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diff --git a/assets/images/bankicons/bank-of-america.svg b/assets/images/bankicons/bank-of-america.svg
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diff --git a/assets/images/bankicons/charles-schwab-card.svg b/assets/images/bankicons/charles-schwab-card.svg
deleted file mode 100644
index 39c894042cd3..000000000000
--- a/assets/images/bankicons/charles-schwab-card.svg
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diff --git a/assets/images/bankicons/charles-schwab.svg b/assets/images/bankicons/charles-schwab.svg
index 4ba4ca4f9488..181a668965da 100644
--- a/assets/images/bankicons/charles-schwab.svg
+++ b/assets/images/bankicons/charles-schwab.svg
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diff --git a/assets/images/bankicons/chase-card.svg b/assets/images/bankicons/chase-card.svg
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diff --git a/assets/images/bankicons/chase.svg b/assets/images/bankicons/chase.svg
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diff --git a/assets/images/bankicons/discover.svg b/assets/images/bankicons/discover.svg
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diff --git a/assets/images/bankicons/navy-federal-credit-union.svg b/assets/images/bankicons/navy-federal-credit-union.svg
index 5541daa9f49a..898cd03768f0 100644
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diff --git a/assets/images/bankicons/suntrust-card.svg b/assets/images/bankicons/suntrust-card.svg
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diff --git a/assets/images/bankicons/suntrust.svg b/assets/images/bankicons/suntrust.svg
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+		c0.8,0,1.5,0.4,1.5,1.5v3.1h-1.7v-2.4c0-0.5-0.1-0.9-0.5-0.9c-0.3,0-0.7,0.2-0.7,0.9v2.4h-1.7C25.8,22.9,25.8,18.4,25.8,18.4z
+		 M31,16.7h1.7v3l1.1-1.3h2l-1.6,1.7l1.9,2.8h-2l-0.9-1.6l-0.3,0.4V23H31V16.7L31,16.7z"/>
+</g>
+</svg>
diff --git a/assets/images/bankicons/usaa-card.svg b/assets/images/bankicons/usaa-card.svg
deleted file mode 100644
index bb634f64e658..000000000000
--- a/assets/images/bankicons/usaa-card.svg
+++ /dev/null
@@ -1,40 +0,0 @@
-<?xml version="1.0" encoding="utf-8"?>
-<!-- Generator: Adobe Illustrator 27.3.1, SVG Export Plug-In . SVG Version: 6.00 Build 0)  -->
-<svg version="1.1" id="Layer_1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px"
-	 viewBox="0 0 40 26" style="enable-background:new 0 0 40 26;" xml:space="preserve">
-<style type="text/css">
-	.st0{fill:#1B3359;}
-	.st1{fill:#FFFFFF;}
-</style>
-<rect class="st0" width="40" height="26"/>
-<g id="Calque_4">
-	<g>
-		<path class="st1" d="M12.117,16.315v2.925c0,1.625,1.04,1.885,1.885,1.885c1.235,0,1.82-0.78,1.82-1.885v-2.86h-0.845v2.925
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-			l0.585,1.82H24.792z"/>
-		<path class="st1" d="M12.052,11.05l0.065,1.495c0,0,0.39-0.26,0.78-0.26s0.845,0.26,0.845,0.26l3.64,2.08l0.325-1.3l-3.965-2.275
-			c0,0-0.455-0.26-0.845-0.26C12.507,10.79,12.052,11.05,12.052,11.05"/>
-		<path class="st1" d="M12.052,9.165l0.065,1.495c0,0,0.39-0.26,0.78-0.26s0.845,0.26,0.845,0.26l4.03,2.34l0.325-1.3l-4.355-2.535
-			c0,0-0.455-0.26-0.845-0.26C12.507,8.905,12.052,9.165,12.052,9.165"/>
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-			c0,0-0.455-0.26-0.845-0.26C12.507,6.955,12.052,7.215,12.052,7.215"/>
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-			h-1.365c-0.39,0-0.455,0.325-0.455,0.325l-1.04,3.77l-3.9-2.275c0,0-0.455-0.26-0.845-0.26c-0.455,0-0.845,0.325-0.845,0.325
-			l0.065,1.495c0,0,0.325-0.26,0.78-0.26s0.845,0.26,0.845,0.26l4.81,2.795L19.657,5.005z"/>
-		<path class="st1" d="M20.177,7.085l0.39,1.755l5.005,2.925c0,0,0.455,0.26,0.845,0.26s0.845-0.325,0.845-0.325v-1.43
-			c0,0-0.325,0.26-0.78,0.26s-0.845-0.26-0.845-0.26L20.177,7.085z"/>
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-			c0,0-0.325,0.26-0.78,0.26c-0.455,0-0.845-0.26-0.845-0.26L20.697,9.36z"/>
-		<path class="st1" d="M21.217,11.57l0.39,1.755l3.965,2.34c0,0,0.455,0.26,0.845,0.26s0.845-0.325,0.845-0.325v-1.495
