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 they won’t break the habit.

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Americans' reliance on credit cards is the 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

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

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

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

Americans have become increasingly reliant on their credit cards since the pandemic

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By KEN SWEET
AP Business Writer NEW YORK (AP) — 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 they won’t break the habit. The combination could potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. For customers of the companies, it might mean bigger perks and more merchant acceptance of Discove…

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NEW YORK (AP) -- 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 they won't break the habit.

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

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

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…

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

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 they won’t break the habit.

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

NEW YORK (AP) — 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 they won’t break the habit.  Capital One Financial announced Monday that it would buy Discover Financial Services for $35 billion. The combination could potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. For customers of the compan…

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

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