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Capital One is set to acquire Discover, merging 2 of the US' largest credit-card companies (www.businessinsider.com)

submitted 10 months ago by MicroWave to c/economics

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Capital One is readying an acquisition of Discover Financial Services, according to The Wall Street Journal.
The deal would merge two of the largest credit-card issuers in the US.
Discover is coming off a difficult year after compliance lapses led to a CEO resignation.

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[–] Stupidmanager 3 points 10 months ago

It’s not just you. I’m well into adulthood when I applied for a discover card. Got approved for a $800 credit limit. Yes, not a typo, $800. Today, that limit is $1200. but my capital one card which I acquired around the same time, $12000 to start and now it’s over 32k.

I never use my discover card and don’t care that this merger is happening.