Discover® Student Card - Clear Review
Issued by Discover
  
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Overall Rating:   Benefit Rating:  |
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The Discover® Student Card - Clear, issued by Discover, provides a Cashback Bonus® rewards program to cardholders.
Through the rewards program, students can earn a 5% Cashback Bonus for purchases made in popular categories that change four times a year like gas, restaurants, department stores 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 an 18-month period.
Aside from the rewards 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.
This card has no annual fee and 0% interest on purchases for 9 months.
Therefore, those who plan to spend over $3,000 a year (to earn 1% Cashback), plan to use their Cashback Bonus® award at participating retailers (to earn a full 5% Cashback), 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.
Through the rewards program, students can earn a 5% Cashback Bonus for purchases made in popular categories that change four times a year like gas, restaurants, department stores 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 an 18-month period.
Aside from the rewards 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.
This card has no annual fee and 0% interest on purchases for 9 months.
Therefore, those who plan to spend over $3,000 a year (to earn 1% Cashback), plan to use their Cashback Bonus® award at participating retailers (to earn a full 5% Cashback), 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.
Review Date: January 16, 2012
Note: The review on this card was updated on January 16, 2012. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
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Intro Rate (Intro APR):
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0% Interest* for 9 Months |
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Intro Applied Towards:
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Purchases |
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Additional Intro Details:
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*There is a 0% introductory APR on purchases for 9 months. See terms and conditions for complete details. |
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Purchase APR:
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13.99%- 20.99 V (Variable) |
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Cash APR:
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23.99% Variable (Variable) |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Grace Period:
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25 Days (Min.) |
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Over the Limit Fee:
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n/a |
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Cash Advance Fee:
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Either $10 or 5% of the amount of each cash advance, whichever is greater |
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Balance Transfer Fee:
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3% of the amount of each transfer. |
| Credit Card Reward Program Details (Rebate) | |
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Rebate Minimum:
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.25% |
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Rebate Maximum:
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20% |
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Additional Rebates:
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Earn a 5% Cashback Bonus? in categories that change four times a year like gas, restaurants, department stores and more. Earn a 0.25% rebate at select warehouse clubs and discount stores. Up to 20% Cashback Bonus at popular retailers when you shop |
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Rebate Details:
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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%. |
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Expiration:
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None (If your account is closed for any reason or inactive for 18 consecutive months or if you fail to make any Minimum Payment Due for two consecutive billing periods, any Cashback Bonus in you Cashback Bonus account will be forfeited.) |
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Yearly Limit:
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No |
| Features |
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Most Attractive Feature(s):
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| Rewards program; no annual fee; 0% intro APR on purchases. |
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Least Attractive Feature(s):
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| Low rate not available to all applicants. |
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Additional Features:
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| 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
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| *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. |
| Additional Information |
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Apply Online for the Discover® Student Card - Clear from Discover See other Student Credit Cards See other Discover Credit Cards |