Capital One-Discover merger could put a bigger squeeze on credit …

Feb 21, 2024 · Capital One-Discover merger could put a bigger squeeze on credit card users, experts warn Many of the largest credit card issuers already charge steeper rates than smaller ones.

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The Capital One-Discover Deal Is Huge For Credit Cards—But

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3 days ago · Capital One announced on Monday its intention to acquire Discover® Bank in an all-stock transaction valued at $35.3 billion—set to close in late 2024 or early 2025.

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Capital One-Discover Merger Could Put A Bigger Squeeze On Credit …

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Feb 21, 2024 · Capital One’s $35.3 billion deal to buy Discover is a long way from being completed. But consumer advocates and some lawmakers are already raising questions about …

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Capital One Merger Could Make Discover A Rival To The Largest …

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Feb 22, 2024 · The deal, announced Monday, would cost Capital One $35 billion and result in the largest U.S. credit card company by loan volume. The deal would be a boost for Discover and …

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Capital One-Discover Merger Could Shake Up Credit Card

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Capital One's $35.3 billion acquisition of Discover Financial stands to shake up the financial ser… The company could displace JPMorgan Chase as the dominant credit card lender, based on current card loan data.With a boost in investment from Capital One, Discover could better take on Visa and Mastercar… The deal, however, will face regulatory hurdles.

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Capital One, Discover Soar On Trump Win Easing Merger Approval

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Nov 6, 2024 · A Republican president would bode well for the $35 billion deal that would create the biggest credit-card issuer in the US by loan volume. The tie-up is pending approval from …

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4 Ways Capital One-Discover Merger Could Affect Your Wallet

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The financial world got a jolt on Feb. 19 when Capital One Financial announced plans to buy credit card giant Discover Financial in a $35.3 billion all-stock deal. Beyond the buyout's …

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How Capital One’s $35 Billion Discover Merger Could Affect ... - MSN

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A successful merger would be the culmination of a growth strategy hatched by Fairbank when he helped found Capital One in the late 1980s to offer credit cards to consumers overlooked by …

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What Does The Capital One-Discover Deal Mean For You?

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Feb 20, 2024 · Capital One Financial Corp. announced Monday that it had reached an agreement to acquire Discover Financial Services for $35.3 billion, instantly creating a financial behemoth …

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Capital One’s Discover Acquisition: 5 Things To Know

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Feb 20, 2024 · Capital One’s $35.3 billion all-stock deal to purchase Discover could make it the largest credit card issuer in the country, in addition to expanding both its digital banking …

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Capital One-Discover Merger Could Put A Bigger Squeeze On Credit …

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Feb 21, 2024 · Capital One’s $35.3 billion deal to buy Discover is a long way from being completed.. But consumer advocates and some lawmakers are already raising questions …

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FAQs about Capital One-Discover merger could put a bigger squeeze on credit … Coupon?

Should Capital One merge with discover?

These facts combine in a way that makes it even more appealing for Capital One, a giant credit card issuer, to merge with Discover, which owns a payment system, and generate greater profits from credit cards, particularly higher-end reward cards. Chasing credit card points is a game in which everyone loses. ...

What happens if capital one buys discover?

If Capital One’s $35.3 billion purchase of Discover goes through, the deal would create the nation’s largest credit card lender by balance owed, affecting what credit cards are offered, on what terms, and where you can use them. ...

Will Capital One's merger with discover add competition in the payments space?

Capital One’s planned merger with Discover, which has drawn early antitrust objections, could add competition in the payments space by making Discover a stronger rival to the biggest companies. The deal, announced Monday, would cost Capital One $35 billion and result in the largest U.S. credit card company by loan volume. ...

Can I cancel my Discover credit card after Capital One merger?

While canceling your Discover credit card after the Capital One merger is always an option, keep in mind that closing a line of credit in good standing has the potential to lower your credit score. That’s why we recommend either keeping your existing card or requesting an upgrade. ...

Will Capital One acquire Discover Financial Services?

On February 19, 2024, Capital One Financial Corporation announced that it planned to acquire Discover Financial Services. The Capital One/Discover merger will allow Capital One to take advantage of Discover’s global payments network and position Capital One to take over as the largest credit card operator in the industry. ...

Is a Capital One-discover merger a good deal?

Overall, experts say a Capital One-Discover merger is likely to be a mixed bag for consumers: possibly better rewards at the expense of higher APRs and fees. All of this comes with the caveat that the deal needs to be approved by regulators who are laser-focused on keeping the industry competitive. ...