Apple Pay to Accept Discover Cards Beginning Wednesday
Starting this Wednesday, September 19th, Apple Pay will be accepting Discover cards on its mobile wallet. Discover It cardholders will soon be able to pay for transactions with their phones, thanks to the near field communications technology that makes Apple Pay work.
Apple Pay is already compatible with MasterCard, Visa and American Express. Adding Discover to the mix will mean all major credit card providers will allow their cardholders to be able to use Apple Pay.
In an effort to encourage cardholders to make use of the new opportunity, Discover is offering 10% cash back for up to $10,000 of Apple Pay purchases made in stores. That means there is a potential to earn up to $1,000 just for using your mobile wallet with your favorite local retailers. Select cardholders will also earn 10 bonus airline miles for every $1 spent in-stores, again capped at $10,000. This offer is available until the end of the year.
“As the mobile payments landscape matures, Discover remains committed to giving cardmembers secure options for using their cards and mobile devices,” Diane Offereins, President of Payment Services at Discover, said earlier this year. “Discover’s focus on simplicity and value for our cardmembers aligns well with the way Apple Pay makes purchases easy and convenient.”
With Android Pay and Samsung Pay now on the market, Apple Pay will face new competition that could eat away at their profits. Opening the doors for Discover cardholders may give Apple Pay the extra boost it needs to keep its revenues high in the coming year.