Capital One and T-Mobile Launch New Credit Card Partnership

Capital One and T-Mobile today announced the T-Mobile Visa, a new co-brand credit card exclusively available to T-Mobile customers¹. The T-Mobile Visa will give cardholders a compelling new way to experience even more value from T-Mobile and turn purchases into T-Mobile Rewards that cardholders can use towards new phones, accessories, and even their T-Mobile wireless bill. Starting today, eligible T-Mobile customers can apply for the T-Mobile Visa through T-Mobile’s T-Life app, the T-Mobile and Capital One websites, or at T-Mobile retail locations starting Nov. 10.

The T-Mobile Visa unites Capital One and T-Mobile in their shared commitments to give customers straightforward, easy to use products while relentlessly delivering great value. The two companies unveiled the new card in a video announcement today. 

Earning rewards with the T-Mobile Visa is easy, with cardholders getting T-Mobile Rewards on every purchase and more money back in their pockets–all with no annual fee². Primary cardholders as well as authorized users earn 2% in T-Mobile Rewards³ everywhere they spend, every day, and 5% on any phone, device, or accessory purchased at T-Mobile⁴. And, T-Mobile Visa cardholders can redeem their T-Mobile Rewards towards a new phone, device, accessory, or their T-Mobile bill⁵.

"Capital One has a long track record of successful partnerships with some of the most loved, well-known brands in the US to deliver credit card programs that deepen customer engagement,” said Ralph Haro, Senior Vice President, Head of Card Partnerships at Capital One. “Our significant investments in technology, and our expertise in lending across the credit spectrum, allowed us to collaborate with T-Mobile to design a credit card program that could grow and scale over time. We’re incredibly excited to launch the T-Mobile Visa and introduce completely new benefits and value customized for T-Mobile customers.”

In addition to earning 2% in T-Mobile rewards on every purchase³, T-Mobile Visa cardholders gain even more exclusive perks from T-Mobile:

• $5 off per line for up to eight lines, every month, when cardholders with eligible plans use the T-Mobile Visa for AutoPay⁶ on their wireless bill.

• Up to 50% off select hotels and up to 45% off select Pay Now rental cars booked through T-Mobile Travel.

• Savings on gas with Shell Fuel Rewards — For a limited time, T-Mobile Visa cardholders can save a whopping 25 cents off per gallon up to 20 gallons on Tuesdays through Dec. 23.  

"At T-Mobile, we’re constantly looking for new ways to unlock more value for our customers—and the T-Mobile Visa does exactly that,” said André Almeida, President of Growth and Emerging Businesses, T-Mobile. “In partnership with Capital One, we’ve created a scalable rewards platform that turns everyday spending into meaningful savings on the products and services our customers rely on. Capital One brings security, service, and expertise like no other bank, while the Un-carrier delivers unique rewards and wireless benefits that make the T-Mobile Visa stand out."

Capital One’s innovative credit card technology backs the T-Mobile Visa, giving customers powerful digital tools and peace of mind when using their cards and protecting their accounts. The T-Mobile Visa comes with built-in Virtual Card Number technology, contactless chips, seamless integration into digital wallets, fraud protection, and the ability to lock and unlock cards in the award-winning Capital One Mobile App.

The T-Mobile Visa joins Capital One’s existing portfolio of branded consumer and business credit cards, as well as co-brand consumer cards issued for some of the most loved, well-known brands in the US. Learn more about the T-Mobile Visa and apply through T-Mobile’s T-Life app, the T-Mobile and Capital One websites, or at T-Mobile retail locations starting Nov. 10.

About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company which, along with its subsidiaries, had $468.8 billion in deposits and $661.9 billion in total assets as of September 30, 2025. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches and Cafés located primarily in New York, Louisiana, Texas, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.

About T-Mobile US, Inc.
As the supercharged Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is powered by an award-winning 5G network that connects more people, in more places, than ever before. With T-Mobile’s unique value proposition of best network, best value and best experiences, the Un-carrier is redefining connectivity and fueling competition while continuing to drive the next wave of innovation in wireless and beyond. Headquartered in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile. For more information, visit https://www.t-mobile.com. 

Media Contacts:  
T-Mobile US, Inc. Media Relations  
MediaRelations@t-mobile.com   

MacKenzie Reynolds, Capital One
mackenzie.reynolds@capitalone.com 

₁To be eligible to apply for the T-Mobile Visa Card, you must be an active T-Mobile consumer postpaid wireless customer with at least one active line on an eligible smartphone plan. You can sign up for an account at T-Mobile.com. You must also reside within the 50 United States, Washington D.C., Puerto Rico, or a U.S. military location. T-Mobile For Business (including micro-TFB and sole proprietor), Government and Prepaid customers do not qualify for this card. Eligibility criteria are subject to change.

₂ No annual fee disclosure - Purchase APR: 18.99% or 28.99%, variable APR based on your creditworthiness. Cash Advance APR: 28.99% variable. Variable APRs as of 11/1/2025. Cash Advance Fee: greater of 5% of advance amount or $5. Balance Transfer Fee: greater of 3% of the amount transferred or $3. Penalty Fees Late Payment: up to $40.

₃ T-Mobile Visa cardholders earn 2% back in T-Mobile Rewards on all other net purchases (purchases minus any credits or returns) using their T-Mobile Visa anywhere else Visa is accepted.

₄ T-Mobile Visa cardholders earn 5% back in T-Mobile Rewards on net Qualifying Purchases (purchases minus any credits or returns) made online at T-Mobile.com and in the T-Life app, and at T-Mobile stores and Authorized Retailers (https://www.t-mobile.com/stores/locator). Qualifying Purchases include phones, devices, and accessories. Cash advances and balance transfers are not considered purchases and will not earn T-Mobile Rewards. Qualifying Purchases exclude payments for device equipment installment plan (EIP), wireless service, fees, and prepaid wireless service, T-Mobile for Business, and other services. You may not accrue enhanced earning on purchases made using 3rd party digital wallets.

₅ When redeeming T-Mobile Rewards, your T-Mobile Visa must be used to pay any portion of the transaction not covered by T-Mobile Rewards. T-Mobile Rewards may not be redeemed for backorder purchases. Redemptions may not be available when using 3rd party digital wallets. See your Rewards Terms and Conditions for more details.

₆ Requires enrollment in Wireless AutoPay using your T-Mobile Visa on an eligible post-paid wireless plan. Discount will appear on wireless statements starting the next billing cycle after enrollment. Customers who are currently receiving the AutoPay discount via other qualifying methods will not receive additional discounts for re-enrolling using the card. For more information on AutoPay discount eligibility, please visit t-mobile.com/cards/visa-credit-rewards/faqs.

The T-Mobile Visa credit card and services are offered by Capital One, N.A., pursuant to a license from Visa.

Visa is a registered trademark of Visa International Service Association.