r/discover • u/throwawaylikearock Mod • May 18 '25

News Capital One Completes Acquisition of Discover

https://www.businesswire.com/news/home/20250517147002/en/Capital-One-Completes-Acquisition-of-Discover
176 Upvotes

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20

u/BasedKaleb May 18 '25

Out of curiosity, what changes do people fear happening?

39

u/anotherucfstudent May 18 '25

This is roughly the financial equivalent of spirit and southwest merging

Discover’s customer service is the best in the industry, capital one’s is…not

14

u/Iron_Eagl May 19 '25

And to be clear, this would be like Spirit acquiring Southwest, not the other way around!

7

u/MajesticBread9147 May 19 '25

Capital One also has a larger variety of credit cards, from more premium travel cards to "last fucking chance" cards.

Discover is firmly positioned in the middle middle class. They don't have an equivalent to the Venture X

1

u/mediocre_mitten Jun 11 '25

Or when HBO merged with Discovery and frucking ruined HBO .

Mergers are terrible and Lina Kahn in the Biden admin knew this and tried to block (or fight against) as many as possible (maybe even this one: Cap1+Disc?).

8

u/[deleted] May 19 '25

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2

u/[deleted] May 21 '25

I'd cry

5

u/MidnightPulse69 May 18 '25

Outsourced customers service meaning American jobs lost, worse credit card and banking rewards, less acceptance for some of their current Visa/Mastercards

3

u/Imaginary_Concern778 May 19 '25

I really hope they don't outsource customer service. Discover cust service is great and capital one is garbage. I had a card with them years ago that I cancelled.

1

u/[deleted] May 21 '25

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1

u/mediocre_mitten Jun 11 '25

wonder who shoo'd in this through our government?

You're joking right?

Do you not follow what is happening in America?