RIVERWOODS, Ill.–(BUSINESS WIRE)–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
- 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
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
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.