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A merger with Capital One means Discover will become a much bigger threat to Visa and Mastercard. In addition, the deal would let Capital One “leapfrog” JPMorgan as the biggest credit card ...
Here’s how to decide whether a business or personal card is best for you.
On September 12, DFS launched the Discover it Business credit card, offering unlimited 1.5% cash back on all purchases, as well as free business and security features.
Discover is a credit card brand issued primarily in the United States. It was introduced by Sears in 1985. When launched, Discover did not charge an annual fee and offered a higher-than-normal credit limit. A subsequent innovation was "Cashback Bonus" on purchases. [1]
Americans have become increasingly reliant on their credit cards since the pandemic. Capital One Financial announced Monday that it would buy Discover Financial Services for $35 billion.
The four biggest card brands — Visa, Mastercard, American Express and Discover — saw more than $10 trillion in purchases in 2023, up 6.4% from the year before, according to the Nilson Report.
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