Capital One Buying Discover: What it means for Credit Cards…

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Күн бұрын

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@Sentra1985 10 ай бұрын

I have had my Discover Card for 22 years. I’ve held onto it that long because of their customer service. When you call someone who speaks plain English answers the phone and is able to answer your questions. They may not have the best rewards system but I value service. Hopefully this will not change.

@subzero___ 10 ай бұрын

it will change sadly

@Dudevegaslv 10 ай бұрын

Capital one customer service from Philippines. Soon Discover customer service from Philippine or India.

@CinemaSteve 10 ай бұрын

I have a Venture X and have had to call CS a couple times and they've been great. Harder to understand, but still one of the best. I was pleasantly surprised.

@80s-el9vc 10 ай бұрын

I have multiple cards and capital one is the hardest to get a credit limit increase. Each time I try, I get a different excuse as to why they are denying me. capital one cares only about capital one, not your credit growth.

@chrisfamos 10 ай бұрын

It’ll change no doubt, give it 2-3 years

@ctrushfan8575 10 ай бұрын

Speaking of mergers. My oldest credit card goes back to 1995 and was issued by Chemical Bank. Shortly after they merged with Chase. Fast forward almost 30 years and now it's a Freedom Unlimited. 🤪

@TheCreditShifu 10 ай бұрын

Thats a piece of history

@rlmcguire 10 ай бұрын

Chemical Bank? It burned! It's gone!

@ctrushfan8575 10 ай бұрын

I guess I'll have to head on over to the 49th street branch!

@WookieSenshi 10 ай бұрын

What a journey. Lol

@JoseLopez-wb9kj 10 ай бұрын

I really hope this is a good change for Discovery because Capital One is very particular and strict with how they do things like credit limit,with customers…

@johnkim163 10 ай бұрын

Discover & Amex are the best in customer service. Capital One is one of the worst. Say goodbye to based in USA and dealing with off shore agents with hard to understand accents. I just hope Amex will go after all the best customer service agents whose jobs are going to be outsourced soon.

@b.sharp. 10 ай бұрын

My thoughts exactly. I've had phenomenal experiences with Amex and Discover and horrible experiences with everyone else (chase, citi, capital one, etc)

@oreally8605 10 ай бұрын

Oh, stop complaining. Discover is a low-level card. Capital One will give you some viability..

@b.sharp. 10 ай бұрын

@@oreally8605 you must have never used their products. The quality is leagues beyond capital one

@iamsean92 10 ай бұрын

i have both. and discover is higher end in my opinion @@oreally8605

@ratzelbarreto2070 10 ай бұрын

@@oreally8605 doesn't matter it's the customer service that matter. My discovery card is one of my favorite, I even got one for my mother but my capital one is by far my worst card. I only use it to pay for my hulu once every 3 months and that basically it.

@bayodaman 10 ай бұрын

Nice video straight to the point, good job mate.

@benchoflemons398 10 ай бұрын

Rarely do mergers make sense for shareholders and consumers. It’s just a way for managers to grease themselves. This one is different. This could prevent the visa Mastercard low cost duopoly.

@lannettepaynes9806 10 ай бұрын

Omg! I just got my Discover Card 4 months ago and the HYS 2 months ago and love the Customer Service. Out of all my cards I hate dealing with Cap 1 customer service reps the most. Had Cap 1 for 8 years.

@georgeivan9603 10 ай бұрын

I’ve been with cap1 for several years now, never had any issue with costumer service, every client is different, i would love to see anyone working at costumer service receiving tons of calls daily.

@AboveAllBeOriginal 10 ай бұрын

thank you for a short and sweet video about this! didn’t feel like watching people’s 14 minute videos

@jahanas22 10 ай бұрын

I would hope this doesn’t succeed. I don’t care for Capital One. I think this would hurt Discover.

@justinelliott2000 10 ай бұрын

It’ll be a year or so before we see anything. Have to give 45 days notice!

@80s-el9vc 10 ай бұрын

I'm glad my Discover card will expire by the time capital one takes over.

@FlintIronstag23 10 ай бұрын

Assuming the deal actually goes through, I could see Capital One changing their Platinum and possibly the Quicksilvers to run on the Discover network. I imagine the Ventures would stay Visa since they are travel cards and Visa has better worldwide acceptance.

@crazykenbei 10 ай бұрын

Anything that was on mastercard would switch over to discover. And the visa cards would stay i would imagine.

