The holiday season has been a good one for Discover Card. This year shoppers have spent more money on their Discover Cards helping lift the company’s fiscal fourth quarter profit 46 percent.
Thursday, Discover Financial Services said that sales on its cards rose 8 percent to $25.03 billion in the 4th quarter.
Discover credit cards are known for their great “cash back credit cards” and their enticing “Intro APRs”, and executives say that more people are using them as their primary cards. Recently, just like with American Express, Discover Card was not accepted at the majority of shops, but the combination of cash back rewards and more places to use the card has help boost the 4th quarter production.
To go along with this news, Discover Card says they are starting to see more customers paying off their balances each month.
Discover Card, and Riverwoods, IL based company offers only a few different credit cards. For a list of their available credit cards, check out our page here.