Capital One-Discover Merger: How the $35B Deal Could Impact Your Finances

Capital One and Discover Financial Services' $35.3 billion merger may impact daily banking, credit card usage habits, and financial situations. The merger could lead to a stronger value proposition for debit cards, offering 1% cash back on up to $3,000 in debit card purchases per month. Credit card interest rates and fees, as well as rewards, may change, potentially affecting consumers' credit card habits. Consumers may need to adjust their approach to daily banking and credit card usage to maximize benefits or find alternative lenders.