-			c0,0-0.325,0.26-0.78,0.26c-0.455,0-0.845-0.26-0.845-0.26L21.217,11.57z"/>
-	</g>
-</g>
-</svg>
diff --git a/assets/images/bankicons/usaa.svg b/assets/images/bankicons/usaa.svg
index 2552db28eca3..1e137fab626f 100644
--- a/assets/images/bankicons/usaa.svg
+++ b/assets/images/bankicons/usaa.svg
@@ -1,38 +1,36 @@
-<?xml version="1.0" encoding="utf-8"?>
-<!-- Generator: Adobe Illustrator 23.0.3, SVG Export Plug-In . SVG Version: 6.00 Build 0)  -->
-<svg version="1.1" id="Calque_1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px"
-	 viewBox="0 0 40 40" style="enable-background:new 0 0 40 40;" xml:space="preserve">
-<style type="text/css">
-	.st0{fill:#1B3359;}
-	.st1{fill:#FFFFFF;}
-</style>
-<g>
-	<path class="st0" d="M20,40L20,40C9,40,0,31,0,20l0,0C0,9,9,0,20,0l0,0c11,0,20,9,20,20l0,0C40,31,31,40,20,40z"/>
-</g>
-<g id="Calque_4">
-	<g>
-		<path class="st1" d="M7.9,25.1v4.5c0,2.5,1.6,2.9,2.9,2.9c1.9,0,2.8-1.2,2.8-2.9v-4.4h-1.3v4.5c0,0.6-0.2,1.7-1.5,1.6
-			c-1.2,0-1.5-1.1-1.5-1.8v-4.4L7.9,25.1z M18.8,25.4c0,0-0.8-0.4-1.7-0.4c-1.1,0-2.6,0.6-2.6,2.2c0,1.1,0.8,1.6,1.4,1.9
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-			C8.5,16.6,7.8,17,7.8,17"/>
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-			C8.5,10.7,7.8,11.1,7.8,11.1"/>
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-			L20.3,10.9z"/>
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-			L21.1,14.4z"/>
-		<path class="st1" d="M21.9,17.8l0.6,2.7l6.1,3.6c0,0,0.7,0.4,1.3,0.4c0.6,0,1.3-0.5,1.3-0.5v-2.3c0,0-0.5,0.4-1.2,0.4
-			s-1.3-0.4-1.3-0.4L21.9,17.8z"/>
-	</g>
-</g>
-</svg>
+<?xml version="1.0" encoding="utf-8"?>
+<!-- Generator: Adobe Illustrator 27.3.1, SVG Export Plug-In . SVG Version: 6.00 Build 0)  -->
+<svg version="1.1" id="Calque_1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px"
+	 viewBox="0 0 40 40" style="enable-background:new 0 0 40 40;" xml:space="preserve">
+<style type="text/css">
+	.st0{fill:#1B3359;}
+	.st1{fill:#FFFFFF;}
+</style>
+<rect class="st0" width="40" height="40"/>
+<g id="Calque_4">
+	<g>
+		<path class="st1" d="M7.9,25.1v4.5c0,2.5,1.6,2.9,2.9,2.9c1.9,0,2.8-1.2,2.8-2.9v-4.4h-1.3v4.5c0,0.6-0.2,1.7-1.5,1.6
+			c-1.2,0-1.5-1.1-1.5-1.8v-4.4L7.9,25.1z M18.8,25.4c0,0-0.8-0.4-1.7-0.4c-1.1,0-2.6,0.6-2.6,2.2c0,1.1,0.8,1.6,1.4,1.9
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+			c1.4,0,2.5-0.9,2.5-2.2c0-1-0.7-1.5-1.2-1.8c-0.5-0.2-0.7-0.3-1.1-0.5S16,27.5,16,27s0.5-0.9,1.2-0.9c1.1,0,1.5,0.5,1.7,0.6
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+		<path class="st1" d="M7.8,17l0.1,2.3c0,0,0.6-0.4,1.2-0.4s1.3,0.4,1.3,0.4l5.6,3.2l0.5-2L10.4,17c0,0-0.7-0.4-1.3-0.4
+			C8.5,16.6,7.8,17,7.8,17"/>
+		<path class="st1" d="M7.8,14.1l0.1,2.3c0,0,0.6-0.4,1.2-0.4s1.3,0.4,1.3,0.4l6.2,3.6l0.5-2l-6.7-3.9c0,0-0.7-0.4-1.3-0.4
+			C8.5,13.7,7.8,14.1,7.8,14.1"/>
+		<path class="st1" d="M7.8,11.1l0.1,2.3c0,0,0.6-0.4,1.2-0.4s1.3,0.4,1.3,0.4l6.8,3.9l0.5-2l-7.3-4.2c0,0-0.7-0.4-1.3-0.4
+			C8.5,10.7,7.8,11.1,7.8,11.1"/>
+		<path class="st1" d="M19.5,7.7l0.6,2.7l8.5,4.8c0,0,0.7,0.4,1.3,0.4c0.7,0,1.3-0.5,1.3-0.5v-2.2c0,0-0.5,0.4-1.2,0.4
+			s-1.3-0.4-1.3-0.4l-6.6-3.8l-0.5-1.7c0-0.1,0.1-0.1,0.1-0.1L22.8,7C23,7.1,23,7.2,23,7.3l0.1,0.1l0.2-0.1V6.6
+			c0-0.5-0.4-0.8-0.8-0.8l0,0h-1.1c0,0-0.2-0.4-0.6-0.4h-2.1c-0.6,0-0.7,0.5-0.7,0.5l-1.6,5.8l-6-3.5c0,0-0.7-0.4-1.3-0.4
+			c-0.7,0-1.3,0.5-1.3,0.5l0.1,2.3c0,0,0.5-0.4,1.2-0.4s1.3,0.4,1.3,0.4l7.4,4.3L19.5,7.7z"/>
+		<path class="st1" d="M20.3,10.9l0.6,2.7l7.7,4.5c0,0,0.7,0.4,1.3,0.4s1.3-0.5,1.3-0.5v-2.2c0,0-0.5,0.4-1.2,0.4s-1.3-0.4-1.3-0.4
+			L20.3,10.9z"/>
+		<path class="st1" d="M21.1,14.4l0.6,2.7l6.9,4c0,0,0.7,0.4,1.3,0.4s1.3-0.5,1.3-0.5v-2.2c0,0-0.5,0.4-1.2,0.4s-1.3-0.4-1.3-0.4
+			L21.1,14.4z"/>
+		<path class="st1" d="M21.9,17.8l0.6,2.7l6.1,3.6c0,0,0.7,0.4,1.3,0.4c0.6,0,1.3-0.5,1.3-0.5v-2.3c0,0-0.5,0.4-1.2,0.4
+			s-1.3-0.4-1.3-0.4L21.9,17.8z"/>
+	</g>
+</g>
+</svg>
diff --git a/src/components/Icon/BankIcons.ts b/src/components/Icon/BankIcons.ts
index 9a0de0c1e628..a30594d1ab3f 100644
