Discover Student Card by Discover

Discover® Student Card

Annual FEE: $0
APR: 13.990%
Intro Rate: 0.00%
Intro Period: 6Months
Card Type: Student

Key Benefits

5% Cashback Bonus* in categories that change like travel, department stores, gas, groceries, restaurants, and more means extra money for you, and extra toppings for your pizza.
5% to 20% Cashback Bonus at our exclusive (as in you need to be on the list) online shopping mall.
Up to 1% unlimited Cashback Bonus on everything else you buy - from textbooks to toothpaste, automatically.

The Discover® Student Card, issued by Discover, is designed for students with very good credit who are looking for a cash rewards credit card.

Through the rewards program, cardholders earn a 5% rebate for purchases made in popular categories that change four times a year such as travel, gas, restaurants, movies, and more. In addition, cardholders earn up to 1% for general purchases.

Cardholders will earn a 1% unlimited Cashback Bonus on all purchases after their total annual purchases exceed $3,000. Purchases that are a part of the first $3,000 earn .25%. Cardholders also earn a 0.25% rebate at select warehouse clubs and discount stores, and they can earn 5% to 20% Cashback Bonus® at Discover\'s exclusive online shopping mall.

There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account is active within a 36-month period.

Aside from the rewards program, the card also provides platinum benefits, including online account management, no liability for unauthorized transactions, and discounts on products and services at participating merchants and retailers.

The APR for this card is reasonable, but there is no annual fee and 0% interest on purchases for six months.

Therefore, those who plan to spend over $3,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn a full 5% rebate and double cash rebates), and plan to pay in full each month (to avoid costly finance charges) will benefit most from what the Discover® Student Card has to offer.

*It is important to note that like many cash reward cards, the highest rebate offered will not apply to all purchases made with the credit card. In this case, 1% will be applied only to those purchases made after the cardholder spends over $3,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. For instance, if the cardholder were to spend $4,000, only $1,000 of this amount would be applied towards the 1% rebate. However, this does not take into account any promotional offers or the full 5% Cashback Bonus® award.

Notations:
*See the online Discover credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on Discover\'s website.

Last Updated:
2010-08-02 00:00:00