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Discover(R) Card Launches Insurance Center

March 26, 2008

Informative Web Site Serves as a Central Source for Independent Insurance Quotes

RIVERWOODS, Ill.--(BUSINESS WIRE)--March 26, 2008--Discover Financial Services (NYSE: DFS) announced today the launch of the Discover Insurance Center, an easy-to-use Web site that offers consumers auto, homeowner's, and term life insurance, as well as home warranty plans from trusted, reputable providers.

The insurance providers included on the site were subjected to an extensive pre-screening process to ensure they best met consumers' needs. They offer high quality products, a simplified and convenient quoting process and deliver superior customer service.

In addition to offering quick insurance quotes, users can access the Insurance Center's Knowledge Builder tool that features valuable, unbiased articles and money-saving tips, as well as other insurance-related information intended to help them make a more informed purchase decision.

"The Discover Insurance Center makes it easier for consumers to shop for and compare various insurance offerings. The comprehensive site provides reliable, quality products from leading providers," said Karin Giffney, vice president of protection products at Discover Financial Services. "In short, we did the homework so consumers don't have to."

The following insurance products are available through the Discover Insurance Center (www.Discovercard.com/insurancecenter).

Auto Insurance and Homeowner's Insurance: Consumers can save time and money by going through the Discover Insurance Center to get side-by-side comparison quotes from leading auto and homeowner's insurance providers. Answer Financial Inc., Discover's preferred provider, enables consumers to compare prices and purchase policies from well- known, highly- rated insurance carriers including Esurance, Progressive, Travelers, AIG, Safeco, The Hartford and more.

Term Life: Term life insurance is designed to provide financial security for family members when it's needed most. It also can help consumers bridge time periods when they expect to have significant financial commitments like paying for college tuition, future weddings, or help paying off a mortgage. Through the Discover Insurance Center, consumers can get high quality term life insurance through a quick and easy quoting and application process with no medical exam required. Insurance is provided by Garden State Life, a leading provider with over 50 years of experience.

Home Warranty: Although it is not an insurance product, a home warranty is a service contract that can help protect the consumer from unexpected repair costs associated with covered breakdowns of many home systems such as heating, electrical, plumbing and major appliances. If the covered item cannot be repaired, it will be replaced. American Home Shield (AHS), an industry leader for over 35 years, is the Insurance Center's preferred home warranty provider.

Giffney continued: "The Discover Card Insurance Center is an example of our commitment to providing consumers with a new kind of relationship with a credit card company, one where everything is focused on delivering straight-forward, meaningful value."

To learn more about the Discover Insurance Center, please visit www.Discovercard.com/insurancecenter.

About Discover Financial Services

Discover Financial Services (NYSE: DFS) is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. The company operates the Discover Card, America's cash rewards pioneer. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Its payments businesses consist of the Discover Network, with millions of merchant and cash access locations, and PULSE, one of the nation's leading ATM/debit networks. Discover also operates the Goldfish credit card business in the United Kingdom. For more information, visit www.discoverfinancial.com.

CONTACT: Discover Financial Services
Mai Lee Ua
224-405-3082
maileeua@discover.com

SOURCE: Discover Financial Services