What is the advantage for Capital One of owning a credit card network? Discover, originated by Sears in the mid-1980s to get into the financial services business, has a network of 70 million ...

This year, Capital One plans to acquire Discover for $35.3 billion. The date and details aren't final yet, but changes for both Discover and Capital One cardholders could be on the horizon ...

So, your Capital One credit cards may one day run on the Discover network, but it likely won't happen anytime soon. If this happens, your card's acceptance rates, perks and rewards may change.

As far as consumer benefits, the deal may allow Capital One to issue rewards debit cards through the Discover network, products that Visa and Mastercard do not offer, he said in the report. The ...

Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers.

U.S. servicemembers who use the Military Star credit card will see a change in September as the closed-loop network it uses migrates to the Discover Global Network. The Exchange Credit Program issues ...

Capital One gets green light to buy Discover for $35B and form credit card giant By ... It also will give Discover’s payment network a major credit card partner in a way that could make the ...

Consumers could pay higher interest rates As of 2022, around 42% of Capital One’s credit cards ran over Visa’s network and 58% ran over Mastercard’s, Bank of America analysts said in a ...

If you're a Capital One cardholder, experts don't expect major changes right away, but if the merger goes through, your card will likely be shifted to the Discover payment network eventually.