Capital One acquiring Discover. Thoughts? I have the Savor One and Venture X; hoping they don't make any bad changes here...

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Might be a tough one to get through regulatory oversight.

likesmart

^this

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Spirit Airlines deal got rejected. If this goes through, the system is rigged.

likefunnysmart

Is this confirmed?

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Confirmed they are trying. It’s not getting approved.

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Will be interested to see if they move to the Discover payment network too - could be a bad change if that’s the case

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Discover has very poor/limited merchant acceptance outside the US so highly unlikely they will drop Visa/MC completely.

Probably a preemptive move to the CCCA and to capture some interchange revenue. Plus Discover has a nice book of online deposits.

You don't need to worry about anything. Discover employee does.

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It will be a bloodbath at Discover with significant overlaps in the business.

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