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Discover To Provide Cardmembers More Value By Offering Ability To Pay With Cashback Bonus® At Amazon.Com

October 11, 2011

Cardmembers will also earn Double Cashback Bonus on all Amazon.com purchases in 2011

RIVERWOODS, Ill. & SEATTLE, Oct 11, 2011 (BUSINESS WIRE) -- Discover and Amazon.com (NASDAQ: AMZN) today announced that Discover® cardmembers can now pay directly with Cashback Bonus®for purchases atAmazon.com. Additionally, Discover cardmembers can now earn double cash rewards on their purchases made at Amazon.com through the end of 2011.

Starting today, Discover cardmembers can pay for their Amazon.com purchases using Cashback Bonus when they link their Discover card to their Amazon.com account. Cardmembers can apply as much or as little of their Cashback Bonus as they want toward their Amazon.com purchase, with no required minimum, and have any remaining balance charged to their Discover card. Using Cashback Bonusto pay on Amazon.com is simple and straightforward, since a dollar in Cashback Bonus equals a dollar on Amazon.com. This gives Discover cardmembers another way to get clear value from their Cashback Bonus from Discover.

Discover cardmembers also can automatically earn Double (2%) Cashback Bonus on up to $250 in purchases each month on Amazon.com through the end of 2011. Cardmembers do not need to sign up: they simply need to use their Discover cards to start earning extra rewards. Discover cardmembers who have a Miles by Discover or Escape card will earn Double Miles.

"Providing more Cashback Bonus opportunities for cardmembers with Amazon.com is a natural fit for Discover. We know Amazon.com is just as committed to providing customers with value, convenience and service as we are," said Dana Traci, vice president of rewards at Discover. "We also know Discover cardmembers love their Cashback Bonus and have earned more than $650 million of it this year alone. These new features will not only help them earn more of it, but also allow them to use rewards to get millions of items at Amazon.com, when they want them, without having to leave the site."

"We are excited to offer Cashback Bonus as a new way for customers to shop at Amazon.com through our Shop with Points program," said Matt Swann, vice president of payments at Amazon. "Amazon's broad selection of products combined with the convenience of using Discover's Cashback Bonus directly at Amazon.com provides our customers with an even better shopping experience."

To learn more about earning and using Cashback Bonus on Amazon.com, please visit http://www.amazon.com/cashbackbonus.

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 http://www.discoverfinancial.com.

About Amazon.com

Amazon.com, Inc. (NASDAQ: AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as Books; Movies, Music & Games; Digital Downloads; Electronics & Computers; Home & Garden; Toys, Kids & Baby; Grocery; Apparel, Shoes & Jewelry; Health & Beauty; Sports & Outdoors; and Tools, Auto & Industrial. Amazon Web Services provides Amazon's developer customers with access to in-the-cloud infrastructure services based on Amazon's own back-end technology platform, which developers can use to enable virtually any type of business. The new latest generation Kindle is the lightest, most compact Kindle ever and features the same 6-inch, most advanced electronic ink display that reads like real paper even in bright sunlight. Kindle Touch is a new addition to the Kindle family with an easy-to-use touch screen that makes it easier than ever to turn pages, search, shop, and take notes - still with all the benefits of the most advanced electronic ink display. Kindle Touch 3G is the top of the line e-reader and offers the same new design and features of Kindle Touch, with the unparalleled added convenience of free 3G. Kindle Fire is the Kindle for movies, TV shows, music, books, magazines, apps, games and web browsing with all the content, free storage in the Amazon Cloud, Whispersync, Amazon Silk (Amazon's new revolutionary cloud-accelerated web browser), vibrant color touch screen, and powerful dual-core processor.

Amazon and its affiliates operate websites, including http://www.amazon.com, http://www.amazon.co.uk, http://www.amazon.de, http://www.amazon.co.jp, http://www.amazon.fr, http://www.amazon.ca, http://www.amazon.cn, http://www.amazon.it, and http://www.amazon.es. As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50024166&lang=en

SOURCE: Discover Financial Services

Media Contacts:
Discover
Laura Gingiss, 224-405-0185
lauragingiss@discover.com
or
Burson-Marsteller
Jessica Douglas, 312-596-3441
Jessica.douglas@bm.com
or
Amazon.com.com, Inc.
Media Hotline, 206-266-7180