Originally Posted by
rasheed
-I think the Discover brand will remain only for the merchant network (well, the old Novus really). Discover branded cards will move to the Capital One label eventually.
-While Discover has US support, Capital One has very few, I expect most of the US support to close to achieve desired cost savings unfortunately.
-I agree that the 5 percent rotating will go away. I went through the HSBC USA to Capital One process and after awhile, all of the cards that were converted eventually lost their better rebate features.
I think #1 is likely, #2 is certain, and #3 I'm actually in the "probably not" camp. I'm sure that there's a decent number of people like me that basically use Discover exclusively for the 5% categories, but there's probably a lot of others that use it as a general spend card, and some of the 5% categories get people into habits, or change recurring billing for things like streaming services to get 5% and never change it back, even when it's at 1% (or get used to using the card at restaurants in a restaurant 5% quarter, and then continue to use it out of habit.)
Now Discover's cashback match for the first year - that's probably going to disappear under Cap1.