Discover Announces New Industry-Leading Rewards for Cashback Checking
21 February 2018 - 1:00AM
Business Wire
Checking Customers will Earn 1 percent Cash
Back on Qualifying Debit Card Purchases
Discover announces the launch of a new and innovative rewards
program for its Cashback Checking product where customers can earn
cash back for making everyday debit card purchases. Discover
Cashback Checking® customers now earn 1 percent cash back on up to
$3,000 in qualifying debit card purchases each month.1 The new
rewards program is one of the many distinctive features that set
this product apart in the industry, including no monthly fees, no
minimum balances and access to no-fee ATMs in the U.S.
“We know customers are looking for something truly different,
which is why we created a checking account that not only rewards
customers with cash back when they use their own money, but also
helps them save by not charging any fees,” said Arijit Roy, vice
president of Deposits at Discover. “Discover Cashback Checking was
developed with the same great features and benefits for which our
company is known, such as award winning, 100% U.S.-based customer
service and the peace of mind knowing we take proactive steps to
safeguard your money and information.”
Customers can redeem their Checking Cashback Bonus via a credit
to their Cashback Checking account or transfer it to a Discover
credit card Cashback Bonus account.
In addition to the new rewards structure, in which customers
earn 1 percent cash back on up to $3,000 in qualifying debit card
purchases each month, the product also offers:
- No monthly fees, including no minimum
opening deposit or balance requirement
- No-fee access to over 60,000 Allpoint®
and MoneyPass® ATMs in the U.S.
- 24/7 customer service from a 100%
U.S.-based customer service team
- Secure online and mobile access for
easy account management, such as depositing checks and viewing
account activity
- No-fee online bill pay
The Discover Cashback Checking product is now available to
everyone. Previously, only Discover cardmembers, personal loan
customers and deposit account customers were eligible for a
Discover Cashback Checking account.
Discover Cashback Checking accounts are FDIC-insured to the
maximum allowed by law and all debit cards are enabled with chip
technology, providing additional security at store terminals and
ATMs.
For more information about Discover Cashback Checking, or to
open an account, visit www.discover.com/online-banking/checking
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 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.
1 ATM transactions, the purchase of money orders or cash
equivalents, cash-over portions of point-of-sale transactions, and
Peer-to-Peer (P2P) payments are not eligible for cashback 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 cashback rewards.
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Discover Financial ServicesRobert Weiss,
224-405-6305robertweiss@discover.com@Discover_News
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