Discover® Student Card - Clear
Most Attractive: Double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); no annual fee; 0% intro APR on purchases.
Least Attractive: Low rate not available to all applicants.
Specifics
- Introductory Rate: 0% Interest* for 6 Months
- Applied Towards: Purchases
- APR (Purchases): 14.99%
- APR (Cash Advances): 23.99%
- Finance Configuration: Average Daily Balance (including new purchases)
- Annual Fee: None
- Additional Cardholders: $0
- Grace Period: 25 Days (Min.)
- Minimum Credit Limit: $500
- Maximum Credit Limit: up to $5,000
- 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
Reward Program Details
- Points per Dollar: n/app
- Additional Points: n/app
- Point Details: n/app
- Expiration: None (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus®.) (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus.)
- Yearly Limit: None
Review
Created for students who want a cash back rewards program. This is a good choice if you pay off your balance each month. Earn unlimited Cashback Bonus® of up to 1% of general purchases; earn up to 5% on specific categories that change 4 times a year (categories include gas stations, restaurants, travel and more). Spend up to $1,500 (or purchases at warehouse clubs and discount stores)-.25% rebate, Spend $1,500-$3,000- .5% rebate, spend over $3,000- 1% rebate. If not a full-time student, must have minimum household income of $15,000. Uses Two Cycles Average Daily Balance which may result in a higher finance charge. This card will benefit those who plan to spend over $3,000 per year (to earn the 1% cash rebate) and will pay off their total balance each month. Last Modified Date: 9/22/2008 12:00:00 AM
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.
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Important Notations
See website for complete terms and conditions of card usage and application disclosure.
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