Have a Capital One Credit Card? The Discover Merger Could Change How You Pay [CNET News]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: CNET News
"Capital One has said that it will transition its cards from the Visa and Mastercard payment networks to the Discover card network," said Jason Steele , a CNET Money expert review board member and credit card expert. If you're a Capital One cardholder, this could limit where you can use your credit card. How a Capital One payment network change could impact you Discover is one of the four major credit card networks , along with Visa, Mastercard and American Express. Right now, Capital One offers both Visa and Mastercard credit cards but would shift to Discover if the acquisition goes through. Why does this matter? Discover's network is smaller than Visa and Mastercard and isn't accepted everywhere in the US or abroad. "While many countries where Discover isn't widely accepted are places that aren't popular tourist destinations, some are," Steele said. For example, Discover isn't accepted in Panama, Kenya and Serbia, according to its website . In countries where Discover is
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