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Metris Companies to Issue New Discover Credit Card

by Peter Andrew

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 09/25/12)


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3 Responses to "Metris Companies to Issue New Discover Credit Card"
  1. Peter Andrew January 01, 2012 at 2:08 pm

    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»  
  2. Theodore Robison December 27, 2011 at 11:55 pm

    Please take me off all credit card offers that are electronically sent to me via my emais and or Mails

      Reply»  
  3. John William Stephens June 09, 2011 at 1:58 pm

    I wish to be taken of all credit card offers that are electronically sent to me via my email. Regards

      Reply»  

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