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Discover is the third largest credit card brand in the U.S., with 60.6 million cardholders or about 8% of cards in circulation, placing it well behind Visa (48%) and Mastercard (36%), but slightly ahead of American Express (7.5%).
Most prepaid debit cards belong to a certain network, as indicated by the logo (Visa, MasterCard, American Express, or Discover) and can be used anywhere that brand is accepted.
In 2008, Green Dot ceased to offer prepaid Discover cards. [7] On July 30, 2019, Green Dot launched the Unlimited Cash Back Bank Account, offering 3% cash back as well as a savings account offering 3% interest [8] known as the Unlimited cashback account. The cards are normal debit cards, and not a line of credit.
In 2009, MetaBank introduced a new retail product line and the MPS division became a leading issuer of rebate and gift cards in the United States and worldwide [15] and one of the top issuers of Visa, MasterCard and Discover prepaid cards. [16]
On February 19, Capital One announced it would acquire Discover in an all-stock transaction worth $35.3 billion. Both companies are among the largest credit card issuers in the country while ...
Preloaded credit cards can help keep your vacation budget on track, and many offer some of the same benefits (purchase protection, roadside assistance) as credit cards. Also, if a prepaid card ...
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