DISCOVER

Discover, Chicago State University Partner to Offer Fully Funded Undergraduate Degree Program to Chicago Employees

Retrieved on: 
Friday, April 1, 2022

Discover will expand its fully paid education benefit program to the city of Chicago through a partnership with Chicago State University (CSU).

Key Points: 
  • Discover will expand its fully paid education benefit program to the city of Chicago through a partnership with Chicago State University (CSU).
  • CSU is the first Chicago-based institution in the Discover College Commitment and the first education partner to offer in-person learning.
  • While the CSU program is available to all eligible Discover employees, the program was designed specifically to support employees working in Chicago, especially those in Discovers Chatham Customer Care Center on Chicagos South Side.
  • Our education program is designed to help our employees pursue their careers while getting a degree.

Challenging Housing Market Results in Nearly 80% of Homeowners Preferring to Renovate Than Move

Retrieved on: 
Wednesday, March 30, 2022

More than 57% of homeowners undertaking projects have gone over budget, and nearly two in three report their project cost has increased since their initial contractor bid.

Key Points: 
  • More than 57% of homeowners undertaking projects have gone over budget, and nearly two in three report their project cost has increased since their initial contractor bid.
  • Rising interest rates have had a significant impact as well, resulting in 42% of homeowners delaying their home improvement project.
  • The national survey of 1,531 homeowners was commissioned by Discover and conducted by Dynata (formerly Research Now/SSI), an independent survey research firm.
  • Since its inception in 1986, the company has become one of the largest card issuers in the United States.

Discover Earns a Perfect Score for LGBTQ+ Equality Nine Years in a Row

Retrieved on: 
Thursday, February 3, 2022

Discover joins the ranks of more than 840 major U.S. businesses that also earned top marks this year.

Key Points: 
  • Discover joins the ranks of more than 840 major U.S. businesses that also earned top marks this year.
  • Discover has nine Employee Resource Groups (ERGs), which play a significant role in upholding Discovers pillars to sustain a diverse, equitable and inclusive workplace.
  • The PRIDE group helps lead marketing efforts behind Discovers rainbow card design, known as the Discover it Pride Card.
  • For more information on the 2022 Corporate Equality Index, or to download a free copy of the report, visit www.hrc.org/cei .

Americans with Medical Debt Are More Worried about Making Payments than Getting Better

Retrieved on: 
Wednesday, December 8, 2021

For example, medical debt can be consolidated with other debt, potential saving hundreds, if not thousands, dollars in interest while also simplifying debt to one set regular monthly payment.

Key Points: 
  • For example, medical debt can be consolidated with other debt, potential saving hundreds, if not thousands, dollars in interest while also simplifying debt to one set regular monthly payment.
  • According to a 2021 Discover Personal Loans survey, 85% of surveyed customers told us taking out a Discover personal loan for debt consolidation helped improve their financial future.
  • A total of 619 Discover personal loan debt consolidation customers were interviewed about their most recent Discover personal loan.
  • Respondents opened their personal loan between January and July 2021 for the purpose of consolidating debt.

Holiday Spending is on the Rise Led by Gen Z and Millennials

Retrieved on: 
Tuesday, November 16, 2021

Younger generations are most likely to feel comfortable traveling for the holidays, as 72% of Gen Z and 74% of millennials report being comfortable, compared to 66% of Gen X and 53% of Boomers+.

Key Points: 
  • Younger generations are most likely to feel comfortable traveling for the holidays, as 72% of Gen Z and 74% of millennials report being comfortable, compared to 66% of Gen X and 53% of Boomers+.
  • Travel is expected to increase this holiday season as 32% of people are planning to travel, compared to last year when only 23% traveled.
  • All figures, unless otherwise stated, are from a Dynata, formerly Research Now/SSI, survey conducted on behalf of Discover Financial Services.
  • The following generational breaks were used when examining the data: Gen Z, 18-22, Millennials, 23-38, Gen X, 39-54, and Baby Boomers, 55-73.

