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About LinkBacksI was a bit perplexed to find out that Discover doesn't even issue their own card - the Sam's Club card. It turns out the GE Money is who issues it even though it has the Discover emblem on it. I suppose that means they must use Discover's payment processing networks only?
O.T. As you may remember a few months back GE Money was begging for someone to buy their store credit card division. It seems like Sam's Club would be a gem to have but apparently not.
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01:49 PM #1Centurion Member
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Why does GE Money issue the Discover Card for Sam's Club?
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
-Warren Buffett
Current Cards:
American Express: Blue Cash, Simply Cash
Bank of America: Visa Financial Rewards Platinum Plus
Chase: Cash Plus Rewards Visa, Amazon Visa
Citi: Dividend Platinum Select
Discover: More
Current Everyday Card: American Express Blue Cash
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12:47 AM #2Centurion Member
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no clue, that's a good question. anyone here know?
OBAMA
Stop talking crap about him and give him a chance!
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12:56 PM #3Centurion Member
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Discover's payment processing arm is a big business. Many assume they make money off loans like the other banks but because they also get a couple percentage points off the purchase price it's very lucrative. That's guaranteed money in the bank unlike debt on a card which the customer may or may not end up paying.
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