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| Credit Card Review |
The Discover® Open Road(SM) Card for Students, issued by Discover, is designed for students who would like to earn cash rewards for their gas and auto maintenance expenses.
Through the reward program, students can earn a 5% rebate on gas and auto maintenance expenses. Discover Credit Card membership offers a range of services and benefits. 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.* Rewards are redeemable in $20 increments. Discover® Open Road(SM) Card for Students profile for credit card applicants or research.
Cardholders also earn a 0.25% rebate at select warehouse clubs and discount stores, and they can earn a double Cashback Bonus® when redeeming their rebates for gift certificates from participating Discover® Card Partners. There is no yearly limit to the amount of rebates that may be earned and rebates do not expire as long as the account is active within a 36-month period. Explore the many reasons to apply for the Discover® Open Road(SM) Card for Students today.
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 and there is no annual fee. There is also a 0% introductory APR that applies to purchases for six months. Discover credit card ratings and online Discover® Open Road(SM) Card for Students applications.
Therefore, students who plan to spend up to $1,200 a year on gas and auto maintenance purchases (to earn the full 5% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn double cash rebates), and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Discover® Open Road(SM) Card for Students 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.
Most Attractive Feature: No annual fee; 0% introductory rate; reward program.
Least Attractive Feature: Low rate not available to all applicants.
Apply Now For Discover® Open Road(SM) Card for Students
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Note: The review
of this Discover® Open Road(SM) Card for Students from Discover was updated on August 19, 2008
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| Key Card Information |
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Introductory Rate: |
0% Interest* for 6 Months |
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Applied Towards: |
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: |
n/a |
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Maximum Credit Limit: |
n/a |
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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 and $39 on balances over $500 |
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Cash Advance Fee: |
3%, $5 minimum |
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Balance Transfer Fee: |
n/a |
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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 full 5% rebate for up to $1,200 in gas and auto maintenance purchases; 0.25% for over $1,200 up to $1,500; 0.5% for over $1,500 up to $3,000; and 1% for over $3,000. Earn a 0.25% rebate at select warehouse clubs and discount stores. |
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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. Earn a 0.25% rebate at select warehouse clubs and discount stores. Reward is redeemable in $20 increments only. |
| Additional Highlights of Interest |
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Special Card Benefits and Features
Important Notes Regarding This
Offer
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Apply Now For Discover® Open Road(SM) Card for Students
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