Riverwoods, Illinois, April 4, 2007 –
Discover Financial Services LLC, a business unit
of Morgan Stanley (NYSE: MS), today introduced
the newly enhanced Miles by Discover® Card, which
gives active cardmembers the ability to travel
with no restrictions, earn unlimited Miles that
never expire, and redeem faster with more options.
“Consumers are looking for miles programs
that allow them to fly faster without restrictions
and we've done just that with our new Miles Card.
It eliminates the need for any worries about
travel restrictions or black out dates,” said
Margo Georgiadis, Executive Vice President and
Chief Marketing Officer of Discover Financial
Services. “The new Miles Card puts consumers
in complete control of redeeming their miles,
lets them redeem for more travel options, and
offers travel credits starting at just 5,000 miles.”
The product provides a superior rewards
experience for any consumer who wants to earn
free travel faster, without restrictions. Unlike
some other miles programs, with the new Miles
Card, cardmembers can book their own travel, through
any travel source, at any time -- any airline,
cruise, hotel, vacation package or car rental.
It is built upon the same heritage of innovative
rewards, unmatched customer service and fraud
protection that serve as core elements of all
Discover Cards.
The Most Flexible
Travel Rewards Program – All for No Annual Fee
New enhancements to the travel rewards
program offered through the Miles by Discover
Card include:
• Travel With No Restrictions
- Cardmembers can choose how they want to book
their travel whether it's through an airline or
travel agent- even online travel sites. They
can select any airline, cruise, hotel, vacation
package or car rental with no advance booking
and no black-out dates. Cardmembers simply pay
with their Miles Card and redeem their available
Miles for account credits for their travel purchases.
• Earn Miles Faster - Cardmembers earn
Double Miles on travel and restaurant purchases
up to $3,000 per year, in addition to earning
one Mile for every dollar they spend on all other
business and personal purchases.
•
Unlimited Miles That Never Expire - Unlike many
travel rewards programs, there is no limit to
the number of Miles cardmembers can earn. And
for active cardmembers, Miles never expire.
• Redeem Faster with More Options - Cardmembers
can redeem Miles for travel credits to their account
or cash starting at just 5,000 Miles, or for gift
cards from over 50 brand-name Partners starting
at just 1,000 Miles.
• Best-in-Class
Travel Benefits - Cardmembers are covered by the
most complete free travel benefits offered by
any no-fee credit card. Global Traveler's Hotline
provides fast, friendly travel assistance in just
one call. Scheduled Air Travel Accident Insurance
and Car Rental Insurance also are included.
Consumers can learn more about and apply
for the Miles by Discover Card by calling 1-800-DISCOVER
(347-2683) or visiting
www.discovercard.com.
About Discover Financial Services
LLC Discover Financial Services LLC,
a business unit of Morgan Stanley (NYSE: MS),
operates the Discover Card with more than 50 million
cardmembers and the Discover Network. Discover
Financial Services also operates the PULSE ATM/debit
network, which serves over 4,400 financial institutions
and includes nearly 260,000 ATMs, as well as POS
terminals nationwide. For more information, visit
www.discovercard.com,
www.discovernetwork.com
or
www.pulse-eft.com.
Media Contact Mai-Lee
Ua
Discover Financial Services LLC
(224)
405-3082