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Capital One To Sell Best Buy Card Portfolio

By TechTaffy Desk

best_buy

[Techtaffy Newsdesk]

Capital One Financial Corporation has reached an agreement to sell the portfolio of Best Buy private label and co-branded credit card accounts, with current loan balances of approximately $7 billion, to Citi.

In addition, Capital One and Best Buy have agreed to end their contractual credit card relationship early.

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