Factbox-The biggest deals in credit card sector globally

By Thomson Reuters Feb 20, 2024 | 5:16 AM

(Reuters) – U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant.

The deal, by value, is the biggest ever to be inked in the credit card sector globally, according to data from Dealogic.

Here is a rundown of the biggest credit card industry deals across the world:

Acquirer Target Deal value Period

Capital One Discover $35.3 bln 2024


Bank of America MBNA Corp $35.19 bln 2005


Existing Synchrony $21.63 bln 2015

Shareholders Financial


Existing Discover $21.25 bln 2007

Shareholders Financial



Shinhan Financial LG Card Co Ltd $7.2 bln 2006

Group (78.58%)

Itau Unibanco Redecard SA $6.82 bln 2012

Holding SA (49.99%)

Shinsei Bank Ltd Aplus Co Ltd $5.41 bln 2004


First Data Corp Banc of $3.8 bln 2009



Services LLC


Citigroup Federated $3.6 bln 2005


Stores Inc

(Credit Card



Citigroup Sears Roebuck $3.2 bln 2003

& Co (credit

card business,


Capital One HSBC Holdings $2.5 bln 2011

Financial (US credit

card business,


* Source: Dealogic

* Deal value including debt

(Compiled by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)