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Kiplinger
Kiplinger
Business
Paige Cerulli

Capital One and Discover’s $35.3B Merger Approved — Here’s What It Means for Your Wallet

Capital One Discover Interest Rates
Capital One and Discover credit cards arranged in a wallet.

Two of the largest credit card companies are planning to merge, and it could have big implications for your wallet.

Under the Capital One Discover merger, the Capital One Financial Corporation would acquire Discover Financial Services. On April 18, Capital One reported that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency approved the merger, allowing the acquisition to proceed.

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