In a recent press release, Capital One™ announced the acquisition of HSBC’s US credit card branch. Announcement of the $2.6 billion purchase, completion of which is anticipated in the second quarter of 2012, immediately caused over a 2% jump in Capital One stocks.

HSBC, which bills itself as “The world’s local bank,” is headquartered in London, UK, and is the second largest banking and financial services group in the world, according to Forbes. The transaction, once completed, will position Capital One among the leading credit card service providers in the nation. According to the press release, “The acquisition includes ongoing private label and co-branded partnerships as well as infrastructure and capabilities that significantly enhance Capital One’s partnership platform for future growth.”

With an eye toward the future, Capital One is projecting significant returns for investors, up to approximately 25 %, as early as 2013 and is anticipating an earn back period of only four years after the completion of the acquisition. In addition, the expansion of Capital One’s credit card franchise will enhance the long-term generation of capital for investors.

On HSBC’s part, the move signals confidence in Capital One’s experience and ability in the credit card business as the completion of the transaction is nearly a year away. In the meanwhile, HSBC is assuring current card holders that they need anticipate no immediate changes to the credit card programs already in place. HSBC has stated that all HSBC card holders should be able to use their credit cards like normal. Capital One has made similar assurances that there are no changes scheduled for the near future and cardholders should expect to use their credit cards like they always have.

Looking forward to a smooth transition that benefits all parties involved, including American consumers who take advantage of Capital One’s or HSBC’s credit card services, Capital One will be offering employment positions to all HSBC’s personnel currently working for the branches involved in the Capital One acquisition.

Capital One Chairman and CEO, Richard D. Fairbank, stated, “We are very excited to work with our new retail and co-branded partners, as well as the HSBC associates who are joining Capital One. Together, we look forward to providing exceptional value and service to our new customers.”

Looking for a way to earn mileage rewards faster? The Capital One Venture card may be just the ticket! Capital One has announced that when you are approved for a new Venture credit card it will match up to 100,000 miles you’ve already earned with another airline credit card rewards program.

The new program is called the “Venture Match My Miles Challenge,” and it’s for a limited time only.

The process to gain the matching miles is simple. Apply for the Capital One Venture Rewards credit card. When you are approved, go online to register. Submit a document proving your airline miles earned with your other airline rewards card. Spend $1000 during the first three months you have your Venture card, and Capital One will match your miles. Plus, you get to keep the miles you already earned with your other card.

In addition to matching already earned miles, Capital One is throwing in a one-time bonus of 10,000 miles for new account holders when they spend $1000 within 90 days of opening their account.

Too good to be true? It gets better! The Capital One Venture Reward card usually has a $59 annual fee, but when you apply for a Venture card during the “Venture Match My Miles Challenge,” the first year’s annual fee will be waived.

If you have excellent credit, the Venture card is an excellent idea. Venture Reward card holders will find that it’s both easy to earn mileage and easy to use reward points. With the Venture Card, for every dollar spent, you earn two miles. That’s double the normal reward earnings. Capital One has the consumer in mind because there is no limit to the mileage you can earn, the mileage points you earn never expire, and you never have to worry about blackout dates when you use your Venture Rewards mileage. Venture Rewards miles can be redeemed for flights, hotels, car rentals, merchandise, or cash.

Capital One Venture card offers the flexibility you desire, the control you need, and the rewards you deserve.

Don’t wait to take advantage of the matching miles offered by Capital One. The “Venture Match My Miles Challenge” only lasts until May 13 or until Capital One gives away one billion miles.

Now Capital One and Orbitz have more in common than just silly commercials. The two companies have partnered up to offer credit card holders the opportunity to earn incentives towards free flights, merchandise and cash rewards. The Capital One Orbitz credit cards let cardholders earn points on every purchase they make with additional points available on all eligible Orbitz.com travel, hotel and vacation purchases. Capital One has a credit card available for those with an excellent, good or average credit history. See below for details and to apply online.

Capital One® Orbitz® Visa® Signature

Capital One® Orbitz® Visa® Platinum – Good Credit

Capital One® Orbitz® Visa® Platinum

There is a Capital One Orbitz credit card for just about everyone. Earn points with no restrictions or limits on the amount you can earn. Get ready for more with Capital One and Orbitz.