Americans' reliance on credit cards is the key to Capital One's bid for Discover

Capital One's bid for Discover carries expectation that Americans won't slow credit card use

Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet. Capital One announced Monday that it would buy Discover Financial Services for $35 billion.

Capital One plans to acquire Discover — here's what that could mean for credit card and banking customers

Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page. Capital One plans to acquire Discover in an all-stock deal valued at $35.3 billion, pending approval. The deal would integrate the issuers' payment networks, but banking accounts could remain…

Why Discover Cardholders Have More to Gain From Merger With Capital One

The potential purchase could unlock access to Capital One's travel perks -- but it could also lead to higher consumer prices.

US's reliance on credit is key to Capital One's bid for Discover

NEW YORK — Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that

Capital One plans to buy Discover. Graphics show what that could mean for your credit card

If regulators approve, the $35 billion deal would combine two of the largest credit card companies in the United States.