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Capital One Looking to Acquire Discover Financial Services

DDG
DDG

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Capital One Threatened to Decrease My Credit Limit? Easy Fix

Capital One Looking to Acquire Discover Financial Services

Capital One is contemplating a major move. The company is looking to acquire credit card lender Discover Financial Services.

Bloomberg News was first to report on the matter, citing people familiar with the matter.

Capital One has reportedly been working with advisers to “study a deal” for Discover, the outlet said. Deliberations are ongoing, and there was no certainty they would actually  lead to a deal.

The Capital One-Discover merger would be one of the largest deals announced so far this year. The merger of the two companies, who are among the largest credit card issuers in the U.S., would expand Capital One’s credit-card offerings.

Capital One rang up $534.5 billion in credit card transactions in 2022, ranking fourth in the U.S. after Chase, American Express and Citi. Discover came in sixth, after Bank of America, with $210.7 billion in credit card transactions.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

1 COMMENT

  1. Capital One is looking to ruin the only credit card that offers decent customer service. It should go through considering everything else going on in the U.S.

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