Riverwoods, Illinois, April 18, 2007 –
Discover Financial Services LLC, a business
unit of Morgan Stanley (NYSE: MS), has announced
the launch of its new Discover® Business Miles
Card, which gives small business owners a way
to earn miles faster and the ability to travel
with no restrictions. Discover Card is introducing
the new Business Miles Card following last year's
successful debut of Discover Business Card as
another way to provide more flexibility and control
to America's small business owners.
“Small
business owners have been asking us to offer a
miles card that eliminates complicated redemption
rules, limited flight selection and black-out
dates,” said Sastry Rachakonda, director of the
Discover Business Card. “We built a Business
Miles Card that lets them fly on any airline at
any time and earn Double Miles on purchases that
are important to them.”
The Business
Miles Card provides a superior rewards experience
for any cardmember who wants to travel without
restrictions. Unlike some other miles programs,
with the new Business Miles Card, cardmembers
can book their own travel, through any travel
source, at any time – any airline, cruise, hotel,
vacation package or car rental. That way, they're
not tied to restrictive rules and can travel at
times that make the most sense for their business.
Discover Business Miles cardmembers also
receive the same innovative features, unmatched
customer service and fraud protection built into
the Discover Business Card.
Product
Features Travel With
No Restrictions •Choose how you want
to book your travel, whether it's through an airline
or travel agent - even online travel sites.
•Select any airline, cruise, hotel, vacation
package or car rental with no advance booking
and no black-out dates.
• Pay with your
Miles Card.
• Redeem your available Miles
for account credits for your travel purchases.
Earn More Miles Faster
•Earn Double Miles on travel and gasoline
purchases, up to $5,000 each year.
•Earn up
to one Mile for every dollar you spend on all
other business purchases.
•Earn .25 Miles
for every dollar on purchases made using Fee-Free
PurchaseChecks at vendors and merchants where
credit cards are not accepted.
•Earn unlimited
Miles that never expire for active cardmembers.
Redeem Faster with More Options
•Redeem your Miles for travel credits to your
account or cash starting at just 5,000 Miles.
•Redeem your Miles for gift cards from our
brand-name Partners starting at just 1,000 Miles.
Flexible Payment and Control
Tools • PurchaseChecks: Unique
fee-free PurchaseChecks let small business owners
pay merchants and suppliers who do not accept
credit cards, allowing cardmembers to earn Miles
and receive the same standard APR and payment
grace period as card purchases.
•Employee
Cards: Free employee cards with real-time customizable
limits and monthly spend reporting ensure that
small business owners have the necessary oversight
and control they need to give cards with confidence
to their employees.
•Extensive Reporting and
Control: Online quarterly and annual statements
by category, downloadable to Quickbooks®, help
ensure easy tracking of expenses and streamlined
bookkeeping, especially during tax season. Simple,
yet extensive, online account management tools
help small business owners pay bills, redeem rewards,
track or categorize expenses, and set up e-mail
alerts to help them stay on top of their finances.
•Business-Sized Credit: The Discover Business
Miles Card offers highly competitive rates and
business-sized credit limits up to $50,000.
Small business owners can learn more about
and apply for the Discover Business Miles Card
by calling 1-888-DISCOVER (347-2683) or visiting
www.discoverbiz.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 Contacts Jon
Drummond
Discover Financial Services LLC
(224)
405-1888
jondrummond@discoverfinancial.com
Daniel Delson
Robinson Lerer &
Montgomery
(646) 805-2036
dmd@rlmnet.com