Discover® Student Card - Clear
The Discover® Student Card - Clear, issued by Discover, provides a Cashback Bonus® rewards program to cardholders.
Through the rewards program, students can earn a 5% Cashback Bonus for purchases made in popular categories that change four times a year like gas, restaurants, department stores and more.
In addition, cardholders earn up to 1% for general purchases. Those who spend up to $3,000 on general purchases will earn a .25% Cashback Bonus. After spending $3,000, cardmembers will earn 1% Cashback Bonus.
There is no yearly limit on the amount of rewards that can be earned, and rewards do not expire as long as the account is active within an 18-month period.
Aside from the rewards program, 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.
This card has no annual fee and 0% interest on purchases for 9 months.
Therefore, those who plan to spend over $3,000 a year (to earn 1% Cashback), plan to use their Cashback Bonus® award at participating retailers (to earn a full 5% Cashback), and plan to pay in full each month (to avoid costly finance charges) will benefit most from what the Discover® Student Card - Clear has to offer.
Discover® Student Card - Clear
| Name of Card | Discover® Student Card - Clear |
| Card Issuer | Discover |
| Card Category | Student |
| Card Status/Type | Standard / Discover |
| Credit Rating Needed | FairGood,Limited |
| Best Feature(s) | Rewards program; no annual fee; 0% intro APR on purchases. |
| 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 | None |
| Cash Advance Fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Balance Transfer Fee | 3% of the amount of each transfer. |
| 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 | Up to 1% unlimited Cashback Bonus on everything else you buy |
| Minimum Cash Rebate | .25% |
| Maximum Cash Rebate | 20% |
| Additional Cash Rebates | Earn a 5% Cashback Bonus® in categories that change four times a year like gas, restaurants, department stores and more. Earn a 0.25% rebate at select warehouse clubs and discount stores. Earn a 0.25% rebate for the first $3,000 spent. Up to 20% Cashback Bonus at popular retailers when you shop online through ShopDiscover.com |
| Additional Perks | Various Internet account related services. Various card designs to select from. No liability for unauthorized transactions. Fraud and security protection services. Discounts on products and services at participating merchants and retailers. 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 10:22AM |
