Summary:

The Discover Card is a major credit card, issued mainly in the United States. It was originally introduced by Sears in 1985, and was part of Dean Witter, and then Morgan Stanley, until 2007, when Discover Financial Services became an independent company.
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.

Milestones:

• Unlike other attempts at creating a credit card to rival MasterCard and VISA, such as Citibank’s Choice card, the Discover Card quickly gained a large national consumer base.
• It carried no annual fee, which was uncommon at the time, and offered a typically higher credit limit than similar cards.
• The Discover Card was also noteworthy for being the only credit card accepted by the U.S. Customs Service to pay customs duty.
• Unlike other attempts at creating a credit card to rival MasterCard and VISA, such as Citibank’s Choice card, the Discover Card quickly gained a large national consumer base.It carried no annual fee, which was uncommon at the time, and offered a typically higher credit limit than similar cards.The Discover Card was also noteworthy for being the only credit card accepted by the U.S. Customs Service to pay customs duty.

Discover Card around the world:

Unlike its competitors, the Discover Card is neither issued nor widely accepted outside the U.S., although it can be used to obtain cash from ATM locations worldwide.

• In Canada, Discover brand cards are accepted at few locations
• In the United Kingdom, Discover issued credit cards on the MasterCard network
• An alliance with China’s UnionPay Network and with Japan’s JCB Network.
• An agreement was formalized with Brazilian credit-card processor
• The company’s presence continues to grow in Mexico, Costa Rica, Micronesia, the Marshall Islands, Belize, Palau, and many of the Caribbean Island nations.

Deals and Offers:

Discover Financial Services operates the Discover card, America’s cash rewards pioneer and presents offers and deals such as:

• Personal and student loans
• Online savings products
• Certificates of deposit
• Money market accounts through its Discover Bank subsidiary

Website:

http://www.discovercard.com