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Discover® Card Pays Tribute To U.S. Troops By Offering Military Members And Their Families Double Cashback Bonus® On Purchases Made At U.S. Military Bases Worldwide

May 18, 2009

RIVERWOODS, Ill.--(BUSINESS WIRE)--May. 18, 2009-- Discover Financial Services (NYSE: DFS) announced today that it will once again reward Discover Cardmembers with Double Cashback Bonus® or Double Miles when they make purchases at U.S. military bases from Memorial Day through Labor Day. Double rewards will be given automatically on up to $1,000 in Discover® Card purchases at these bases.

“We’re excited to offer this unique military-focused promotion again given that it was well- received among our cardmembers as a valuable way for them to spend smarter and save more,” said Julie Loeger, senior vice president of brand and product management at Discover Financial Services. “We know this challenging economy has taken its toll on many, so we’re hoping to provide a little something extra to military members who contribute so much to our country.”

The program will include military installations in the United States and overseas, and includes purchases made at commissaries, exchanges, shopettes/convenience stores, exchange catalogs, exchange online stores and exchange gas/service stations on-base. Cardmembers can learn more at Discover.com/military.

To coincide with this promotion, Discover is, once again, proud to welcome Operation Homefront as a Cashback Bonus Partner from mid May through Labor Day. Operation Homefront is a non-profit organization that provides emergency assistance and morale to our troops, their families and to wounded warriors when they return home, and has provided critical assistance to more than 45,000 military families in need.

Discover Card’s consumer credit cards are founded on a commitment to helping cardmembers earn more meaningful rewards while giving them more choices and allowing them to spend smarter. Discover Card has launched the following tools to help cardmembers manage debt better:

  • Spend Analyzer: The Spend Analyzer helps cardmembers better understand their spending habits by providing a visual representation of their Discover Card purchases through graphical charts that organize their purchases into useful categories such as travel, supermarkets and gas. The tool also allows cardmembers to take a closer look at their spending, with the ability to drill down to view greater detail and compare spending behavior over time. Visit www.discover.com/spendanalyzer.
  • Paydown and Purchase Planners: Calculators that give cardmembers the personal information they need to help pay down their balances or understand how a purchase could affect their monthly payment. Visit the Account Center at www.discovercard.com/paydown.
  • Discover.com Mobile: This mobile version of the Discover Card Web site allows cardmembers to manage their credit card account directly from their mobile phone's browser. The new mobile Web site offers a simplified version of the Discover.com account summary interface. Visit www.discover.com/mobile.

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. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover Card, America's cash rewards pioneer, and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts. Its payments businesses consist of the Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 185 countries and territories. For more information, visit www.discoverfinancial.com.

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Source: Discover Financial Services

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