--- a/src/components/Icon/BankIcons.ts
+++ b/src/components/Icon/BankIcons.ts
@@ -1,5 +1,6 @@
 import {SvgProps} from 'react-native-svg';
-import * as Expensicons from './Expensicons';
+import {CSSProperties} from 'react';
+import {ViewStyle} from 'react-native';
 import AmericanExpress from '../../../assets/images/bankicons/american-express.svg';
 import BankOfAmerica from '../../../assets/images/bankicons/bank-of-america.svg';
 import BB_T from '../../../assets/images/bankicons/bb-t.svg';
@@ -20,31 +21,35 @@ import TdBank from '../../../assets/images/bankicons/td-bank.svg';
 import USBank from '../../../assets/images/bankicons/us-bank.svg';
 import USAA from '../../../assets/images/bankicons/usaa.svg';
 // Card Icons
-import AmericanExpressCard from '../../../assets/images/bankicons/american-express-card.svg';
-import BankOfAmericaCard from '../../../assets/images/bankicons/bank-of-america-card.svg';
-import BB_TCard from '../../../assets/images/bankicons/bb-t-card.svg';
-import CapitalOneCard from '../../../assets/images/bankicons/capital-one-card.svg';
-import CharlesSchwabCard from '../../../assets/images/bankicons/charles-schwab-card.svg';
-import ChaseCard from '../../../assets/images/bankicons/chase-card.svg';
-import CitiBankCard from '../../../assets/images/bankicons/citibank-card.svg';
-import CitizensBankCard from '../../../assets/images/bankicons/citizens-card.svg';
-import DiscoverCard from '../../../assets/images/bankicons/discover-card.svg';
-import FidelityCard from '../../../assets/images/bankicons/fidelity-card.svg';
-import HuntingtonBankCard from '../../../assets/images/bankicons/huntington-bank-card.svg';
-import NavyFederalCreditUnionCard from '../../../assets/images/bankicons/navy-federal-credit-union-card.svg';
-import PNCCard from '../../../assets/images/bankicons/pnc-card.svg';
-import RegionsBankCard from '../../../assets/images/bankicons/regions-bank-card.svg';
-import SunTrustCard from '../../../assets/images/bankicons/suntrust-card.svg';
-import TdBankCard from '../../../assets/images/bankicons/td-bank-card.svg';
-import USBankCard from '../../../assets/images/bankicons/us-bank-card.svg';
-import USAACard from '../../../assets/images/bankicons/usaa-card.svg';
-import ExpensifyCardImage from '../../../assets/images/bankicons/expensify-card-dark.svg';
-
+import AmericanExpressCard from '../../../assets/images/cardicons/american-express.svg';
+import BankOfAmericaCard from '../../../assets/images/cardicons/bank-of-america.svg';
+import BB_TCard from '../../../assets/images/cardicons/bb-t.svg';
+import CapitalOneCard from '../../../assets/images/cardicons/capital-one.svg';
+import CharlesSchwabCard from '../../../assets/images/cardicons/charles-schwab.svg';
+import ChaseCard from '../../../assets/images/cardicons/chase.svg';
+import CitiBankCard from '../../../assets/images/cardicons/citibank.svg';
+import CitizensBankCard from '../../../assets/images/cardicons/citizens.svg';
+import DiscoverCard from '../../../assets/images/cardicons/discover.svg';
+import FidelityCard from '../../../assets/images/cardicons/fidelity.svg';
+import HuntingtonBankCard from '../../../assets/images/cardicons/huntington-bank.svg';
+import GenericBankCard from '../../../assets/images/cardicons/generic-bank-card.svg';
+import NavyFederalCreditUnionCard from '../../../assets/images/cardicons/navy-federal-credit-union.svg';
+import PNCCard from '../../../assets/images/cardicons/pnc.svg';
+import RegionsBankCard from '../../../assets/images/cardicons/regions-bank.svg';
+import SunTrustCard from '../../../assets/images/cardicons/suntrust.svg';
+import TdBankCard from '../../../assets/images/cardicons/td-bank.svg';
+import USBankCard from '../../../assets/images/cardicons/us-bank.svg';
+import USAACard from '../../../assets/images/cardicons/usaa.svg';
+import ExpensifyCardImage from '../../../assets/images/cardicons/expensify-card-dark.svg';
+import styles from '../../styles/styles';
 import variables from '../../styles/variables';
 
