Discover Card May Enter the Private Label Market

Discover Credit Cards – Private Label

Discover Financial Services is considering entering the private label market. Private label credit cards allow Discover to enter into relationships with outside companies to develop new and innovative credit card products.  The move has been inspired by card issuing banks such as HSBC. There are more risks associated with these type of credit products. Typically top tier credit scores are not required. This does increase the risk of credit default. This is something Chief Financial Officer Mark Graf needs to seriously consider. Discover Financial considers this a great opportunity in today’s challenging credit market. There is sure to be much more brainstorming at the Discover head quarters in order to create a viable program.

Monica Kowollik

Owner / Director at CreditFast.com
Monica has covered credit card and personal finance news for over 15 years. She developed an interest in saving money and personal finance at an early age.
1 comment… add one
  • Sam

    Discover is the only major credit card that hasn’t gone private label. It would be interesting to see if they do.

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