Market Overview

Discover® to Match Cardmember Donations up to $500,000 for Hurricane Michael Relief Efforts

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Discover Financial Services (NYSE:DFS) announced today that it is
pledging up to $500,000 to the American Red Cross for Hurricane Michael
relief efforts through a cardmember donation matching program. Discover
will match donations dollar-for-dollar up to $500,000 for every
cardmember who donates to the American Red Cross using Cashback Bonus®,
or makes a donation with their Discover card.

Discover also is matching employee donations to the American Red Cross
dollar-for-dollar through its Employee Giving Program and is currently
waiving transaction fees on all credit card donations to the American
Red Cross.

Discover's support of Hurricane Michael relief efforts follows up on an
identical program launched in September in support of Hurricane Florence
relief efforts. More than $1 million was donated to the American Red
Cross by the company, its employees and cardmembers to support relief
efforts in the Southeast.

Discover cardmembers wishing to donate to the American Red Cross using
their Discover card can visit www.redcross.org/donate/cm/discover-pub.
To donate using Cashback Bonus, Discover cardmembers can visit www.discover.com
and log onto their account center.

About Discover

Discover Financial Services (NYSE:DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts and certificates of deposit through its direct banking
business. It operates the Discover Global Network comprised of Discover
Network, with millions of merchant and cash access locations; PULSE, one
of the nation's leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance in 190
countries and territories. For more information, visit www.discover.com/company.

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