Major credit card merger as Capitol One buys Discover in $35 billion deal



Capitol One has agreed to buy Discover in a deal valued at $35 billion. ABC News’ Lionel Moise explains how the merger could affect consumers.

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Original source (ABC/Youtube)

32 comments

  1. Discover has their own network system without using VISA or Mastercard! Soo this is a huge deal. Hopefully it doesn't go thru. It will decrease competition!

  2. Looks like Capitol One played a game of Discover and decided to buy the cheat codes! 😂🃏

  3. I don't plan to go along for the ride

  4. Only reason politicians complaining is because their stock portfolios are under scrutiny. Maxine Waters worrying about eventually only having a few credit card companies but is TOTALLY FINE with JP Morgan Chase buying up banks and bailing out the US Government. Ok – got it.

  5. Romans 3:23 For all have sinned, and come short of the glory of God;

    Romans 6:23
    For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.

    Acts 8:37
    And Philip said, If thou believest with all thine heart, thou mayest. And he answered and said, I believe that Jesus Christ is the Son of God.

    Romans 10:9
    That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.

    Corinthians 15:3-4
    For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; And that he was buried, and that he rose again the third day according to the scriptures:

    Ephesians 2:8-9
    For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: Not of works, lest any man should boast.

    '''

  6. Jump ship for 35 billion watch out for sharks.

  7. The five riches people in the woŕld 869.billion

  8. RIP Discover Card 💳 🪦 China ruined everything

  9. If they didn’t add the interest all the cards would had been paid by now then no one would be in debt. Last year I paid off my Discover card I just now have too payoff the Capital One and the other ones and I’m good I’m giving myself 3YRS the only thing that really stops me from paying it off it’s emergency can’t control when something happens

  10. Capital One sux they have no customer service that speak English and you never get your issues resolved. Discover is awesome their customer service rocks. Now if this goes thru that is going to tank my thoughts on Discover. I may have to cancel all my accounts even my savings and checking accounts.

  11. Capitol one😂 great journalism

  12. Anddd the legal extortionists strike again!

  13. Capitalone is a shady company. This needs to be blocked!!!

  14. This sucks because Capital One will most likely eliminate Discover’s 5% rotating categories.

  15. GREAT MORE
    DAM MONOPOLIES CONTROLING EVERYTHING WE NEED..
    FOOD, HOMES, CELL PHONES ECT.

  16. Credit card another SCAM
    Fees is not free
    F all credit cards period

  17. 1. This definitely looks like a monopoly in the making and shouldn't be allowed.
    2. Mergers shouldn't affect whether or not people pay off their credit card debt. That needs to be one of their top goals, period.

  18. Just more financial corruption. It’s time for a whole new economic system in this country.

  19. Eventually the cell phone Carrie’s will be ditched because big tech will make their own cell company

  20. Yea all these people flaunting money using their credit cards lol

  21. My experience with capital one have been good, they only need to have more atms if they want customers to open a savings and checking account and also more brunches, but as far as using their credit card it's not bad

  22. Discover is a terrible CC company anyways

  23. Yet another monopoly. I thought the United Turds of America once stood for something. We’re in the endgame stage of neofeudalism.

  24. Glad monopoly’s can’t exist in this country

  25. I’m disappointed, I had a credit card with capital one which they closed for 2 missed payments, I still have my discover credit card, but if the service gets worse than how it was before, I’m closing my account.

  26. How about no… Discover's Customer Service is so much better than Capital One