Metris Companies to Issue New Discover Credit Card
Metris
Companies to Issue New Discover Credit Card
Credit
card issuer Metris Companies has reached an agreement with Discover
Financial Services to issue a new Discover-branded credit card.
No specifics of the card were offered to judge how it may be
differentiated in the marketplace, but the announcement was
newsworthy nonetheless.
A
long court battle with MasterCard and Visa ended earlier this
year with a judge ordering that those organizations could not
prohibit issuing banks from partnering with other processing
companies. In effect, the verdict allowed Discover (and American
Express) to not only issue their own credit cards, but to also
serve in the same capacity as a MasterCard or Visa has traditionally
operated.
As
a result, Discover Financial Services created the Discover Network
and began working with issuers such as Metris to issue a wider-range
of Discover-branded cards. (For example, a Wal-Mart Discover
card was launched earlier this year in partnership with GE Money
Bank.)
Minnetonka,
Minnesota-based Metris is the 11th-largest bankcard issuer.
The new Discover card will be issued by Metris subsidiary Direct
Merchants Credit Card Bank, N.A. and is expected to be available
to customers by the end of 2005.
Published 09/19/05 (Modified 09/26/12)
Ah, Theodore, if only I could help you avoid those card offers. Sadly, I can't, at least directly. What I can do is point you toward two organizations that should at least slow the flow of solicitations you receive. Here's some advice published here on the IndexCreditCards.com site on Aug. 4, 2011: ...contact the Direct Marketing Association at www.DMAchoice.org. This allows you to choose to not receive many sorts of mailings. Another organization, OptOutPrescreen.com, is run by the main credit bureaus, and allows you to opt out only from offers for credit cards. It's possible that neither of these would totally dry up the flow of card junk mail, but they might reduce the torrent to a trickle. One reason for that is that it's difficult to opt out of receiving mailings from credit card companies if you're already one of their customers. You may find that you have to call them to be taken off their direct marketing mailing lists. Hope that works for you. All the best, Peter Andrew
Reply»Please take me off all credit card offers that are electronically sent to me via my emais and or Mails
Reply»I wish to be taken of all credit card offers that are electronically sent to me via my email. Regards
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