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Amazon looking to buy Capital One?

Amazon is rumoured to be pondering the acquisition of Capital One. Banking Technology contacted both parties for a comment but received no response.

 

http://www.bankingtech.com/735552/amazon-looking-to-buy-capital-one/

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Re: Amazon looking to buy Capital One?

Interesting, I just got a $50 Amazon gift card sign up bonus for the 360 checking, I wonder if that is possibly connected, as they were seeing how many Amazon users would want a cap one account....

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Re: Amazon looking to buy Capital One?


gdale6 wrote:

Amazon is rumoured to be pondering the acquisition of Capital One. Banking Technology contacted both parties for a comment but received no response.

 

http://www.bankingtech.com/735552/amazon-looking-to-buy-capital-one/


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Re: Amazon looking to buy Capital One?

Makes sense, they both have cool swooshy logos. Maybe they'll buy Nike next. Smiley Very Happy

 

On a serious note it's an interesting idea. I wonder what might happen to all the Chase co-branded and Synchrony store cards if this went through. If the Amazon VS was Cap1 I'd app now.

 


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Re: Amazon looking to buy Capital One?

Interesting. Thanks for the post.


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Re: Amazon looking to buy Capital One?

"Stored value cards" is just  fancy name for gift cards, I assume?

 

 Interesting logic, interpreting them as "deposit accounts."  I guess technically you are "depositing" money into an "account."  But who actually considers their gift cards as an actual deposit account asset (on the consumer end)?

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Re: Amazon looking to buy Capital One?


Dalmus wrote:

"Stored value cards" is just  fancy name for gift cards, I assume?

 

 Interesting logic, interpreting them as "deposit accounts."  I guess technically you are "depositing" money into an "account."  But who actually considers their gift cards as an actual deposit account asset (on the consumer end)?


Quite a few of the under-30 crowd?  And a large segment of the "unbanked".

 

Stored-value Visa/MC cards are being pushed to many demographics as a checking account in all but name...

 

Payroll direct deposits can go to some (some companies push that as the default payment method, with cards they supply, even).

 

Welcome to the world of "millennial finance".  (You may not enjoy your stay...)

 

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Re: Amazon looking to buy Capital One?

Seeing that three of my four cards (Amazon Prime Store, Cap One secured and Cap One unsecured) are either Cap One or Synchrony, I am also very interested in how this would affect all those accounts if Amazon does buy Cap One. Being candid, I wouldn't say no to having my Synchrony Amazon Prime Store card converted to an Amazon Visa...

Rebuilding credit since 2015 (BK filed 8/14, discharged 12/14) - started out in 570's, now approaching 700 (FICO 5/12:TU 640/EX 675/EQ 659 FICO 8 or 690 NG 2, VS 3.0 4/21/17: TU 683/EX 685/EQ 691)! $951 Cap One secured/$3000 Cap One unsecured/$800 Amazon Prime Store Card/$2500 Discover It )/$4000 Overstock Store Card/$10k PenFed used car loan/$5k Navient student loan. Back in the garden until Sept. 2017 unless I get an offer I can't possibly refuse...

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