This NEW Credit Card NEWS Is BAD News For Capital One
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- čas přidán 27. 05. 2024
- xThis new credit card news is bad news for Capital One.
Walmart credit card holders will soon have a new co-branded partner.
The credit card partnership between Capital One and Walmart is officially over with.
And that might just be the beginning of the bad credit card news for Capital One.
In this video, I explain how I believe this is just the start of bad news in regards to credit cards for other banks as well.
If you have a credit card, you want to watch this video.
What do you think of this new credit card news?
#creditcard #creditcards #creditcardnews #creditcardadvice
Article referenced in the video: apnews.com/article/walmart-ca...
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Thank you to everyone who watched this video. Be sure to "LIKE" the video and also, my 'E-Book 'Strategies to Master Credit' is available here: mastercreditbook.com/product/personal-debt-management
I’m still hoping that the Discover-Capital One merger gets struck down.
Me too. I want to get a good credit limit after my chapter 7 discharge is 2-3 years old.
Indeed. Thanks for watching, Tristin.
Ever since the announcement, I've thought of it differently than most people. Cap One mostly wants the network. I could see them keeping the Discover It Cash, but the rest of the Discover cards are junk. I could see them moving the lower tier Capital One to Discover branding (ie. "Discover Savor" "Discover Quicksilver" etc). Those cards would move over to the Discover network. As a matter of fact, I could see them changing the name of the combined company to Discover because Discover has a better reputation.
Word on the street is the government has an agenda to level the playing field with Mastercard and visa payment network market share and discover is not only an issuer but a payment network as well. So if the government approves this merger, it will help the government achieve that agenda🤷🏽♀️Btw, I’m not excited about this either but I think it’s gonna happen. We won’t see the fallout from this for a few years though.
@@therelentlesslyempowered I understand what you’re saying, but I’d understand it, a lot more, if it was Discover acquiring Capital One.
Right on brother, every situation is different
Thanks for watching, Larry.
My wife has the Walmart Card. I told about this when walmart was first complaining about Cap1 customer service and saying they want to break with them.
Remember that Amazon almost left Chase a couple years ago because they wanted Chase to be less strict with approvals.
Yeah, I hear Capital One complaints often. Thanks for watching, Sledge.
I have a Cabela’s credit card thru Capital One. Never had a problem with them, replacement card sent when fraud detected and was received in four days. Good experience with them.
When verifying information be sure to consider the source often people fall into conformation bias because the only source they consider are the ones they already agree with.
They should verify information no matter the source. Thanks for watching.
Great update
Thanks for watching, Lani.
Thank you Nell for the video and information! I don’t have Capital One but I know many people that do and I will share this with them. Thanks again!
I appreciate it, Joe. Thanks for stopping by.
Thanks for the update Nell!🫵
Thanks for watching, Cesar.
I have had a Discover Card for 2 decades and I'm not excited about the merger. But only time will tell
Me neither. Thanks for watching, Chanreka.
Capital One does the same thing with their checking accounts; evidently to eventually charge extra possible fees and/or purposely negate the actual dollar amounts of accounts????
Best Buy was with HSBC back in the early 2000’s if I remember correctly.
I believe so. Thanks for watching.
Right. They were.
I have had cap 1 cards over 10 years. No issues.
I thought abt the Walmart cart,but do not really need another card
Thanks for watching.
I've had Capital One for over 20 years, they took over Walmart credit - made it worse. I have no doubt they'll destroy anything else they merge with.
Thanks for watching.
Capital One does the same thing with their checking accounts; evidently to eventually charge extra possible fees and/or purposely negate the actual dollar amounts of accounts????
Capital One does the same thing with their checking accounts; evidently to eventually charge extra possible fees and/or purposely negate the actual dollar amounts of accounts????
Thanks for watching.
I don’t have any Capital one cards. Great info 👏🏾
Thanks for watching, Tasha.
These corporations give credit card companies access to their pipeline of customers so you would think the credit card companies would do what it takes to maintain that customer bases instead of making payment posting difficult or wasting consumer's time with horrible credit limits, fees, and interest rates.
Thanks for watching.
They don't care as long as shareholders and investors are raking it in. If the CEO can't make a ridiculous amount over 7 figures, they aren't screwing us over enough.
for some reason, I did not get approved for the Walmart CapOne card...oh well..
I'm sorry to hear that. There are other cards. Keep going! Thanks for watching, Yvonne.
Capital One will absolutely destroy Discover. I have a Discover credit card and Capital one will ruin Discover in banking and credit cards.
Thanks for watching.
Nell, I believe Best Buy was issued by HSBC back in the day.
I believe so. Thanks for watching, Joe.
Walmart should Partner with American Express.
Possibility. Walmart is currently a reward partner with them for some cards. Thanks for watching.
You mean no more tri-pull to get a Walmart card?
Right. Thanks for watching.
Walmart is linking up with one of those buy here pay here services is what I heard.
Source? Drop the source, please. Thanks for watching.
Tightening the chains on the debt slaves who will think this a great idea
not surprised ..
Indeed.
Have Cap 1 will not easily inctev limit...4 cards
...good credit 🙁
Thanks for watching, Phyllis.
do a video on the new trend, the 8 dollar late fee backlash is coming, synchrony raised the rate of some cards to 34.99, Usaa just jacked the balance transfer fee from 3 percent to 5 percent and my amazon gift card minimum went to 5.00 per transaction. All of this in 30 days from an 8 dollar late fee rule.
Definitely. Thanks for watching.
Wal-Mart is just trying to push its ONE card by Coastal Community Bank. This has been in play for awhile, no need for anyone to worry.
Thanks for watching.
I drive for Walmart, they are going hard on the One Card for earnings. No thnaks, lol.
Exactly. Capital One is dope IMO! Walmart is greedy, period!
Discover rocks!
Great card! Thanks for watching, Mike.
You from Detroit?
No. NY.
It's a good thing I only have $200 bal. I'll pay it off and be done w/ it.
Thanks for watching, Joel.
it's probably going to be comenity bank
Thanks for watching.
I think Comenity/Sychrony was the prior issuer of the Walmart card, can't remember.
they getting to big
Thanks for watching, Autry.
I have the Walmart credit card 😅
Thanks for watching, Chryston.
Regrettably! Me too!
So most credit card holders dislike Capt 1?
I wouldn’t say most. There are a good amount of them who don’t, though. Thanks for watching, Jarabee.
🧢pital one
Thanks for watching, Julio.
Lol
Walmart probably do better with comenty Bank or synchrony Bank
walmart had synchrony before and drop them for Cap1
Thanks for watching, Jeffrey.