Community Chat

[gidgetgh]

I just read that Capital One is acquiring Discover Financial Services.  It's a $35.3B deal.

[SaveTheTurtles]

Does this just go to show how much money is out there in credit cards?

[skatting44]

   There will be higher fees for sure  and  the quality of service will go down . Capital One does not have a good reputation as a company

[Kachina624]

IMO,  Capilal One is just a small step above Sychrony Bank, which is pretty low.

[gidgetgh]

I've had a Discover card for years and years and it is my main credit card because I love their 5% cash back program.  Last month I came THIS close to getting a cd with Discover, online of course.  I'm glad now that I didn't. 

The acquisition is going to take awhile and the cd would have been totally fine, but I went in another direction.

[THEY CallMe Mr Wilkes]

I have had exceptional success and service with Capital One over the years.

The rewards programs with my cards are fabulous.

Online CD rates are among the best available. 

[PansyBoo]

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@THEY CallMe Mr Wilkes wrote:

I have had exceptional success and service with Capital One over the years.

The rewards programs are my cards are fabulous.

Online CD rates are among the best available. 

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Ditto.

[Alsace Gal]

@gidgetgh 

'Like you I use my Discover card almost exclusively. I've been a member since 1995.

I hope the change won't mean a difference with services.

[Icegoddess]

I have no complaints with Capital One. 

[gidgetgh]

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@Alsace Gal wrote:

@gidgetgh 

'Like you I use my Discover card almost exclusively. I've been a member since 1995.

I hope the change won't mean a difference with services.

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@Alsace Gal - the article said that more than likely, the deal would result in more cards being switched to the Discover network.