I’ve never tried it, but would be surprised if they did. I also don’t expect their laxity to continue too long once CapOne gets their hands in the pie.
Yes. You just cant have more than 2 Discover cards at a time. And you may or may not need to wait for the newly closed account to report on your credit before applying for the next card.
2 Likes
And 28 months later the repercussions are beginning to appear.
I received a letter today:
On May 18 2025 Capital One Financial acquired Discover Financial Services. After reveiew of the banking relationship with the account ending in XXXX, we have decided to close this account in accordance with the terms and conditions of the Deposit Account Agreement. Your account ending in XXXX will be officially closed between 9/15/2026 and 9/30/2026.
The account number listed is my Discover Savings account. There is no mention of my Discover Checking account, or my kid’s custodial savings account. The savings account is 20 years old, originally an Etrade Savings account that Discover acquired.
I’m not expecting that they are targeting only old savings accounts, so I expect to receive at least one more letter soon. I havent had a Capital One account in over 10 years, so their memory is long.
I’m now hesitant about Discover credit cards - I just finished a 1 year double cashback promo, and was going to rinse and repeat next month. If they shut down credit cards too, I doubt they’ll honor whatever double cashback has been earned to date.
I suspect the loophole of applying for a new Discover card every year to take advantage of the higher first year cash back is going to end. Capital One seems like they are preparing to do a house cleaning to eliminate the things that made Discover worthwhile.
Are you banned from C1?
What else have you heard? They did a few good things: added a 5% C1travel benefit to the Discover It card and credit line reallocations between C1 and Discover. I expect they’ll close the Discover MMA (or convert to checking) because C1 never had MMA, but that’s all I can think of. I wouldn’t be surprised if they keep the cashback debit, since IIRC the Discover network is not subject to the Durbin fee caps.
1 Like
Yes, as far as I know. It’s been 10 years and a settled lawsuit ago, but this seems to confirm the blacklist is still in play.
Maybe you are correct, and they tried to convert my savings to their product which I am banned from, while they’ve left the checking alone so that hasnt been filtered against their blacklist.
I do know I’ve been getting my $30 debit cashback each month, and without a savings account I dont know what happens to that? Google says it can be redeemed directly to the checking account, but I’m not finding that option.
Does anyone know if the monthly small account credit will go away with Capital One?
It changes from $2 forgiveness to $1 forgiveness unfortunately.
1 Like
If they merge the Discover credit card products into the Cap1 platform. As of now, Discover credit cards are still available as Discover products, only banking has been shut off and redirected to Cap1 products.
Not entirely true. I had two Discover cards. One of them has been merged over to the Cap One platform and now only forgives up to $1. The other one(for whatever reason) hasn’t merged over yet and it still forgives $2. I also have a checking and savings and neither has merged over to Cap One. I think they’re doing it all in waves.
Seems like merging the platforms might be a recent development as of a couple weeks ago: Discover Cards Transition To Capital One Website & App (On July 27, 2026) - Doctor Of Credit
I find that strange. You can still apply for Discover cards from Discover (“Discover by Capital One”), while no new Discover banking applications have been available in a while.
Clicking Apply Now on the Discover website redirects you to the Cap One website to apply so you’re applying via Cap One now.
I hadnt gone that far, thanks. I guess that is reason to be a little optimistic, that they’re maintaining the Discover brand marketing and benefits on the new system, while the Discover banking was effectively discontinued and redirected to Cap1 products.
Discover credit card management is moving to C1 platform in batches. First was July 27, next is October 19, and likely the final one will be in January (https://www.reddit.com/r/CreditCards/comments/1vauyy3/comment/p0odfyp/)
As far as I know the banking accounts have not moved and I haven’t seen anything about this. I am guessing there will be changes (debit card cash back, money market) and they probably need to provide sufficient notice.
Has this been confirmed? I wouldn’t be surprised if it was the other way around (i.e., C1 cards that went to Discover network are upgraded to $2 forgiveness) 
I can only speak from my personal experience. I had $1.06 from Hulu that was forgiven for years and once it transferred to Cap One, it didn’t forgive.
3 Likes
I’m going purely off the fact that the banking products have been removed from the Discover website entirely, while credit card applications are still being solicited. The fact you cant even reference Discover checking or savings products on the Discover website makes it pretty clear that existing Discover bank accounts are going to become branded Cap1 accounts at some point. While they are still issuing Discover branded credit cards - indicating Discover wont be relegated to being a little network logo stamped at the bottom of Cap1 cards (like Visa or Mastercard)..
Maybe. I suspect the Discover card portfolio is valuable, better not fix what isn’t broken. Discover was my first CC. I got it in college, with nothing to my name. I think that built a bit of loyalty in my brain .
1 Like
Same here. I’ve gone through nearly a dozen second accounts, but that original account is still open and is over 30 years old.