Capital One & Discover Merger Updates

Some Discover users were recently sent emails about cards transitioning to Capital One on July 27, 2026.

​More information and FAQs on a Capital One website also explained some updates.

​Most importantly, will the Discover It card still be eligible for the 5% cash back?

​Yes. You can continue to enjoy the 5% cash back rewards program with your Discover it Cash Back card or Discover More card. You'll still need to activate each quarter to continue earning 5% cash back on the eligible categories for purchases up to $1,500.

Cardholders will soon access their account inside of the Capital One website and app.

​Primary cardholders will not receive a new card and can continue using the card as normal.

​An interesting development we are seeing right now…

​Capital One also listed new benefits getting added once Discover cards are transitioned:

​The most interesting one is the “Earn 5% cashback or 5X miles on hotels and rental cars booked with Capital One Travel.”

​Similar language exists on the Capital One Venture and the Capital One Savor.

​The Venture card already earns Capital One Miles, but the Savor card earns cash back that can be converted to Capital One Miles.

​So the ultimate question, will Discover cardholders be able to transfer cash back to Capital One Miles?

​No confirmation has been made by Capital One yet, but the ability to do so would be HUGE news - and language on the benefits tab are hinting at a yes.

​A cashback match in year one and 5% rotating categories means earning extra Capital One Miles could be in the cards later this year! (see what we did there 😉)

​We have to wait and see though.