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Statement On Affinity Card Programs

March 03, 2015

Riverwoods, IL, March 3, 2015 – Following a standard review of business priorities, Discover is discontinuing affinity programs with 14 organizations and universities to better align resources with the company’s strategic initiatives.

Affinity cards being discontinued include California State University – Fullerton, the Florida Nurses Association, the Humane Society of the United States, Loyola Marymount University, the University of Nebraska and Virginia Tech, among others.

While Discover cards will no longer be connected to these affinity programs, cardmembers may continue to use their cards and are not required to take any action. Their Discover cards will continue to provide Discover card benefits, including cash rewards and 100% U.S.-based customer service. They may continue to use their current cards until they expire, or until they need a replacement card.

Discover’s affinity programs represent a very small, nonmaterial portion of the company’s overall revenue.

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 private student loans, personal loans, home 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.discover.com/company.