June 12, 2006

Discover introduces new card plan for small businesses

Discover Financial Services, the credit card division of Morgan Stanley, recently launched a card targeting small business owners. The more than 23 million small businesses in the United States spend more than $4 trillion a year and yet the segment is largely untapped. Washingtonpost.com reports:

Companies can get credit lines of up to $50,000, with spending caps on each card and cash rebates on some purchases. Discover has also added dedicated customer service staff.

Read more: Discover targets small business with new card plan

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