"Comparisons and secure applications
of the best credit card offers online."
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"Comparisons and secure applications of the best credit card offers online." |
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Additional Details, Terms and Conditions | |
| Name | Discover® Student Card |
|---|---|
| Most Attractive | 0% intro APR on purchases; Cashback rewards program; no annual fee. |
| Least Attractive | Low rate not available to all applicants. |
| Description | 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% Cashback Bonus 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. 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 a consecutive 18-month time 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, plan to use their Cashback Bonus® reward at participating retailers, 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. |
| Short Description | The Discover® Student Card is an ideal card if you want to earn cash rewards on card purchases. Through the rewards program, you'll earn a 5% Cashback Bonus for purchases made in popular categories that change four times a year like travel, gas, restaurants, movies, and more. Plus, you'll earn up to 1% for general purchases. Those who spend up to $3,000 on general purchases will earn a .25% Cashback Bonus, and after spending $3,000, cardmembers will earn 1% Cashback Bonus. The amount of rewards you can earn is unlimited. This card offers an interest-free introductory period for purchases with no annual fee, but the rate for purchases is reasonable after the introductory rate expires. This card provides limited benefits and services. |
| Rating | 3 |
| Content Updated Date | Jun 1 2011 5:07PM |
| Bullets |
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| Issuer | Disc |
| Category | Student |
| Card Type | Discover |
| Introductory Rate Offer | 0% APR for 6 Months* |
| Card Status | Platinum |
| Introductory APR | 0.00 |
| Time Period Months or Billing Cycles | 6 |
| Time Period Type | Months |
| Intro Applied To | Purchases |
| Intro Details | There is a 0% introductory APR* on purchases for 6 months. See terms and conditions for complete details. |
| Purchase Based on Index | Prime Rate |
| Purchase Index Value | 3.25 |
| Margin Rate for Purchases | 10.74 |
| APR for Purchases Numeric | 13.99 |
| APR for Purchases | as low as 13.99% |
| Rate for Purchases is | Variable |
| Cash Index Value | 0.00 |
| Margin Rate for Cash Advances | 0.00 |
| APR for Cash Advances Numeric | 23.99 |
| APR for Cash Advances | 23.99% |
| Rate for Cash Advances is | Variable |
| Method of Computing Balance | Average Daily Balance (including new purchases) |
| Annual Fee | $0 |
| Annual Fee for Additional Cardholders | $0 |
| Annual Fee Details | None |
| Grace Period | 25 Days (Min.) |
| Late Payment Fee | $19 on balances up to $250; $39 on balances over $250 |
| Over The Limit Fee | $15 on balances up to $500; $39 on balances over $500 |
| Cash Advance Fee | 3%, $5 minimum |
| Balance Transfer Fee | None |
| Type of Reward | Cashback |
| Reward Expiration | None (Account inactivity for more than 18 months could result in the forfeiture of some or all of the Cashback Bonus®.) |
| Reward Yearly Limit | None |
| Rebate Minimum | 0.25% |
| Rebate Maximum | 5% |
| Rebate Details | Automatically earn 1% unlimited Cashback Bonus on purchases after your total annual purchases exceed $3000; purchases that are part of your first $3000 earn .25%. Warehouse purchases (those made at select warehouse clubs, discount stores and their affiliates) earn .25%. 5% Cashback Bonus program - Earn 5% Cashback Bonus on category purchases up to the total purchase dollar amount specified in each program. |
| 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. |
| Important 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. |
| Card Overall Rating | 3.00 |
| Card Benefit Rating | 4.00 |
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