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Discover® Student Card - Discover
Discover® Student Card, brought to you by Discover® Card and CreditCardAssist.com, is a Discover credit card for students that offers a 0% introductory APR with no annual fee. Search and compare Discover student credit cards and apply online. |
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Discover® Student Card |
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- Unlimited Cash Rewards, Automatically
- 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, movies and many more.
- Up to 20% Cashback Bonus® When You Shop Online
- Double Rewards with More than 100 Cashback Bonus Partners
- Customer Service in Less than a Minute, Anytime You Want
- *View Discover® Card Rates, Fees, Rewards and Other Important Information
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases*
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6 Months*
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As Low As 14.99%*
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None*
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N/A*
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Very Good Credit*
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Editor's Review:
The Discover Student Card, which is issued by Morgan Stanley, was created for students who have an average credit history or a limited credit history that would also like to participate in a cash back program.
The cash back program of the Discover Student Card provides the cardholder with a full 5% rebate on all purchases made at participating merchants. In addition, general purchases receive up to 1% cash back based on a prorated system. The first $1,500 spent earns the cardholder a .25% rebate. Once the cardholder spends $1,500, he receives a .5% rebate up to $3,000. After $3,000, the cardholder receives a 1% rebate on purchases. In addition, cardholders earn .25% on purchases made at discount stores and at warehouse clubs.
Cardholders can also earn a double Cashback Bonus when they redeem their rebates for gift certificates from participating Discover Card Partners. In addition, there is no limit on the amount of rebates a cardholder can earn in one year and the rebates never expire, so long as the card is active at least one time in a three-year period.
In addition to the cash back rewards program, the Discover Student Card offers additional perks. For example, it provides cardholders with protection from liability for unauthorized transactions and discounts on a variety of products and services provided by participating retailers and merchants. The card also offers a 0% introductory APR on purchases. This rate is applied to all purchases made within the first six months of membership.
There is no annual fee associated with the Discover Student Card and it is free to add additional cardholders to the account. After the introductory period is complete, the variable APR on purchases is based on the Prime Rate. The APR on cash advances, however, is a fixed 22.99%. In addition, finance charges are determined using the "Two Cycles Average Daily Balance," which is less common and potentially more costly than the "Average Daily Balance" method for those carrying a balance on their card. The maximum credit limit a cardholder can receive with the card is $5,000.
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(Review Date: August 8, 2010)
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