Discover® Student Credit Card

Quick Card Summary

• No annual fee, 0% intro on purchases
• Earn up to 20% cash back
• Unlimited Cashback Bonus

Ongoing APR	Setup Fee	Annual Fee	Credit Bureau Reporting	Credit Required
12.99% - 18.99% variable*	$0	$0	Yes	Bad Credit OK

Creditnet's Full Review

Discover offers a suite of credit cards for students who want to take control of their credit. Not only will you start building your credit history, but you'll also earn cash back on every single one of your purchases. Here is the lowdown on the Discover Student More Card for college students:

No annual fee. Yup, that's right. This card charges you no annual fee. So if you always pay off your entire balance on-time each month, this card and its benefits won't cost you a penny.

Earn up to 20% Cashback Bonus through ShopDiscover. If you're already planning on shopping online, you may as well spend an extra minute to earn up to 20% Cashback Bonus. Here's how it works: Log in to your Discover account, find the retailer's link, and click on it to take you directly to the retailer's website. Any purchases you make at the retailer's site will now earn you up to 20% in cash back. It's seriously that easy.

5% cash back on the stuff you buy the most. Discover knows how their customers spend money. So they've created categories based on customer usage that will earn you even more cash back. These categories change each quarter and in order to earn this 5% Cashback Bonus, you'll need to enroll every quarter; don't worry, it's quick and easy to do when you log in to your Discover account. Here are the dates and categories:

• Jan thru Mar 2012 - Gas and Entertainment: Your first $1,500 in purchases through March 31, 2012 at gas stations, movie theaters, museums, and other entertainment venues will earn you a full 5% Cashback Bonus right into your pocket. That's a bonus of up to $75 just for hanging out and/or going on dates. Any category purchases in excess of $1,500 will still earn you up to 1% cash back*.
• Apr thru Jun 2012 - Restaurants and Movies: If you're a fan of the perfect date (i.e. dinner and a movie), you'll love that from April until end of June, you'll earn 5% cash back on the first $1,500 of purchases at restaurants and movie theaters. That's another $75 back in your wallet. Whether you're treating a date, going dutch, part of a big group, or just going solo, you'll smile a little knowing that 5% of your purchase is coming back to you. And again, any purchases you make over $1,500 in this category this quarter will still earn you up 1% cash back*.
• Jul thru Sep 2012 - Gas and Summer Fun: It's even more fun spending your summer on road trips, at the movies, or screaming your way down Magic Mountain when you know you're earning 5% back on your purchases, potentially earning a max of $75. From July through September, your 5% bonus categories are gas and "summer fun", which include movies and theme parks. Cashback Bonus limits have not yet been set.
• Oct thru Dec 2012 - Holiday Shopping: Whether you're shopping for yourself or a loved one, you're going to earn a 5% cash back bonus on purchases at department stores, electronics stores, toy stores, and on movies. Cashback bonus limits have not yet been set.

*Earn up to 1% unlimited Cashback Bonus. On the first eligible $3,000** you spend each year of membership, you will earn .25% cash back. For purchases made in excess of $3,000** each anniversary year, you'll earn a full 1% cash back.
     **When calculating which purchases are eligible to count towards the $3,000, you cannot include any warehouse purchases (i.e. Costco, Sam's Club, etc.) or 5% category purchases IF those purchases earn you 5% Cashback Bonus. Category purchases in excess of any caps (check program details to see if any caps are set) WILL count as part of the eligible $3,000 per anniversary year. ShopDiscover purchases also count towards the eligible $3,000. Warehouse purchases always earn you .25% cash back.

Pay 0% interest on your purchases for 9 months. As long as you pay at least your minimum balance on time each month, you won't be charged any interest if you pay less than the statement's balance. However, we recommend students and credit newbies to always pay your bills in full to avoid going into debt. You should only be charging to your card what you can afford to pay right away. This is how you build good credit! If you find yourself in a situation where you cannot pay the full statement balance, pay at least the minimum balance due, and then make a plan to pay off the entire balance before the end of the 0% intro period.

Cashback Bonuses never expire and have no limit. The more you charge to this card, the more you'll earn in cash back with no yearly limits. Your bonuses also won't expire as long as your account has been active in the past 18 months.

So many ways to enjoy your Cashback Bonus! You can have your bonus deposited directly into your bank account or have it applied to your Discover card, paying down your current balance. Or if you're feeling generous, donate your bonus to charity or get a Discover gift card (purchase fee and shipping will be waived). If cash is not exciting enough for you, redeem your bonuses for brand-name merchandise (like clothes, electronics, gifts, etc.) and ship it to any US street address for free. And if you're interested in making your bonuses even MORE rewarding, redeem with over 150 of Discover's brand-name partners and your Cashback Bonus will be worth more than its cash-redemption value.

Enjoy platinum-level benefits. Even though this is a student credit card, Discover still gives you platinum-level benefits. Wake up at 3am with a burning question about your credit card? Call Discover's award-winning, U.S.-based customer service 24-7-365. Green is the new black, so save some trees by signing up for paperless statements and view all your account information online. Some stranger in a neighboring state decide to throw a pizza party on your dime without your permission? You are not liable for any unauthorized charges; that's right, you don't have to pay!

Tools to help you manage your finances. This is the best time to develop good financial habits and Discover helps you do that with the Spend Analyzer. See exactly how and where you're spending your money with the help of easy-to-understand visuals. You can also access your account to schedule payments or view activity on your smart phone using Discover's free mobile app.

Choose from over 25 card designs so this card truly represents you. From the distinguished colors of gold or platinum to a dreamy picture of a tropical beach to a classy monogram of your initials, you're bound to find a design you love.

Offer details may have changed since the last update of the information on this page. Please see Fees, Terms & Conditions for updated and complete information.

Purchase Rates

Intro APR:	0%
Intro Period:	9 mo.
Ongoing APR:	12.99% - 18.99% variable*
Penalty APR:	Up to 29.99%

Balance Transfer and Cash Advance Rates

Balance Transfers		Cash Advances
Intro APR✝ :	n/a	Intro APR✝ :	n/a
Intro Period:	n/a	Intro Period:	n/a
Ongoing APR:	12.99% - 18.99% variable*	Ongoing APR:	23.99%
Penalty APR:	n/a	Penalty APR:	29.99%
Transfer Fee:	n/a	Advance Fee:	3%
Min. Transfer Fee:	n/a	Min. Advance Fee:	$5.00
Max. Transfer Fee:	n/a	Max. Advance Fee:	n/a
✝ Must initiate transfer:	n/a

Miscellaneous

Other Rates		Credit Line		Penalty Fees
Foreign Transaction Fee:	2%	Min:	n/a	Late Payment:	$19-$39
Min. Interest Charge:	$0.50	Max:	n/a	Over the Credit Limit:	$15-$39
				Returned Payment	n/a