{"id":152456,"date":"2026-07-30T20:15:23","date_gmt":"2026-07-30T20:15:23","guid":{"rendered":"https:\/\/awardwallet.com\/blog\/?p=152456"},"modified":"2026-07-30T20:15:23","modified_gmt":"2026-07-30T20:15:23","slug":"capital-one-discover-merger","status":"publish","type":"post","link":"https:\/\/awardwallet.com\/news\/credit-cards\/capital-one-discover-merger\/","title":{"rendered":"Capital One Begins Migrating Discover Accounts \u2014 Here’s What Discover Cardholders Need to Do Now"},"content":{"rendered":"

One of the biggest financial developments of the decade has been Capital One\u2019s acquisition of Discover. The $35.3 billion all-stock deal<\/a> is on track to significantly reshape the credit card and digital banking industry.<\/p>\n

The regulatory process unfolded over the past few years, with the merger officially approved on May 18, 2025. But finally, this week, the Discover cardholders are seeing their accounts moved over to the Capital One website.<\/p>\n

Here's exactly what to expect and what it means for your rewards, payments, cash back, and more.<\/p>\n

Timeline of Capital One\u2019s Merger With Discover<\/span><\/h2>\n

Capital One and Discover first announced plans to merge in early 2024, with Capital One set to acquire Discover in an all-stock deal valued at $35.3 billion. Over the following months, the merger progressed through the regulatory process, clearing key milestones, including approval from the Delaware State Bank Commissioner<\/a> in December 2024.<\/p>\n

It also passed broader governmental scrutiny when the U.S. Department of Justice declined to challenge the deal<\/a> in April 2025. On May 18, 2025, the merger was officially approved, and Discover Bank is now part of Capital One. A little over a year later, on July 27, 2026, Discover accounts began migrating to Capital One, though this process will last through 2027.<\/p>\n

In the wake of the merger, the banks have begun addressing some of the big questions consumers have about Discover cards, banking services, and more. This Capital One page<\/a>\u00a0covers many of the most common topics, and we\u2019ll review some of the most important card-related takeaways below. You can also find a full list of FAQs on a dedicated page<\/a>.<\/p>\n

The most important thing to know is that Capital One began migrating Discover accounts to Capital One on July 27, 2026<\/strong>. However, Capital One has made it clear that migrations will happen in waves, so you'll need to look out for an email or letter in the mail with individual account information.<\/p>\n

\"overhead
Credit: Nathan Dumlao\/Unsplash<\/em><\/enter><\/figure>\n

How to Set Up Your Discover Account in Capital One<\/span><\/h2>\n

Now that the migration is officially underway, let's take a look at the process for setting up your Discover account in Capital One.<\/p>\n

When you log in to the Discover website, you'll be presented with a pop-up informing you that you're now being moved over to the Capital One website. If you already have cards with Capital One, or a Capital One login, you'll see your username populate here:<\/p>\n

\"Information
Screenshot of Discover<\/em><\/enter><\/figure>\n

Next, you'll be asked to confirm that all of your contact information (phone numbers and email address) is correct.<\/p>\n

If you already activated your 5% bonus on the Discover card, you'll get a confirmation, along with the amount of your rewards balance. Your quarterly bonus category will stay the same.<\/p>\n

\"Information
Screenshot of Capital One<\/em><\/enter><\/figure>\n

Once you log in, you should see your Discover card listed alongside any Capital One accounts. In my case, my checking account appears along with the two Capital One cards that I have. You'll also notice that it lists the amount of rewards points you have next to the cash rewards that you have. This is a pretty clear indication that you won't be able to convert your Discover cash back to Capital One miles.<\/p>\n

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Screenshot of Capital One<\/em><\/enter><\/figure>\n

Once you log in to your rewards account, you'll see many redemption options available to you. The gift cards option is still there, which is the one I used almost exclusively when I redeemed my cash back with Discover.<\/p>\n

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Screenshot of Capital One<\/em><\/enter><\/figure>\n

One of the best features of redeeming for gift cards was the ability to get a bonus or discount. Luckily, these are still there. You can get anywhere from 5% to 20% off gift cards redeemed through the portal.<\/p>\n

\"Discover
Screenshot of Capital One<\/em><\/enter><\/figure>\n

Once your card is officially set up in Capital One, you will manage it exclusively in the Capital One app or on the Capital One website. If you have any issues, you'll contact Capital One, not Discover.<\/p>\n

What We Know about Capital One\u2019s Merger With Discover<\/span><\/span><\/h2>\n

Here's a high-level overview of the plans for Capital One's merger with Discover:<\/p>\n