 type BankIcon = {
     icon: React.FC<SvgProps>;
     iconSize?: number;
+    iconHeight?: number;
+    iconWidth?: number;
+    iconStyles?: Array<ViewStyle | CSSProperties>;
 };
 
 /**
@@ -128,7 +133,7 @@ function getAssetIcon(bankName: string, isCard: boolean): React.FC<SvgProps> {
         return isCard ? USAACard : USAA;
     }
 
-    return isCard ? Expensicons.CreditCard : GenericBank;
+    return isCard ? GenericBankCard : GenericBank;
 }
 
 /**
@@ -137,7 +142,7 @@ function getAssetIcon(bankName: string, isCard: boolean): React.FC<SvgProps> {
 
 export default function getBankIcon(bankName: string, isCard = false): BankIcon {
     const bankIcon: BankIcon = {
-        icon: isCard ? Expensicons.CreditCard : GenericBank,
+        icon: isCard ? GenericBankCard : GenericBank,
     };
 
     if (bankName) {
@@ -145,8 +150,13 @@ export default function getBankIcon(bankName: string, isCard = false): BankIcon
     }
 
     // For default Credit Card icon the icon size should not be set.
-    if (![Expensicons.CreditCard].includes(bankIcon.icon)) {
+    if (!isCard) {
         bankIcon.iconSize = variables.iconSizeExtraLarge;
+        bankIcon.iconStyles = [styles.bankIconContainer];
+    } else {
+        bankIcon.iconHeight = variables.bankCardHeight;
+        bankIcon.iconWidth = variables.bankCardWidth;
+        bankIcon.iconStyles = [styles.assignedCardsIconContainer];
     }
 
     return bankIcon;
diff --git a/src/libs/PaymentUtils.ts b/src/libs/PaymentUtils.ts
index 7ea935577fb1..295394f37140 100644
--- a/src/libs/PaymentUtils.ts
+++ b/src/libs/PaymentUtils.ts
@@ -47,22 +47,28 @@ function formatPaymentMethods(bankAccountList: Record<string, BankAccount>, fund
             return;
         }
 
