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.
41 Articles
41 Articles

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…

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
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