January 26, 2011

Discover Offers Cardmembers More Ways To Take Advantage Of Cash Rewards

RIVERWOODS, Ill., Jan 26, 2011 (BUSINESS WIRE) -- Discover announced today more seasonal opportunities for cardmembers to earn Cashback Bonus®, and to redeem those cash rewards with additional merchant partners or for unique cardmember experiences.

From January 1 through March 31, Discover Cardmembers can sign up to earn 5% Cashback Bonus on up to $800 in travel and restaurant purchases. The category is the first of four rotating categories that change each quarter, giving cardmembers the opportunity to earn 5% Cashback Bonus all year long. After reaching the $800 spending limit for the quarter, cardmembers will still automatically earn up to 1% Cashback Bonus every time they use their cards.

Other ways Discover is rewarding cardmembers and helping them to maximize their rewards experience include:

  • 5% Cashback Bonus: In addition to the travel and restaurant program, for the month of March, Discover Cardmembers have the opportunity to sign up to earn 5% Cashback Bonus on up to $200 in grocery and drugstore purchases.
  • Expanded Redemption Options: In addition to its extensive list of more than 140 partners such as Lowe's, Bed Bath and Beyond, and Olive Garden, Discover will be adding new merchant redemption partners this quarter, including TOMS Shoes and Cardmembers also will be able to redeem their Cashback Bonus rewards for exclusive experiences.
  • ShopDiscover: Discover cardmembers already enjoy earning 5%-20% Cashback Bonus on purchases made through ShopDiscover, Discover's exclusive online shopping mall featuring more than 200 top retailers such as Sears, Dell Home, and Barnes and This quarter, the site will offer more savings through new retailers like Golfsmith, Avalon Waterways, Dell Small Business and Viking River Cruises and some will even offer free shipping on merchandise purchased through the site.

"At Discover, we take great pride in our ability to provide a relevant and meaningful cash rewards program to our cardmembers," said Dana Traci, vice president of rewards and product management at Discover. "We're always evaluating and reinvesting in our Cashback Bonus program so that we're offering the most value to our cardmembers."

To learn more about Discover's Cashback Bonus program and to sign up for each offer, please visit or call 1-800-DISCOVER.

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

SOURCE: Discover Financial Services

Mai Lee Ua, (224) 405-3082