Discover® Student Card - Clear

This Discover Credit Card is issued by Discover.

This card received a rating of 3.00 out of 5.00

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The Discover® Student Card - Clear, issued by Discover, provides a Cashback Bonus® reward program to cardholders.

Introductory Rate:	0% Interest* for 6 Months
Time Period:	6 months
Rate Applied To:	Purchases
Additional Details:	There is a 0% introductory APR* on purchases for 6 months. See terms and conditions for complete details.
Regular APR:	14.99%
Variable or Fixed:	Variable
Annual Fee:	$0
Annual Fee Details:	None
Application Fee:	n/app
Participation Fee:	n/app
Reload Fee:	n/app
Inactive Fee:	n/app
Total First Year Fees:	n/app
Type Of Rewards:	Rebate
Be sure to read the card's Data before applying!

Credit Card Review

The Discover® Student Card - Clear, issued by Discover, provides a Cashback Bonus® reward program to cardholders.

Through the reward program, students can earn a 5% rebate for purchases made in 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.

Students who spend up to $1,500 on general purchases will receive a .25% rebate, between $1,500 and $3,000 will receive a .5% rebate, and over $3,000 will receive a 1% rebate.*

Cardholders also earn a 0.25% rebate at select warehouse clubs and discount stores, and they can earn a double Cashback Bonus® for redeeming their rebates for gift certificates from participating Discover® Card Partners. There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account is active within a 36-month period.

Aside from the reward 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, 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 (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn a full 5% rebate and double cash rebates), 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.

*It is important to note that like many cash reward cards, the highest rebate offered will not apply to all purchases made with the credit card. In this case, 1% will be applied only to those purchases made after the cardholder spends over $3,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. For instance, if the cardholder were to spend $4,000, only $1,000 of this amount would be applied towards the 1% rebate. However, this does not take into account any promotional offers or the full 5% Cashback Bonus® award.

This review was updated 2009-01-02T00:00:00.0000000-07:00

Reward Program Information

Type Of Rewards:	Rebate
Reward Program Optional:	No
	Optional programs may have a fee. See Data for details.

For Cards with Cash Back Incentives
Lowest Possible Rebate:	.25%
Highest Possible Rebate:	5%
Additional Rebates:	Earn a 5% Cashback Bonus® in categories that change four times a year like travel, gas, restaurants, movies 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.
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.

For Cards with Point Incentives
Points Per Dollar Spent:	n/app
Additional Points:	n/app
Point Details:	n/app

For Cards with Airline Incentives
Miles Per Dollar Spent:	n/app
Additional Miles:	n/app
Program Details:	n/app

Rewards Expiration Period: None (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus®.)

Annual Limit: None

Additional Credit Card 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.

Special Notations about the Discover® Student Card - Clear

See website for complete terms and conditions of card usage and application disclosure.

Always read the credit card's Data before applying!