside the OnePay app and powered by Mastercard’s global payments network, and will be made available to millions of Walmart customers and to consumers across the U.S.
OnePay is a consumer fintech backed by Walmart and Ribbit Capital currently offering a suite of banking, credit, and payments products such as cashback debit, high-yield savings, installment loans, a digital wallet, and domestic and international peer-to-peer payments. In partnering with Synchrony and Mastercard, OnePay will add credit cards to its growing portfolio as part of its vision to help people save, spend, borrow, and grow their money with a simplified way to holistically manage their financial lives.
As part of the program, OnePay and Synchrony will introduce both a general-purpose card, and a private label card which will be exclusively for Walmart purchases. The credit card functionality will be embedded inside the OnePay app.
Walmart has been offering its credit cards through Capital One since 2018, but sued the bank in 2023 and ended the relationship years ahead of schedule. Interestiungly, Synchrony was the Walmart credit card issuer for many years before that, and that relationship also ended with a lawsuit.
