Wednesday, December 24, 2008

Discover Crunches Credit Further

Discover restricts credit further as seen in the e-mail below:

Discover Business Card Affiliates,

As a result of the current economic downturn, Discover Business Card has taken a look at credit risk and has made a decision to pause online acquisitions of its business products (Business Card, Business Miles and Business card with Cash Back Bonus) as of January 1st. At the turn of the year, the intention is to evaluate performance and the credit risk model so that the cards can once again be offered to online prospects in 2009.

Please note that this message relates only to Discover's Business Cards and not its Consumer or Student cards. You are free to continue to promote the latter and, in fact, we encourage you to do so in place of business cards.

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