T-Mobile Taps Capital One for First Credit Card With No Fees

Wireless company T-Mobile US Inc. is teaming up with Capital One Financial Corp. to issue its first credit card, which will feature no annual fees and 2% in T-Mobile rewards on every purchase.

The T-Mobile card will run on Visa Inc.’s payment network, according to a statement. T-Mobile customers will also get $5 off their bills each month when they use the credit card via auto pay.