The Discover Student Clear Card allows the card holder to earn unlimited cash rewards while establishing that all important credit history that will benefit them throughout their lives. Cash rebates up to 5% are automatically granted to students that use this card for purchases that include bookstores, gasoline, travel, movies and dining. For all other purchases of goods and services the card holder will earn up to 1% cash back.
Additional savings can be realized at discount stores and warehouse clubs. Double cashback bonuses are awarded when points are redeemed as gift certificates at participating Discover card partners. There is no annual fee and no limit to the amount of cash rebates a cardholder can earn. Bonus points and rebates will not expire as long as the card has been actively used at some point in the past 3 years.
The Discover Student Clear Card offers platinum level features and benefits that include online account access 24/7, full protection against unauthorized transactions, discounts on goods and services from select merchants and a 0% intro rate on new purchases for 6 months. The interest rate on this and most other student credit card offers is high so be sure not to carry a balance. It is always a good idea to pay your bill in full every month to avoid interest charges.
When considering any credit card offer be sure to carefully read the terms and conditions set forth in the application before you apply. Familiarize yourself with how interest rates are calculated and how the cash rewards program is structured. The percentage of cashback rebates you will earn will in many cases be tied to how much you spend. There are many student credit cards available on the market today so be sure to compare the offers that interest you.