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Cardholders could also earn a "Cashback Bonus", in which a percentage of the amount spent would be refunded to the account (from 1% to 5%), depending on how much the card was used. [10] Discover was also noteworthy for being the only credit card accepted by the U.S. Customs Service to pay customs duty, effective February 19, 1987. [11]
Tiered Cash Back: These cards offer higher cash back rates for specific spending categories, like groceries, dining, or gas. For instance, you could earn 3% on groceries, 2% on dining, and 1% on ...
Discover Cardmembers Earn 5% Cashback Bonus at Home Improvement Stores Spring 5% Category Lets Cardmembers Quickly Build Up Their Rewards RIVERWOODS, Ill.--(BUSINESS WIRE)-- As warmer weather ...
The Discover More card was designed for consumers who use credit in many different categories and provided them with more ways to earn cash back on their purchases. Following the 2007–2008 financial crisis , Discover received about $1.2 billion in bailout funds under the Troubled Asset Relief Program (TARP).
Merchants do not offer cashback on credit card transactions because they would pay a percentage commission of the additional cash amount to their bank or merchant services provider, thereby making it uneconomical. Discover is a notable exception to the above. A customer with a Discover card may get up to $120 cashback if the merchant allows it.
Discover Cardmembers Earn 5% Cashback Bonus ® on Department Store and Online Shopping Purchases Enhanced online and mobile experiences make holiday shopping faster and easier RIVERWOODS, Ill ...
A loyalty program typically involves the operator of a particular program setting up an account for a customer of a business associated with the scheme, and then issue to the customer a loyalty card (variously called rewards card, points card, advantage card, club card, or some other name) which may be a plastic or paper card, visually similar to a credit card, that identifies the cardholder ...
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