Discover® Student Card - Tropical Beach
The Discover® Student Card - Tropical Beach, issued by Discover, is designed for those with an average or limited credit history who are looking for a cash rewards credit card.
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.
You can also earn between 5% and 20% Cashback bonus when you shop at over 200 online retailers through ShopDiscover.com, Discover's exclusive online shopping mall!
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.
The APR for this card is reasonable and but there is no annual fee and 0% interest that applies to purchases for 9 months.
Therefore, students who plan to spend over $3,000 a year (to earn the 1% cash back), plan to use their Cashback Bonus® rewards at participating retailers (to earn a full 5% cash back and double cash back rewards), and plan to pay in full each month (to avoid costly finance charges) will benefit most from what the Discover® Student Card - Tropical Beach has to offer.
Discover® Student Card - Tropical Beach
| Name of Card | Discover® Student Card - Tropical Beach |
| Card Issuer | Discover |
| Card Category | Student |
| Card Status/Type | Standard / Discover |
| Credit Rating Needed | FairGood, Limited |
| Best Feature(s) | Cashback Bonus® rewards program; no annual fee. |
| 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 a 0.25% rebate for up to $1,500 in general spending; 0.5% for over $1,500 up to $3,000; and 1% for over $3,000. Reward is redeemable in $20 increments only. |
| Minimum Cash Rebate | .25% |
| Maximum Cash Rebate | 5% |
| Additional Cash Rebates | Earn a 5% Cashback Bonus® in popular 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 up to double Cashback Bonus® at participating Discover Card Partners. |
| Additional Perks | Various card designs to select from. Various Internet account related services. No liability for unauthorized transactions. 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 10:18AM |
