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this post was submitted on 28 Jul 2025
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What's wrong with Capital One? I feel like Discover/Capital One / Diner's Club network is a good thing for Discover customers.
What benefits would Discover customers get from Capital One's acquisition? Discover acceptance in the US has been almost on-par with Visa/MC for many many years.
Remember that Discover is self-banked (unlike Visa/Mastercard that banks sign up with). This means that every credit line needs to be backed by... well ... A bank.
Bigger banks mean more credit opportunities, better interest rates (etc. etc). Deeper credit lines.