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Discover® Card Today Introduced Spend Analyzer Tool

February 17, 2009
Free Financial Management Offering Helps Cardmembers Track Their Spending

RIVERWOODS, Ill., Feb 17, 2009 (BUSINESS WIRE) -- Discover Financial Services (NYSE: DFS) announced today the launch of its newest financial tool, the Spend Analyzer. This innovative, easy-to-use online tool is designed to help Discover(R) Cardmembers get a clearer view of their spending behavior, so that they know where their money goes.

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 financial 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.

Unlike existing solutions where users must import their personal data, the Spend Analyzer tool automatically gathers cardmembers' personal card spending information.

The Discover Card Spend Analyzer's key features:

  • Provide a visual representation of spending via pie charts and bar graphs
  • Enable cardmembers to track and sort spending by category, merchant or monthly spend
  • Display up to 24 months of account activity
  • Allow cardmembers to review average and total number of transactions per month

"The Spend Analyzer is the latest online tool Discover offers to help cardmembers better manage their spending," said Mike Boush, vice president of marketing strategy and new initiatives at Discover Card. "The tool helps cardmembers track where their money goes by providing an insightful, visual representation of where and how they use their card."

Discover Card has introduced a variety of products and services designed to help cardmembers stay in control of their finances. In January, the company launched Discover.com Mobile, a mobile version of Discover.com that allows cardmembers to manage their credit card account directly from their mobile phone's browser. Also, the Paydown Planner gives cardmembers a customized look at how long it should take to pay down their balances over a specific timeframe, while the Purchase Planner helps them understand how a large purchase could affect their monthly payment.

To access the Spend Analyzer, cardmembers simply need to log into the Account Center at www.discover.com and click on the Tools and Advice tab.

To learn more about the Spend Analyzer, or view a demo of the product, please visit www.discover.com/spendanalyzer/

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; 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.

SOURCE: Discover Financial Services

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