Credit Cards Could Benefit Capital One, J.P. Morgan

Big portfolios of plastic work here (just look at Citi). These companies look like solid plays.
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Credit cards are on fire. They are just rocking. That was the real takeaway of

Citigroup

(C) - Get Report

.

I urge you to consider two other stocks of companies with big credit-card portfolios:

Capital One

(COF) - Get Report

, which reports earnings after the bell Wednesday, and

J.P. Morgan

(JPM) - Get Report

which reports earnings Wednesday morning.

Both stocks are cheap. Both stocks really benefit from both the yield curve here and the improving economy (read: lack of defaults.)

I like this Capital One so much, I would be buying the November 55 and 65 calls if I could. That way, I could begin selling common when (if) it exploded upward, yet still have tons of exposure if it

pulled a

Countrywide

(CFC)

.

J.P. Morgan doesn't have that firepower. I own the common shares, which I think will trade to $40.

These two stocks could be the right way to play the next 48 hours around here.

Go get 'em.

At the time of publication, Cramer was long J.P. Morgan.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made.

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