Discover® to Match Cardmember Donations up to $500,000 for Hurricane Florence Relief Efforts

Waives Transaction Fees on American Red Cross Credit Card Donations

Discover Financial Services (NYSE:DFS) announced today that it is pledging up to $500,000 to the American Red Cross for Hurricane Florence relief efforts through a cardmember donation matching program. Discover will match donations dollar-for-dollar up to $500,000 for every cardmember who donates to the American Red Cross using Cashback Bonus®, or makes a donation with their Discover card.

Discover also is matching employee donations to the American Red Cross dollar-for-dollar through its Employee Giving Program and is currently waiving transaction fees on all credit card donations to the American Red Cross.

“Hurricane Florence has left a wake of destruction impacting millions of residents in the Southeast,” said David Nelms, Chairman and CEO of Discover. “Our cardmembers and employees have always shared a strong interest in supporting relief efforts and providing a means of doing so will help make their donations go further and assist more people.”

Discover cardmembers wishing to donate to the American Red Cross using their Discover card can visit www.redcross.org/donate/cm/discover-pub. To donate using Cashback Bonus, Discover cardmembers can visit www.discover.com and log onto their account center.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180917005673/en/

Matthew [e-mail]