An Overview of Discover Financial Services

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Discover Financial Services is an American company that provides various financial services. Its main business is Discover Bank, which provides checking and savings accounts, as well as personal loans, home equity loans, student loans, and credit cards. It also operates the Discover and Pulse networks and owns Diners Club International. This article will provide an overview of the company’s main services.

The company’s offerings include credit cards, personal loans, and private student loans. It also offers savings products, money market accounts, and check-deposit accounts. Other financial services offered by the company include ATM and debit-payment services through Discover Financial Network. Moreover, the company offers debit and credit card services through its network of ATMs and PULSE.

Discover Financial Services recently introduced a new credit card for small businesses, the Discover it Business credit card. The new card offers unlimited 1.5% cash back on all purchases and comes with free business and security features. It also has a 0% APR on purchases and a low minimum balance requirement. The company has also made some improvements to its checking accounts to improve their value.

The company recently launched a free service called Discover Identity Alerts. Through this service, cardmembers can get notified when their social security numbers are used on risky websites or new accounts are opened on their Experian credit report. The service is available for cardmembers at no cost and has no impact on their credit scores.

Discover Financial Services has performed well in the card industry, despite competition from Visa. It is one of four major credit card processors in the U.S., but it still has a relatively small market share. In fact, its market share is still only a small fraction of that of its major competitor. Investors should also look at the company’s dividend history. The company has a history of dividend growth over the past decade. This means that its dividend has more than doubled from $0.20 per share to $0.60 per share, which translates to a dividend CAGR of 11.6%.

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