Capital One Financial Corporation completed the acquisition of the Portfolio of BJ's Credit Card Accounts from BJ's Wholesale Club Holdings, Inc. (NYSE:BJ).
March 30, 2023
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Capital One Financial Corporation (NYSE:COF) entered into an agreement to acquire the Portfolio of BJ's Credit Card Accounts from BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) on October 12, 2022. In a related transaction BJ's Wholesale Club and Capital One Financial. have entered into a strategic program agreement for Capital One to become the exclusive issuing partner for BJ's co-brand Mastercard® program. The new program is expected to launch in early 2023. As on February 8, 2023, BJ's Wholesale Club BJ launched its new credit card program with Capital One and Mastercard, officially named the BJ's One™ Mastercard® program.
Capital One Financial Corporation (NYSE:COF) completed the acquisition of the Portfolio of BJ's Credit Card Accounts from BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) in the 1st Quarter, 2023.
BJâs Wholesale Club Holdings, Inc. is an operator of membership warehouse clubs concentrated primarily on the eastern half of the United States. It provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials and gas. In addition, it offers technology, home decor, apparel, seasonal items. It groups its merchandise offerings into two divisions: grocery and general merchandise and services. Grocery consists of its meat, produce, dairy, bakery, deli and frozen products, packaged foods, beverages, detergents, disinfectants, paper products, beauty care, adult and baby care and pet foods. General merchandise and services consist of electronics, apparel, seasonal goods, small appliances, televisions, optical, tires, and gift cards. It also offers specialty services, such as full-service optical centers, tire installation services, a propane tank filling service, and others. It operates about 244 clubs and 175 BJ's Gas locations in 20 states.
Capital One Financial Corporation completed the acquisition of the Portfolio of BJ's Credit Card Accounts from BJ's Wholesale Club Holdings, Inc. (NYSE: BJ).
BJ'S WHOLESALE CLUB HOLDINGS, INC. 
