Apr. 7, 2011

Discover Offers Cardmembers Seasonal Ways To Take Advantage Of Cash Rewards

RIVERWOODS, Ill., Apr 07, 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 April 1 through June 30, Discover Cardmembers can sign up to earn 5% Cashback Bonus on up to $400 in department store, home improvement and clothing store purchases. This category is the second of four rotating categories that change each quarter, giving cardmembers the opportunity to earn 5% Cashback Bonus all year long. After reaching the $400 spending limit for the quarter, cardmembers will still automatically earn up to 1% Cashback Bonus every time they use their cards.

This quarter, Discover is also rewarding cardmembers and helping them maximize their rewards experience in other ways, including:

  • Additional 5% Cashback Bonus: Discover Cardmembers have the opportunity to sign up to earn 5% Cashback Bonus on up to $200 in grocery and drugstore purchases during the month of June - in addition to the 5% Cashback Bonus for department store, home improvement and clothing store purchases.
  • Expanded Redemption Options: In addition to its extensive list of more than 125 partners such as Bed Bath and Beyond®, Olive Garden® and Old Navy®, Discover will be adding new brand-name products for redemption, including digital cameras, tools and seasonal items. Cardmembers also will be able to redeem their Cashback Bonus for exclusive experiences at various times throughout the year.
  • ShopDiscover: Discover Cardmembers already enjoy earning 5% to 20% Cashback Bonus on purchases made through ShopDiscover, Discover's exclusive online shopping mall featuring more than 200 top retailers such as Sears, Groupon and Best Buy. This quarter, ShopDiscover.com will offer more savings through new retailers like Lowe's, Expedia, Bed Bath & Beyond and Golfsmith and some will even offer free shipping on merchandise purchased through ShopDiscover.

"With summer right around the corner, we're giving our cardmembers more ways to save money and earn meaningful rewards while they shop for home improvement projects and other essentials," said Dana Traci, vice president of rewards and product management at Discover. "We're always working with Discover Cardmembers to offer more value through our generous rewards program."

To learn more about Discover's Cashback Bonus program and to sign up for each offer, please visit Discover.com 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 www.discoverfinancial.com.

SOURCE: Discover Financial Services

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Mai Lee Ua, (224) 405-3082

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