Press Releases

Earn 1% on Qualifying Purchases while using Apple Pay

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Cashback Debit customers are now able to add their Cashback Debit card to Apple Pay^® and earn 1% cashback on eligible transactions. Apple Pay is an easy, secure and private way to make payments in participating stores, apps and websites.

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Discover Cashback Debit on Apple Pay® (Photo: Business Wire)

“Enabling Apple Pay for Discover Cashback Debit is a key step to ensure our customers are able to use their checking account in channels of their choice, including their mobile devices,” said Arijit Roy, vice president of Deposits at Discover. “Our customers now have one more way to earn rewards as they use their Cashback Debit card for purchases.”

While using a Discover Cashback Debit card with Apple Pay, customers will continue to receive 1% cashback on up to $3,000 in qualifying debit card purchases each month¹ and have access to all of the benefits that come with the Discover Cashback Debit account including:

• First Fee Forgiveness² which automatically waives the first eligible fee when it occurs each calendar year, with no action required by the customer
• Freeze it℠ feature: Temporarily freeze your debit card to prevent new purchases and ATM transactions³
• No monthly fees, including no minimum opening deposit or balance requirement
• 24/7 customer service from a 100% U.S.-based customer service team
• No-fee online bill pay

How to Add a Discover Cashback Debit card to Apple Pay

Apple Pay is easy to set up for Discover Cashback Debit customers with Apple devices. On your iPhone, simply go to the Wallet app to add your Discover Cashback Debit card. To make Cashback Debit your default card, tap and hold your Discover debit card and drag it to the front of your card stack in Wallet.

Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

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 equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised 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 190 countries and territories. For more information, visit www.discover.com/company.

Discover Bank, Member FDIC

¹ ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards. In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal™, who also provide P2P payments) may not be eligible for cash back rewards.

²In each calendar year (January 1 through December 31), the first eligible fee charged to your Cashback Debit Account will be automatically waived and credited to your account. Insufficient Funds and Stop Payment fees are eligible for the first fee forgiveness program. Wire transfer fees are not eligible, and will not be waived even if they are the first fee on an account in a calendar year.

³When you freeze your debit card, Discover will not authorize new purchases, or ATM transactions with that frozen debit card. Most other account activity will continue as normal, including previously scheduled and recurring transactions, internal and external transfers, deposits, online bill payments from the Discover Account Center, returns, credits, dispute adjustments, reward redemptions, and checks paid.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181011005140/en/

Discover
Rob Weiss
224-405-6304
robertweiss@discover.com
@Discover_News

Source: Discover Financial Services