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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%).
On September 12, DFS launched the Discover it Business credit card, offering unlimited 1.5% cash back on all purchases, as well as free business and security features. In 2019, Discover Financial Services' subsidiary Discover Bank eliminated most fees on all of its deposit products.
A merger with Capital One means Discover will become a much bigger threat to Visa and Mastercard. In addition, the deal would let Capital One “leapfrog” JPMorgan as the biggest credit card ...
Key takeaways. Small-business cards are typically designed to meet the needs of small businesses, while corporate credit cards are better suited to the needs of corporates with millions...
Small business and corporate credit cards are both used for business transactions, but there are some key differences. Here’s what you need to know.
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Dean Witter was also active in the issuance of credit cards through its Discover Card business. Discover Card, which today operates is the company's most widely held proprietary general-purpose credit card and generated a majority of Credit Services' revenues and net income in 1996.