Dear Parents – You Have More Influence on Your Kids’ Finances Than You Think

Retrieved on: 
Wednesday, October 27, 2021

** The Credit Scorecard can help customers better understand the factors that impact their credit score.

Key Points: 
  • ** The Credit Scorecard can help customers better understand the factors that impact their credit score.
  • The maximum margin of sampling error was +/-2 percentage points with a 95 percent and 90 percent levels of confidence.
  • Discover and other lenders may use different inputs, such as FICO Credit Scores, other credit scores and more information in credit decisions.
  • Late payments, delinquencies or other derogatory activity with your credit card accounts and loans may adversely impact your ability to build credit.

Discover Expands its College Payment Solutions through Partnership with Phood’s Meal Delivery Program

Retrieved on: 
Wednesday, September 29, 2021

Discover, a leading digital bank and payments company, will be supporting Phoods new meal delivery program for college students by opening up access to merchants that run on the Discover network.

Key Points: 
  • Discover, a leading digital bank and payments company, will be supporting Phoods new meal delivery program for college students by opening up access to merchants that run on the Discover network.
  • Discovers latest step into simplifying payments on a college campus will provide increased food options for students, said Jason Hanson, senior vice president of global business development at Discover.
  • This new program gives them options while not spending money beyond their existing meal plan.
  • Throughout the school year, Phood and Discover will be looking to bring this first of its kind program to college students across the country.

Discover Named Title Sponsor of NHL Winter Classic®

Retrieved on: 
Tuesday, September 14, 2021

Discover, the National Hockey League (NHL), and Turner Sports today announced an expansive partnership, highlighted by Discover being named the title sponsor of the NHL Winter Classic, the annual regular-season outdoor game on New Years Day.

Key Points: 
  • Discover, the National Hockey League (NHL), and Turner Sports today announced an expansive partnership, highlighted by Discover being named the title sponsor of the NHL Winter Classic, the annual regular-season outdoor game on New Years Day.
  • We are thrilled to have Discover join us as title sponsor of the NHL Winter Classic, one of the crown jewel events on the NHL season calendar.
  • Discover, a committed NHL partner since 2010, will deliver creative and unique 2022 Discover NHL Winter Classic activations to connect with our fan base.
  • NHL, the NHL Shield, the word mark NHL Winter Classic and the word mark and image of the Stanley Cup are registered trademarks and the NHL Winter Classic logo is a trademark of the National Hockey League.

60% Of Americans Say the Pandemic Has Made Them Realize How Little They Have Saved

Retrieved on: 
Wednesday, July 28, 2021

The COVID-19 pandemic is reshaping Americans perceptions of their pre-pandemic financial habits, according to a new survey from Discover .

Key Points: 
  • The COVID-19 pandemic is reshaping Americans perceptions of their pre-pandemic financial habits, according to a new survey from Discover .
  • Sixty percent of Americans say the pandemic made them realize just how little savings they have, and 71% say it made them want to consider saving more than they had previously.
  • Most Americans (75%) report that they are saving either the same amount or more in 2021 than they did in 2020.
  • Further, 21% of Americans not saving said a one-time increase in income, like a stimulus check, would increase their likelihood of saving.

63% of Parents Surveyed Agree Their College Plans Have Returned to What They Were Before the Pandemic

Retrieved on: 
Monday, July 12, 2021

Sixty-three percent of parents responded to the survey saying their childs post-high school plans have returned to what they were before the pandemic.

Key Points: 
  • Sixty-three percent of parents responded to the survey saying their childs post-high school plans have returned to what they were before the pandemic.
  • Parents plan to pay for more of their childs college than they have in the past, but anxiety remains.
  • And, 43% of parents say they will not limit their childs college choices based on price, up 10 percentage points from 2018.
  • When asked how they were going to finance college, 61% of parents say the pandemic has not impacted how they plan to pay.