Capital One-Discover merger could put a bigger squeeze on credit card users, experts warn

A merger between Capital One and Discover could potentially result in less competition in the credit card market and might lead to higher interest rates and fewer incentives, according to industry experts. The larger size of a combined entity may also limit choices for businesses and consumers. However, it’s essential to note that no such merger has been announced, and this is merely a hypothetical scenario. At the same time, such a merger may have benefits too, such as more comprehensive services or improved customer experience due to combined resources.