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| Credit Card Review |
The Discover® Student Card - Monogram Collection, issued by Discover, provides a Cashback Bonus reward program as well as a personalized card design that displays the cardholder's initial(s).
Through the reward program, students can earn a 5% rebate for purchases made in popular categories that change four times a year like travel, gas, restaurants, movies, and more. Apply online Discover® Student Card - Monogram Collection with instant approval. In addition, cardholders earn up to 1% for general purchases.
Those 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. Get your Discover® Student Card - Monogram Collection and enjoy the power of plastic. 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 unique feature of this card is that cardholders can choose from three card designs that will display either their first initial or their first and last initials on the front of the card. Discover offers some of the best credit card rewards and benefit programs.
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 above average, 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 - Monogram Collection has to offer. Discover® Student Card - Monogram Collection Reviews and Reward Card Applications Online.
*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.
Most Attractive Feature: Personalized card design; double cash rebates at participating retailers and merchants (through the Cashback Bonus award program); no annual fee; 0% intro APR on purchases.
Least Attractive Feature: Low rate not available to all applicants.
Apply Now For Discover® Student Card - Monogram Collection
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Note: The review
of this Discover® Student Card - Monogram Collection from Discover was updated on June 27, 2008
*Terms and Conditions
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| Key Card Information |
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Introductory Rate: |
0% Interest* for 6 Months |
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Time Period: |
6 Months |
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Applied Towards: |
Purchases |
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APR (Purchases): |
16.99% |
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APR (Cash Advances): |
22.99% |
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Finance Configuration: |
Two Cycles Average Daily Balance (including new purchases) |
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Annual Fee: |
$0 |
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Additional Cardholders: |
$0 |
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Grace Period: |
25 Days (Min.) |
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Minimum Credit Limit: |
$500 |
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Maximum Credit Limit: |
$5,000 |
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Late Payment Fee: |
$19 on balances up to $250; $39 on balances over $250 |
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Over-The-Limit Fee: |
$15 on balances up to $500; $39 on balances over $500 |
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Cash Advance Fee: |
3%, $5 minimum |
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Balance Transfer Fee: |
None |
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Introductory Rate Details: |
There is a 0% introductory APR* on purchases for 6 months. See terms and conditions for complete details. |
| The Rewards Program
Highlights |
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Expiration: |
None (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus.) |
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Yearly Limit: |
None |
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Rebate Minimum: |
.25% |
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Rebate Maximum: |
5% |
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Additional Rebates: |
Earn a 5% Cashback Bonus® in popular 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. |
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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. |
| Additional Highlights of Interest |
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Special Card Benefits and Features
Various Internet account related services.
Cardholders choose their personalized card design.
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.
Important Notes Regarding This
Offer
See website for complete terms and conditions of card usage and application disclosure.
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Apply Now For Discover® Student Card - Monogram Collection
Citi® Bronze® / AAdvantage® Card for College Students | Discover® Student Card |
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