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News: Capital One Completes Merger With Discover - Credit-Land.com

Capital One Financial Corporation officially completed the acquisition of Discover Financial Services on May 18, 2025.

The deal was initiated in February 2024, when Capital One announced its plans to acquire Discover. The acquisition was approved by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency on April 18, 2025, and by the Delaware State Bank Commissioner on December 18, 2024. Stockholders of Capital One and Discover voted in favor of the deal on February 18, 2025.

While the deal is official, Capital One is not planning to make any significant changes to Capital One and Discover customer accounts and banking products any time soon. So, if you have a credit card from either credit card issuer, do not expect any changes to hit your cards right away.

If you have a Capital One or Discover credit card, you do not need to take any action. Your card will continue to be served through their respective Capital One and Discover customer tools and channels.

Capital One intends to continue to offer Discover credit card products as Discover-branded cards alongside the other consumer cards currently offered by Capital One. The Discover®, PULSE®, and Diners Club International®networks will join Capital One's suite of offerings.

Discover informed existing cardholders that their cards are now a part of Capital One. Discover customers can still log into their credit card account at Discover.com and their rewards, account numbers and benefits remain the same for now.

There is no information about whether Capital One will switch all their credit card products to the Discover payment network. But it's quite possible that Capital One credit cards may run on the Discover network one day. For now, Capital One cardholders may rest assured that their cards will still use Visa or Mastercard networks.

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