What Capital One buying Discover could mean for consumers

Capital One said it will buy Discover Financial Services for $35 billion, a deal that would bring two of the nation's biggest credit card companies together.

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[kmary]

Capital One will surely ruin Discover. 😕 Discover is one of those rare companies that understands how to do customer service and mobile banking well. This is really unfortunate for Discover customers if it goes through.

[-DM]

This is bad for consumers. Discover is popular because they are one of the easiest to use online. After losing Mint and Simple with no replacements I have to argue that it's in the public's best interest for the government to block these types of destructive mergers.

[tracybrovan]

Discover is better than capital one. I hope this doesn't happen.

[phototristan]

I'm so old that I miss the days of using my Discover card at Sears.

[maxlinder]

Shareholders profit extremely well just my opinion

[duran]

Maybe it makes sense for them, but not for me😒 I’ve been loyal to Discover since I was little mainly because they still the only card that you can talk to humans right away in case of emergency. Capital One WILL ruin Discover 😒

[grer]

Mergers are never good for consumers, less competition. Also, they will purge employees

[u-eezkw]

I use to have Capitol One and when I looked at my bill it always said Capone, Just like the mobster. Stealing my money.

[davidmiffable]

Capitol One sucks. I hope this doesn't happen.

[SkylarPixel]

Capital one is the worst. I have a 823 credit score and I hate capital one and chase. Discover was my favorite for customer service. 😢

[nof]

the implications for consumers is you pay more for everything related to their services - 100% guaranteed!

[ronkirk]

Just what the American consumer needs - Another near monopoly in a major industry so they can carve up the market and charge any amount they want. Didn't we learn anything about the excesses of capitalism with Standard Oil, the Sherman Anti-trust Act of 1890 and the bust-up of the company monopoly in 1899? Why do we find it so hard to learn from past history and mistakes? I don't use credit cards so I don't have a dog in this fight, but most Americans do.

[red_light_]

Based on these comments I’m not sure if I should rush to join discover before the merger possibly gets approved or if I should just avoid now :(

[justinhang]

I haven’t used my capital one card in months and I used it on one purchase just so I could use my rewards cash that was just sitting there. I had like $5 left to pay out of pocket and they charged me $1.21 interest and the statement was never rolled over to the next month LOL

This is why I will continue to use my AMEX Gold

[jamesking]

Capital One sucks. So sad to see Discover go.

[stripelinecast]

Break up monopolies, trusts, and big banks! This action would only lead to abusing power and making everyday American life worse. Big NO!

[Non_Of_U_business]

Bad Idea and will increase prices and reduce competition. I am a Discover customer and I will have to watch this. Yes Shareholders Greed will prevail.

[MBarberfanlife]

Not clear whether the merger will be approved

[Matt-mhud]

Capital One is not at all going to make this a transaction worthwhile for consumers in the long run. I can't think of many credit companies more notorious than they are for account, financial, and employment abuse. Awesome company to associate with....

[xorrior]

The only legitimate reason for a merger is if a company has something unique and is seeking to merger to gain more capital to spread its product OR if the two entities are legitimately struggling for a second chance. Neither company is particularly unique or struggling. This merger is out of pure greed.