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On Oct. 11, 2019, Walmart’s massive credit card portfolio is due to transition from Synchrony to Capital One. And for existing Walmart cardholders, this major switch raises a big question: Will changing issuers affect my credit?
The short answer: Probably not, because of credit reporting conventions that issuers follow.
“A transition of account ownership does not typically have a significant impact on a person’s credit history or credit scores if any at all,” Rod Griffin, director of consumer education and awareness at Experian, one of the three big credit bureaus, said via email.