Deal Benefits

Watch Capital One's founder share our vision for the combined company

Rich Fairbank, Capital One’s Founder & CEO, shares how the combination of Capital One and Discover will provide significant benefits for the two companies and their customers. Joining forces will allow Capital One to better compete with the largest U.S. banks and global payments networks. Together, Capital One and Discover can deliver exceptional banking products and experiences for customers while increasing the value of the network for merchants and consumers.

Photograph illustrating a small business owner sitting in a workshop, handling his finances with a Capital One Quicksilver card.

Here for consumers and small businesses

Focusing on our customers

Offering widespread access to low-fee credit cards, no-fee bank accounts and new products with industry-leading rewards and features for consumers
Providing ways to lower fraud and innovate through the Discover network
Scaling seamless, consumer-friendly digital and in-person experiences across a national network of branches and cafés

A young man and woman giving a talk at a Capital One Cafe

Committed to communities

Making a positive difference

Bringing benefits to the customers, communities and employees of both companies
Increasing overall lending, investment and other services for low- and moderate-income (LMI) consumers, those in LMI neighborhoods, and rural areas
Building on Capital One’s long-standing track record of "Outstanding" Community Reinvestment Act performance since 2007, and as a consistent top provider of community development lending among all banks since 2015, with $4.75 billion in national community development loans in 2023 alone

About our Community Benefits Plan

A woman checking out at a store using her Discover card via Apple Pay

Uniquely pro-competition

Bringing more competition into the payments industry

Injecting more competition in the payments network space, which is dominated by Visa and Mastercard today
Strengthening the Discover network, which today accounts for less than 4% of total credit card purchase volume, with Visa, Mastercard and American Express accounting for the remaining 96%
Leveraging scale and industry leading capabilities to enhance the competitive position of the Discover network and pass additional efficiencies on to customers, small businesses and merchants in the form of improved products, services, and offers