Capital One buying ING Direct

A place to discuss anything... except credit cards!
8 posts
jeffysdad
Centurion Member
Centurion Member
 
Posts: 875
Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Capital One buying ING Direct

Postby jeffysdad » Thu Jun 16, 2011 6:38 pm

I've been an ING Direct customer for about six years, checking and savings, and I've really loved this bank. I knew the U.S. business would be spun off as part of the deal behind the EU bailout of ING; however, I'm bummed that it's CapOne that's buying them. Any other ING customers disappointed?
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.


dfm990
Platinum Member
Platinum Member
 
Posts: 66
Joined: Sat Apr 02, 2011 2:28 pm
Location: Miami

Postby dfm990 » Thu Jun 16, 2011 11:09 pm

Yea I just read that this will make Capital One from being the eighth-largest U.S. bank measured by deposits to the fifth largest just below Citigroup. What exactly does that mean for a Capital One credit card user?
Amex Gold NPSL (35000 Approved)(11/13)
Discover It $22500 (12/13)
Bank of America Cash Rewards $7000 (3/13)
Amex BCP $6000 (12/14)
Walmart Store Card $3050 (2/10)
Capital One Platinum $2000 (3/11)
Chase Slate $1000 (1/16)

jeffysdad
Centurion Member
Centurion Member
 
Posts: 875
Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Postby jeffysdad » Fri Jun 17, 2011 7:46 am

Shouldn't mean anything for CapOne CC users. I always wished that ING Direct had offered a Visa or MC. Now that they're being merged into a CC-focused bank that takes care of that, but not in the way that I had hoped. ING Direct has been a great bank. They did a terrific job branding themselves. I read that the ING brand will stay for a year during the integration. I'll be sad to see it go.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

dfm990
Platinum Member
Platinum Member
 
Posts: 66
Joined: Sat Apr 02, 2011 2:28 pm
Location: Miami

Postby dfm990 » Fri Jun 17, 2011 11:06 am

ooh yea i could understand your disapointment :(
Amex Gold NPSL (35000 Approved)(11/13)
Discover It $22500 (12/13)
Bank of America Cash Rewards $7000 (3/13)
Amex BCP $6000 (12/14)
Walmart Store Card $3050 (2/10)
Capital One Platinum $2000 (3/11)
Chase Slate $1000 (1/16)

User avatar
Mogul of Pineapples
Centurion Member
Centurion Member
 
Posts: 1271
Joined: Sun Jun 01, 2008 11:32 pm
Location: Smogland

Postby Mogul of Pineapples » Sun Jun 26, 2011 9:25 pm

jeffysdad wrote:I read that the ING brand will stay for a year during the integration. I'll be sad to see it go.


Agree. If I were Cap One I would keep the ING label. It's such a well known, strong brand for savings I believe it's better to market the savings accounts as ING vs. Capital One.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

MB131174
Centurion Member
Centurion Member
 
Posts: 512
Joined: Mon Mar 05, 2012 10:58 am
Location: PA

Postby MB131174 » Mon Mar 05, 2012 3:56 pm

I'm an ING user myself. I have 1 checking and several savings accounts with ING. I have separate savings accounts for gifts, leisure travel, car insurance, general savings, etc. In all I think I have 6 or 7 savings accounts. I simply move a little money each pay day after my direct deposit hits to each account and when the money is needed its there! If ING is going to be fully merged into Cap One brand I'm going to be disappointed, and will look around for a new bank. Any ideas? Anyone use a bank that allows multiple and easy to use savings accounts the way I described?
stalk me
KIK: WMB1974

Celestine
Centurion Member
Centurion Member
 
Posts: 152
Joined: Tue Jan 10, 2012 1:02 am
Location: Los Angeles, California

Postby Celestine » Tue Mar 06, 2012 4:49 pm

jeffysdad wrote:I've been an ING Direct customer for about six years, checking and savings, and I've really loved this bank. I knew the U.S. business would be spun off as part of the deal behind the EU bailout of ING; however, I'm bummed that it's CapOne that's buying them. Any other ING customers disappointed?


I have been an ING Direct customer for around 7 years already. Received an email early February this year that Capital One bought ING Direct.

Right now, I am not disappointed but... I will get disappointed if my APY on my Orange Savings and IRA will get stripped down to Capital One's standards. I would find a better bank if that happens.

Hopefully, my Sharebuilder account won't suffer. Anyone knows if possible to transfer Sharebuilder investment portfolio from one broker to another without selling the stocks?
"Nearly all men can handle adversity, but if you really want to test a man's character - give him power." - Abraham Lincoln

Dylan1982
Centurion Member
Centurion Member
 
Posts: 323
Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

Postby Dylan1982 » Tue Mar 06, 2012 7:59 pm

I have been with ING since 2007. I just wish their savings rate where what they were in 2007 at 5%. My work has their 401k through ING.. Wonder what that means?
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)



Return to “The Lounge”

Who is online

Users browsing this forum: No registered users and 0 guests