-        const {icon, iconSize} = getBankIcon(bankAccount?.accountData?.additionalData?.bankName ?? '', false);
+        const {icon, iconSize, iconHeight, iconWidth, iconStyles} = getBankIcon(bankAccount?.accountData?.additionalData?.bankName ?? '', false);
         combinedPaymentMethods.push({
             ...bankAccount,
             description: getPaymentMethodDescription(bankAccount?.accountType, bankAccount.accountData),
             icon,
             iconSize,
+            iconHeight,
+            iconWidth,
+            iconStyles,
         });
     });
 
     Object.values(fundList).forEach((card) => {
-        const {icon, iconSize} = getBankIcon(card?.accountData?.bank ?? '', true);
+        const {icon, iconSize, iconHeight, iconWidth, iconStyles} = getBankIcon(card?.accountData?.bank ?? '', true);
         combinedPaymentMethods.push({
             ...card,
             description: getPaymentMethodDescription(card?.accountType, card.accountData),
             icon,
             iconSize,
+            iconHeight,
+            iconWidth,
+            iconStyles,
         });
     });
 
diff --git a/src/pages/settings/Wallet/PaymentMethodList.js b/src/pages/settings/Wallet/PaymentMethodList.js
index b6d6cd564a8b..2377868d724d 100644
--- a/src/pages/settings/Wallet/PaymentMethodList.js
+++ b/src/pages/settings/Wallet/PaymentMethodList.js
@@ -207,14 +207,11 @@ function PaymentMethodList({
                 .sortBy((card) => !CardUtils.isExpensifyCard(card.cardID))
                 .value();
 
-            const numberPhysicalExpensifyCards = _.filter(cardList, (card) => CardUtils.isExpensifyCard(card.cardID)).length;
+            const numberPhysicalExpensifyCards = _.filter(assignedCards, (card) => CardUtils.isExpensifyCard(card.cardID)).length;
 
             return _.map(assignedCards, (card) => {
                 const isExpensifyCard = CardUtils.isExpensifyCard(card.cardID);
                 const icon = getBankIcon(card.bank, true);
-                icon.iconHeight = variables.bankCardHeight;
-                icon.iconWidth = variables.bankCardWidth;
-                icon.iconStyles = [styles.assignedCardsIconContainer];
 
                 // In the case a user has been assigned multiple physical Expensify Cards under one domain, display the Card with PAN
                 const expensifyCardDescription = numberPhysicalExpensifyCards > 1 ? CardUtils.getCardDescription(card.cardID) : translate('walletPage.expensifyCard');
diff --git a/src/styles/styles.ts b/src/styles/styles.ts
index 1723469fe937..f6d0b9210c0d 100644
--- a/src/styles/styles.ts
+++ b/src/styles/styles.ts
@@ -3778,6 +3778,14 @@ const styles = (theme: ThemeDefault) =>
             alignSelf: 'center',
         },
 
+        bankIconContainer: {
+            height: variables.bankCardWidth,
+            width: variables.bankCardWidth,
+            borderRadius: 8,
+            overflow: 'hidden',
+            alignSelf: 'center',
+        },
+
         moneyRequestHeaderStatusBarBadge: {
             paddingHorizontal: 8,
             borderRadius: variables.componentBorderRadiusSmall,
diff --git a/src/types/onyx/PaymentMethod.ts b/src/types/onyx/PaymentMethod.ts
index 773e6ff1197c..85f3655f49e8 100644
--- a/src/types/onyx/PaymentMethod.ts
+++ b/src/types/onyx/PaymentMethod.ts
@@ -1,4 +1,6 @@
 import {SvgProps} from 'react-native-svg';
+import {CSSProperties} from 'react';
+import {ViewStyle} from 'react-native';
 import BankAccount from './BankAccount';
 import Fund from './Fund';
 
@@ -6,6 +8,9 @@ type PaymentMethod = (BankAccount | Fund) & {
     description: string;
     icon: React.FC<SvgProps>;
     iconSize?: number;
+    iconHeight?: number;
+    iconWidth?: number;
+    iconStyles?: Array<ViewStyle | CSSProperties>;
 };
 
 export default PaymentMethod;