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The merger between Capital One and Discover Financial Services, if it were to occur, could potentially have a significant impact on credit card users. Experts warn that this could result in lesser competition, higher interest rates, and potentially fewer benefits or rewards for consumers.
The details of how a merger like this would impact customers would depend heavily on the specifics of the merger itself. However, it’s likely that a combined company might have a larger market share and potentially more bargaining power, which could potentially lead to higher rates