Capital One and T‑Mobile have introduced a co‑branded Visa Signature credit card that carries no annual fee. Cardholders earn 2 % back in T‑Mobile Rewards on all purchases and 5 % on qualifying purchases made through T‑Mobile’s website, app, or stores, with exclusions for device equipment installment plans, wireless service, and prepaid wireless service.
The card offers a $5 monthly discount per line for T‑Mobile customers who set up auto‑pay with the card, providing a direct incentive for customers to maintain their service and use the card for everyday spending.
This partnership marks Capital One’s first co‑branded card since its acquisition of Discover Financial Services and gives the issuer access to T‑Mobile’s 130.9 million total customer connections as of April 2025. The digital‑first experience is managed through the T‑Life app, aligning with Capital One’s technology‑driven strategy.
T‑Mobile joins Verizon and AT&T in offering financial services, positioning the carrier to deepen customer loyalty and reduce churn through integrated rewards and discounts. The card’s travel and entertainment perks include hotel and rental‑car discounts and Shell Fuel Rewards, creating a closed‑loop ecosystem for T‑Mobile customers.
The launch is expected to generate fee and interchange income for Capital One and provide a new revenue stream for T‑Mobile, while also expanding Capital One’s consumer‑card portfolio into the lucrative mobile‑carrier segment.
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