Discover® Open Road Card for Students
The Discover® Open Road Card for Students, issued by Discover, is designed for students who would like to earn cash rewards for their gas and restaurant expenses.
Through the rewards program, students can earn a full 2% Cashback Bonus on your first $250 in gas and restaurant purchases each month. In addition, cardholders earn up to 1% for general purchases and can earn between 5% and 20% Cashback bonuses shopping at over 200 online retailers through ShopDiscover.com!
You will receive a 1% unlimited Cashback Bonus on all purchases after your total annual purchases exceed $3,000, and other purchases that are part of your first $3,000 will earn .25%. Rewards are redeemable in $20 increments.
Cardholders also earn a 0.25% Cashback Bonus at select warehouse clubs and discount stores, and they can earn a double Cashback Bonus® when redeeming their rewards for gift certificates from participating Discover® Card Partners. There is no yearly limit to the amount of rewards that may be earned and rewards do not expire as long as the account is active within an 18-month period.
The card also provides standard 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 and there is no annual fee. There is also a 0% introductory APR that applies to purchases for 9 months.
Therefore, students who plan to use their Cashback Bonus® award at participating retailers (to earn double cashback rewards) and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Discover® Open Road Card for Students has to offer.
Discover® Open Road Card for Students
| Name of Card | Discover® Open Road Card for Students |
| Card Issuer | Discover |
| Card Category | Student |
| Card Status/Type | Standard / Discover |
| Credit Rating Needed | FairGood,Limited |
| Best Feature(s) | No annual fee; 0% introductory rate; rewards program. |
| Minimum Credit Limit | n/a |
| Maximum Credit Limit | n/a |
| Introductory APR | 0% |
| Introductory Offer | 0% APR for 9 Months* |
| Additional Details | There is a 0% introductory APR* on purchases for 9 months. See terms and conditions for complete details. |
| Regular APR | 13.99%- 20.99% V |
| Cash Advance APR | 23.99% |
| Grace Period | 25 Days (Min.) |
| Annual Fee | $0 |
| Late Fee | Up to $35 |
| Over Credit Limit Fee | n/a |
| Cash Advance Fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Balance Transfer Fee | Either $10 or 5% of the amount of each transfer, whichever is greater |
| Reward Type | Rebate |
| Reward Expiration | None (Account inactivity for more than 18 months could result in the forfeiture of some or all of the Cashback Bonus®.) |
| Reward Annual Limit | None |
| Cash Rebate Details | Earn 1% unlimited Cashback Bonus on all purchases after your total annual purchases exceed $3,000, and other purchases that are part of your first $3,000 earn .25%. |
| Minimum Cash Rebate | .25% |
| Maximum Cash Rebate | 2% |
| Additional Cash Rebates | Earn a full 2% Cashback Bonus on your first $250 in combined gas and restaurant purchases each billing period. |
| Additional Perks | Various Internet account related services. Fraud and security protection services. See website for additional benefits. |
| Editor’s 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 | Feb 1 2012 12:00AM |
