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  1. #1
    Centurion Member Mogul of Pineapples's Avatar
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    Default Why does GE Money issue the Discover Card for Sam's Club?

    I 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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  2. #2
    Centurion Member Cucumber's Avatar
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    no clue, that's a good question. anyone here know?
    OBAMA
    Stop talking crap about him!
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  3. #3
    Centurion Member fffresh's Avatar
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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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