@lcthevideogamer 10 ай бұрын

I think the main purpose is for Capital One to exclusively use the Discover network and ditch both Visa and Mastercard since they will use Discover to compete against them

@mitchell.9632 10 ай бұрын

Hoping it doesn't get regulatory approval and anti-trust will block it. Those two combined will be 19% on the credit side of the market which is higher than Chases 16%. There is also on the banking side a lot of market concentration too. Around half the amount of banks (and about half the amount of credit unions) in the last 25 years due to mergers like this. And there is more population in that time so the per capita amount of choice is less. Part of a trend that started to accelerate in the mid 1980s though the downward trend has been going on for 80+ years.

@FreedomFinanceFun 10 ай бұрын

What a shake up. I have both their savings, but discover is so much better.

@chrisbrown8748 10 ай бұрын

1:50 I like that part of this because I have a Discover it, I just got the Venture X with plans to acquire the Savor One in June but I know it’s always been rumored that Capital One will only allow you to have two of their card and so this merger made me a little nervous from that standpoint.

@mjsabie8517 10 ай бұрын

This rumor is simply not true. I have 3 Capital One cards...Venture X, Savor One, and a very old Quicksilver

@josephtseng7778 6 ай бұрын

hey, arent you the guy who does youtube videos about Taiwan? I didn't know you talk about credit card too!

@TheCreditShifu 6 ай бұрын

Yes

@michaelburrell4685 10 ай бұрын

I sincerely hope that regulators stop this merger. There are already too few competitors in this space.

@jamesjenkins5759 10 ай бұрын

i would suspect that the lower credit score products would migrate to discover

@jeremoo 10 ай бұрын

WTF I just opened a capital one quicksilver after having my discover student card for a while and i learn about this toda

@schneemann-fy6gi 10 ай бұрын

I'm skeptical regs will allow this

@BilalTeli-hi4wd 4 ай бұрын

Can we apply for both as new to credit cards without any credit history? Will it be a positive impact on credit score to manage both?

@pops91 10 ай бұрын

I hope my venture x stays away from discover networks, they are not taken internationally

@TheCreditShifu 10 ай бұрын

I am thinking it will be the lower level cards. The high tier travel cards need to be on Vida or mastercard for their benefits

@ParutoX 10 ай бұрын

45 days notice - I wonder if they’ll work with Apple by any chance

@TheCreditShifu 10 ай бұрын

Apple card on discover network, issued by cap one

@TheZombaslaya 10 ай бұрын

What I'm most afraid of is international acceptance. I like having the VX work abroad with no FTFs since it's a Visa. If Capital One moves over to Discover's payment network good luck using their cards abroad.

@newagain9964 10 ай бұрын

cap1 will keep a bit of discover’s payment network going mostly as a project to see if it can increase acceptance and processing profits. It’s probably gonna be a mostly ugly thing for a 5-10yrs. But if it survives, it’s because it was sold off or cap1 actually nailed it

@michaelhorgan9525 10 ай бұрын

VentureX is likely to stay Visa as it is a travel card and Visa is accepted in more places than Discover.

@wendyzj2705 6 ай бұрын

Have had a capital one card 15yrs. Biggest mistake in my life was getting a DISCOVER from hell card!

@danielz8183 7 ай бұрын

Just approved for the discover it card so would you recommend me applying for a bilt card?

@christianchellis9057 2 ай бұрын

I support the buy. I feel like it will be better.

@TheAudioCzar 10 ай бұрын

Imagine being able to transfer 5x back from the discover card to your venture. X 🤯

@leovrivera 7 ай бұрын

I'm hoping this is the case lmao

@ICY-HURR 10 ай бұрын

Should we purchase stock in cap or disc?

@keolumford3547 10 ай бұрын

Will the discover card be replace will capital one card with a discover logo

@daishi15 10 ай бұрын

Bad thing for Amex Chase and Citi

@chrisfamos 10 ай бұрын

The Discover brand will remain for a couple years then die out

@SEEKANDSTREAM 10 ай бұрын

Capital one should build a 529 plan for there customers

@Lawrence_McKnight 10 ай бұрын

I hope it will get approved. Can you imagine, Capital One Venture X with a Discover logo? I hope it adds pressure to Visa, Mastercard, and AMEX

@ChintanCG 10 ай бұрын

hope C1 used their discover IT card for 5% cashback on acquisitions :D

@RegM86 10 ай бұрын

Perhaps Discover joins the points transfer game.

@raymondyu7933 10 ай бұрын

Good for me to have Both Company's Stock in my acc if it really happens; but it gives me a sincere headache of credit card organization.

@g.t.richardson6311 10 ай бұрын

Hope it helps but probably a wash I have 200 capital one preferred stock, bought on the cheap under 20, paper loss for now, but they gotta keep paying me my 5%+ dividend so you get yours on regular stock , or they can redeem mine and give me $25 call price for 20% profit

@daishi15 10 ай бұрын

Good thing for Consumers , Capital One, Discover