Why Capital One cardholders are getting a discover card in the mail....

Why Capital One cardholders are getting a discover card in the mail.... are you one of the capital one card holders that just got your discover card in the mail and you're like oh I don't want this card Uber doesn't even take discover if you go outside the US they don't even take discover why am I getting a new card just because my bank bought discover so just because my bank bought discover so discover has actually been looking for a buyer for a really long time allegedly in 2012 Allegedly in 2012 Google was going to buy discover when they worked on the Google Wallet card together that didn't pan out on the Google Wallet card together that didn't pan out but in 2024 when the OCC but in 2024 when the OCC finally approved Capital One's purchase of discover finally approved Capital One's purchase of discover it ended the company's decade long search for a it ended the company's decade long search for a buyer buyer so you're probably wondering so you're probably wondering why does discover need a buyer so badly why does discover need a buyer so badly what are they doing so wrong what are they doing so wrong well discover is just like Amex well discover is just like Amex in the sense that they're in the sense that they're both banks they're both card networks that issue cards and they are both payment processors payment processors unlike Amex though discover actually has lower fees discover actually has lower fees you've probably walked into a business and you're you've probably walked into a business and you're trying to use your Amex trying to use your Amex card and they're like sorry we don't take card and they're like sorry we don't take Amex Amex just charges really high fees Amex Amex just charges really high fees discover fees are actually discover fees are actually on par on par with visa and Mastercard with visa and Mastercard but unfortunately of those but unfortunately of those four card networks discover four card networks discover actually processes actually processes the least amount of transaction volume and as a card the least amount of transaction volume and as a card network network that's bad because that means you get less money that's bad because that means you get less money and that means you have less and that means you have less capital to invest in things like international exposure capital to invest in things like international exposure so that people can use your card in places like so that people can use your card in places like France or Spain or Portugal France or Spain or Portugal or Japan or Japan and then that also makes your card and then that also makes your card less attractive to card issuers less attractive to card issuers and then back to like having less volume and then back to like having less volume so if Capital One comes in and pumps up the volume so if Capital One comes in and pumps up the volume with its hundred million card holders with its hundred million card holders not only will Capital One get to keep not only will Capital One get to keep all of the money on every transaction that you make all of the money on every transaction that you make because it doesn't have to give money to visa and because it doesn't have to give money to visa and Mastercard to issue you a card Mastercard to issue you a card it also could contribute to the resurrection it also could contribute to the resurrection of an underdog that could bring of an underdog that could bring some much needed competition to American some much needed competition to American Express Express and then that is good for all and then that is good for all of us of us and I would encourage you and I would encourage you to look at this as you to look at this as you contributing to a rebrand contributing to a rebrand and you can say that you and you can say that you were here first you know were here first you know you *re-built discover single you *re-built discover single handedly handedly brick by brick by using your card in places