LYCOS RETRIEVER 
Discover Card
built 644 days ago
At the time the Discover Card was introduced, Sears was the largest retailer in the United States. It had purchased the Dean Witter Reynolds Organization (brokerage) and Coldwell, Banker & Company (real estate) in 1981, as an attempt to add financial services to its portfolio of customer services. Together with the Discover Card, this was named the Sears Financial Network. Early Discover Cards bore a small embossed symbol representing the Sears Tower, the company's headquarters at the time.
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Ever since its inception, Discover Card has been a leading innovator in the credit card industry. It pioneered America’s first cash rewards program, the Cashback Bonus® program. Discover credit cards were the first no-fee cash reward cards to offer unlimited rewards that never expire as long as the card is in use.
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In the latter part of 2007, Discover Card began raising interest rates on many of its longer-term customers, typically to the Prime Rate plus 14.74% (which in October 2007 equated to a 22.99% annual percentage rate). Customers who request the reasons in writing for the decision are notified that the increase is based on any (and not necessarily all) of the following characteristics:
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Sign up for the Miles by Discover Card and earn 2 miles per dollar spent on your first $3,000 worth of travel and restaurant purchases every year. In addition, earn 1 mile for every $1 you spend o...(more)
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Morgan Stanley was long thought to want to sell the Discover Card business, and in April 2005, it announced that it would divest Discover Financial Services as an independent company within six months. However, by June industry sources reported that Morgan Stanley was reassessing its plan to spin-off Discover. Finally, in August 2005, the company confirmed it would not sell Discover. In yet another reversal, in December 2006, Morgan Stanley announced it would, again, spin-off Discover as a standalone company by the end of August 2007. The spin-off was finalized ahead of schedule, on June 30, 2007.
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The Lowdown on Discover Miles Card January 19th, 2008 If you are hunting for a Discover assign card, then you would be destroyed for choice. With the some variations of Discover assign cards, apiece with its possess move program, you module requirement to intend the lowdown of apiece in visit to attain the correct choice.
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Discover Card