Discover and Capital One Merger

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

[Anonymous]

Capital One is the worst. We are slowly moving our bank account out of Capital One. Absolutely the worst customer service ever. I went to a branch to open my high schooler a bank account. They told me they only open accounts online now. I went home to open it online and they froze our accounts for fraud because someone was trying to open account. The freaking worst! Hate them with every fiber of my being! Next morning I went to another bank and opened an account. Hate them! Banking is customer service because I’m letting them hold my money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Hmm I have an AMEX and a chase card. Did not realize I was wealthy. Thanks for letting me know.

+1

People who pay an annual fee for Amex are idiots, unless they travel extensively or use it for business purposes. It's like a tacky designer handbag.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

The merger is not good news for the cc giants, Visa, MC and Amex. Now one of their customers Capitol One owns a credit card processing network -Discover. There goes a lot of transaction fees.

[Anonymous]

Anonymous wrote:Capital One is the worst. We are slowly moving our bank account out of Capital One. Absolutely the worst customer service ever. I went to a branch to open my high schooler a bank account. They told me they only open accounts online now. I went home to open it online and they froze our accounts for fraud because someone was trying to open account. The freaking worst! Hate them with every fiber of my being! Next morning I went to another bank and opened an account. Hate them! Banking is customer service because I’m letting them hold my money.

Which bank did you go with? I have checking with Capital One but really don’t like them. Sandy Spring is okay but not fantastic either.

Looking to open an account for my teen also.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

The merger is not good news for the cc giants, Visa, MC and Amex. Now one of their customers Capitol One owns a credit card processing network -Discover. There goes a lot of transaction fees.

That's how you know the government will block this deal. "Protecting their donors... errr.. constituents."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

The merger is not good news for the cc giants, Visa, MC and Amex. Now one of their customers Capitol One owns a credit card processing network -Discover. There goes a lot of transaction fees.

That's how you know the government will block this deal. "Protecting their donors... errr.. constituents."

You are missing the point, this is better for consumers by strengthening another payment network that is not visa or Mastercard therefore likely to get gov approval

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

The merger is not good news for the cc giants, Visa, MC and Amex. Now one of their customers Capitol One owns a credit card processing network -Discover. There goes a lot of transaction fees.

That's how you know the government will block this deal. "Protecting their donors... errr.. constituents."

You are missing the point, this is better for consumers by strengthening another payment network that is not visa or Mastercard therefore likely to get gov approval

You are missing the point. It will not be approved because the big two will protect their market using "government regulations."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

The merger is not good news for the cc giants, Visa, MC and Amex. Now one of their customers Capitol One owns a credit card processing network -Discover. There goes a lot of transaction fees.

That's how you know the government will block this deal. "Protecting their donors... errr.. constituents."

You are missing the point, this is better for consumers by strengthening another payment network that is not visa or Mastercard therefore likely to get gov approval

You are missing the point. It will not be approved because the big two will protect their market using "government regulations."

There's a good chance this will be approved.
- someone with real world antitrust experience

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

The merger is not good news for the cc giants, Visa, MC and Amex. Now one of their customers Capitol One owns a credit card processing network -Discover. There goes a lot of transaction fees.

If capital one tells their visa and mastercard holders that they now have discover cards, chase executives will be popping champaign

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

The merger is not good news for the cc giants, Visa, MC and Amex. Now one of their customers Capitol One owns a credit card processing network -Discover. There goes a lot of transaction fees.

Amex owns their own processing network as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

The merger is not good news for the cc giants, Visa, MC and Amex. Now one of their customers Capitol One owns a credit card processing network -Discover. There goes a lot of transaction fees.

If capital one tells their visa and mastercard holders that they now have discover cards, chase executives will be popping champaign

Capital One will likely only move certain cards over to the Discover network. Probably their subprime cards and their basic no annual fee cards with little rewards. The higher fee cards and those aimed at higher revenue customers will stay on Visa/MC, I am pretty sure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Hmm I have an AMEX and a chase card. Did not realize I was wealthy. Thanks for letting me know.

I have an Amex and a Discover. I am sure the Discover makes me look cheap, but I don't care. I'm thrifty.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Discover is for the poors. I'm team AMEX and Chase.

Yeah, I’m poor. No AMEX for my broke a$$.

I’m surprised the government approved this merger? Has the Biden administration just given up on us poors?

It was just announced yesterday. It has not been approved.

https://www.washingtonpost.com/business/2024/02/20/capital-one-discover-merger-washington/

The Discover website says it’s a done deal. If you have a Discover card and try to log in, they say that Discover and Capital One have merged.

"Discover and Capital One approved an agreement in which Discover will merge into Capital One" means the companies have approved it. The government has not.

Oooooh, is there a chance that this will not go through?

That would be good news for Visa and MasterCard.

The merger is not good news for the cc giants, Visa, MC and Amex. Now one of their customers Capitol One owns a credit card processing network -Discover. There goes a lot of transaction fees.

That's how you know the government will block this deal. "Protecting their donors... errr.. constituents."

You are missing the point, this is better for consumers by strengthening another payment network that is not visa or Mastercard therefore likely to get gov approval

You are missing the point. It will not be approved because the big two will protect their market using "government regulations."

There's a good chance this will be approved.
- someone with real world antitrust experience

The Sprint T-Mobile merger barely happened.