Jun. 7, 2011

Discover Bank And BJ's Wholesale Club Announce Gift Card Offer

BJ's Members Receive Up to $75 Gift Card for Opening Savings, CD and Money Market Accounts through Discover Bank

RIVERWOODS, Ill. & WESTBOROUGH, Mass., Jun 07, 2011 (BUSINESS WIRE) -- Discover Bank and BJ's Wholesale Club are offering BJ's members a gift card for opening a Discover savings account.

BJ's Inner Circle members will receive a $25 BJ's Gift Card and Rewards members will receive a $75 BJ's gift card when they open a qualifying online savings account, money market account or certificate of deposit account through Discover Bank.

"Discover's partnership with BJ's fits naturally because we share the same desire to give customers more value for their money," said Discover Bank President Christina Favilla. "Discover welcomes the opportunity to introduce BJ's members to the great savings rates, as well as excellent customer service, that our account holders enjoy."

"The BJ's gift card offer is yet another benefit that people receive as members of BJ's Wholesale Club," said Laurie Lee, BJ's specialty business assistant vice president. "I'm always looking for ways to make membership even more valuable through additional services, and BJ's is proud to partner with Discover Bank on behalf of our members."

Discover Bank is one of the leading direct banks in the country with more than $20 billion in direct-to-consumer deposits. Accounts are FDIC-insured up to $250,000 per depositor, per deposit category.

To qualify for the gift card offer, current BJ's members must open a Discover online savings account with an initial deposit of at least $1,500, or open a Discover CD or money market account with an initial deposit of at least $2,500. All minimum balances must remain in the account for 90 days after the funding date to receive the gift card.

To open an account, BJ's members should visit bjs.discoverbank.com/bjs/about.html or call 1-800-975-0167.

About BJ's Wholesale Club

BJ's is dedicated to providing members with high-quality, brand-name food and general merchandise at prices that are significantly lower than supermarkets, supercenters, department stores, drug stores and specialty retail stores. BJ's carries the most product variety of any wholesale club with more than 7,000 items, including supermarket-sized staples, USDA Choice meats and stock-up items. BJ's is the only wholesale club to accept all manufacturers' coupons, and for greater convenience, BJ's offers the most payment options including EBT.

Headquartered in Westborough, Massachusetts, BJ's Wholesale Club, Inc. is a leading operator of warehouse clubs in the eastern United States. The Company currently operates 190 clubs and 103 gas stations in 15 eastern states. Learn more and shop online at BJs.com or for exclusive content visit Facebook.com/bjswholesaleclub and Twitter.com/bjswholesale.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and 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 personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of 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 more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

SOURCE: Discover Financial Services

Jon Drummond, 224-405-1888
BJ's Wholesale Club
Kelly McFalls, 774-512-5961

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