Discover Financial Services has enhanced its Discover Cashback Debit product with new features, benefits and card design.

The new Freeze It capability allows customers to temporarily freeze their debit card to prevent both new purchases and ATM transactions.

In addition, Discover card holders will now be able to automatically transfer the earned debit card cash back bonus to their eligible Discover savings account and pay using the card.

Apart from new design, the debit cards also include chip technology to offer better security for transactions at store terminals and ATMs.

Discover vice-president for deposits Arijit Roy said: “We are continually looking for ways to tailor our products to our customers’ wants and needs and provide them features that will help them conveniently save more.

“Cashback Debit already comes with no monthly fees while providing cash back for everyday purchases. The addition of auto redemption to savings is yet another way we are continuing to make saving easier for our customers.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Existing features of the Discover Cashback Debit product also include cash back on qualifying card purchases every month and zero access fee for more than 60,000 Allpoint  and MoneyPass ATMs in the US.

Cardholders will also receive 24/7 customer service, along with secure online and mobile access for easy account management and no fee for bill payments made online.