Children’s Miracle Network and Discover Card Create Co-Branded Credit Card That Supports Children’s Hospitals Across the Country

SALT LAKE CITY, June 9, 2009 — Children’s Miracle Network, a nonprofit that raises money for 170 children’s hospitals, today announced an agreement with Discover Card to issue Discover’s first-ever co-branded charity card.

For every cardmember who makes $500 in purchases within six months of being approved for a new Children's Miracle Network Discover Card, Discover will make a $100 donation to Children's Miracle Network.

“The possibility of a credit card that benefits children’s hospitals has always been enticing because of how it incorporates donations into the everyday shopping habits of our donors,” said Brian Hazelgren, Chief Development Officer, Children’s Miracle Network. “The benefits of Discover Card to both the cardholder and Children's Miracle Network hospitals makes this relationship a logical one. Children’s Miracle Network hospitals depend on community support and this new agreement allows cardholders to support their hospital while enjoying the great benefits of a Discover Card.”

“At Discover, we are always looking for ways to give back to the community, and in this case, we’re helping our cardmembers give back to children in need,” said Dan Gingiss, Marketing Director at Discover Financial Services. “This partnership with Children’s Miracle Network is yet another example of how Discover is living its core values while also providing meaningful rewards to our cardmembers.”

Children’s Miracle Network Discover Cardmembers can earn unlimited rewards on all purchases, including 2% Cashback Bonus® on each donation they make to Children’s Miracle Network using their co-branded Discover Card within the first year. Plus, they will earn 5% Cashback Bonus all year long in such categories as travel, gas, groceries, restaurants and more. In addition, cardmembers are able to donate all of their rewards back to Children’s Miracle Network if they desire. Consumers may apply for the card online by visiting http://www.discover.com/children.

About Children’s Miracle Network
Children’s Miracle Network is an international non-profit organization that raises funds for more than 170 children’s hospitals. Countless individuals, 90 organizations and 400 media partners unite with Children’s Miracle Network hospitals to help sick and injured kids in local communities. Donations to Children’s Miracle Network create miracles by funding medical care, research and education that saves and improves the lives of 17 million children each year. To learn more, go to ChildrensMiracleNetwork.org.

About Discover Card
Discover Financial Services (NYSE: DFS) is a leading credit card issuer and electronic 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 operates the Discover Card, America's cash rewards pioneer, and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts. Its payments businesses consist of the 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 185 countries and territories. For more information, visit www.discoverfinancial.com.