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Discover Makes Getting Cash Rewards Easier

November 19, 2014

Cardmembers Can Now Redeem Rewards for Any Amount, Anytime

RIVERWOODS, Ill.--(BUSINESS WIRE)--Nov. 19, 2014-- Discover now makes it easier than ever for cardmembers to get their CashBack Bonus® whenever they want at any amount. In addition, CashBack Bonus rewards will never expire.

Giving our cardmembers easier access to their rewards echoes Discover’s commitment to help our cardmembers get more value from their credit card. Cardmembers can now redeem their Cashback Bonus for as little as a penny in the following ways:

  • Apply rewards to their statement balance
  • Deposit rewards directly into their bank accounts
  • Purchase items directly from several online partners
  • Make charitable donations

And, rather than have rewards forfeited at account closure or for inactivity, we'll credit the cardmember's account with their Cashback Bonus balance.

“We know our customers want the most rewards possible, but equally important is their ability to use them when they want,” said Heather L. Roche, vice president of rewards at Discover. "We are excited to give our cardmembers more redemption flexibility."

Since 1986, when Discover was the first company to offer cashback rewards, cardmembers have earned over $12 billion in Cashback Bonus.

Apart from the more flexible redemption program, another way Discover taps in to consumer needs is that it was the first major credit card company to provide its customers with free FICO® Credit Scores on monthly billing statements and online.

This document contains forward-looking statements that speak only as of the date on which they are made and are subject to risks and uncertainties that may cause actual results to differ materially, as described in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available at www.sec.gov and www.discoverfinancial.com. The Company does not undertake to update or revise forward-looking statements as more information becomes available.

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 issues the Discover card, America’s cash rewards pioneer, and offers home loans, private student loans, personal loans, home equity loans, checking and savings accounts, certificates of deposit and money market accounts through its direct banking business. It operates 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 more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Source: Discover Financial Services

Discover
Abbe Kalina, 224-405-5175
abbekalina@discover.com