Beneficial National Bank USA and BJ's Wholesale Club Inc. may be close to resolving a legal dispute that flared up last month over their cobranded credit card partnership.

The bank filed suit against BJ's on Sept. 19 after yearlong discussions hit a wall. It said it was losing money on a two-year-old MasterCard program that offers rebates to BJ's shoppers, because not enough cardholders were generating finance charges. Last month Beneficial began canceling more than 12,000 of these unprofitable accounts.

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