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

  • Capital One Financial and Discover Financial are merging, creating a major credit card company in the US.
  • The deal is expected to face heavy scrutiny from consumer groups and regulators.
  • After the merger, customers may see increased perks and wider merchant acceptance of Discover cards.
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41 Articles

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Left
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Center
27
Right
3
Helena Independent RecordHelena Independent Record
+7 Reposted by 7 other sources
Center

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.

·Helena, United States
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Associated Press NewsAssociated Press News
+29 Reposted by 29 other sources
Lean Left

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

·United States
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Bias Distribution

  • 71% of the sources are Center
71% Center
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Midland Today broke the news in Midland, Canada on Tuesday, February 20, 2024.
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