What happens to discover you and capital cards now after merge them?

Capital One and Discover is one company officially after obtaining Capital One $ 35 billion from Discover ABLICHT on May 18. The deal started in February 2024, when Capital One announced its plans to gain it.

Although the deal is closed last week, you don’t expect any changes to your cards immediately. One Capital said while planning to strengthen the Discover network, Capital One will continue to use Visa and MasterCard. However, this may change below the line.

Experts are divided on whether this merger will benefit the card holders. Capital One is the third largest credit card company, and Discover is one of the four credit card networks only, along with the American Express, VISA and MasterCard. Some experts are concerned that this may lead to less competition between credit card companies, which increases prices for people.

But the merger can also give the discovery of the financial support it really needs to compete with Visa and MasterCard. Some policymakers indicate that the two companies have an involvement in the credit card network market. More competition can lead to a decrease in scrolling fees – fees imposed on merchants to facilitate cards payments – which can then be transferred to card holders.

What is the next for Capital Ones?

in Share the capital of common questions With CNET, the company states that it will continue to use visa networks and MasterCard while putting the money towards enhancing the Discover payment network, which currently has a rate of acceptance less than the Visa and MasterCard. Therefore, your credit cards may work on Discover, but it is likely that this will not happen any time soon. If this happens, your card acceptance rates, privileges and bonuses may change.

in Press statement in AprilThe capital said, if there will be no changes immediately. In the event of any changes, the source of your card will alert you early, so just watch the connections.

Will credit card holders discover changes?

Discover the current card holders earlier this week, let them know that their cards are now part of the Capital One.

Email said that customers can still log in to their credit card account on Discover.com And their rewards, account numbers and benefits will remain the same, at the present time.

The only real -term real change is the card holder agreement. This contract was updated to reflect an agreement between the holder and the capital, rather than discovery.

What does the future keep for one capital and discovering credit cards?

in JD Power Customer Satisfaction Study Cards, Discover and Capital One are high in customer service so that customers do not expect any new difficulties now after the deal closed. These two credit cards can merge their cards and benefits or change the current privileges, but all of this is speculation.

There is nothing that the owners of the cards based on the current capital and discover the card holders do now. Your cards will continue to work as they have and any changes will be informed of you before you enter into force.