Tl;dr – With Capital One’s acquisition of Discover Financial Services now complete, I received an interesting email that makes me wonder what the future holds for Discover cardholders.
A few weeks ago, I wrote about how Capital One had cleared a significant regulatory hurdle on its way to acquiring Discover Financial Services. Last week, Capital One formally completed its acquisition of Discover, and the two entities are now one. While changes to cardholder accounts are not expected at the two respective banks, is that a temporary stance? An email I received from Discover seems to open that door. Let’s dive in!
I’m a Discover cardholder. I opened a card several years ago, and while I don’t use it regularly, I occasionally make a small purchase to keep the credit line open and active. This weekend, I received an email from Discover covering “the Capital One and Discover merger” and what it “means for [me].”
Aww, shucks.
A few lines of the email caught my attention:
As my card is now officially issued by Capital One, the natural question arose: Can I change this card to a different Capital One product, perhaps one that I would actively use?
I haven’t tested this, but I plan to call in and investigate once I get some free time. My Discover Card (like all Discover Cards) has no annual fee, so I’d be curious if Capital One is open to letting me change to a card with an annual fee, which seems like a good deal for them.
If anyone has made moves on this and has some data points, please share them in the comments section.
