"Comparisons and secure applications
of the best credit card offers online."
|
"Comparisons and secure applications of the best credit card offers online." |
|
Additional Details, Terms and Conditions | |
| Category | Student |
|---|---|
| Status | Standard |
| Introductory Percentage Rate | 0.00 |
| Introductory Time Period | 6.00 |
| Intro Applies To | Purchases |
| Intro Details | There is a 0% introductory APR* on purchases for 6 months. See terms and conditions for complete details. |
| APR for Purchases | 14.990 |
| Purchase Rate Type | Variable |
| Minimum APR on Purchases | No |
| APR for Cash Advances | 23.990 |
| Cash Advance Rate Type | Fixed |
| Finance Charge Calculation | Average Daily Balance (including new purchases) |
| Annual Fee | $0 |
| Additional Annual Fees | $0 |
| Annual Fee Detail | None |
| Grace Period | 25 Days (Min.) |
| Late Payment Fee | $19 on balances up to $250; $39 on balances over $250 |
| Over Limit Fee | $15 on balances up to $500 and $39 on balances over $500 |
| Cash Advance Fee | 3%, $5 minimum |
| Balance Transfer Fee | n/a |
| Minimum Balance Transfer | n/a |
| Maximum Balance Transfer | n/a |
| Deposit Interest | n/a |
| Type of Reward | Rebate |
| Optional Reward | No |
| Rebate Minimum | .25% |
| Rebate Maximum | 5% |
| 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. |
| 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. |
| Expiration | None (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus®.) |
| Yearly Limit | None |
| Bonus Approval | None |
| Bonus First Purchase | None |
| Bonus Balance Transfers | None |
| Bonus Annual | None |
| Bonus Other | None |
| Bonus Details | None |
| Additional Perks | Various Internet account related services. Fraud and security protection services. See website for additional benefits. |
| Notations | See website for complete terms and conditions of card usage and application disclosure. |
| Features / Benefits: | 5% to 20% Cashback Bonus® at Top Online Retailers* |
| 1 | Up to 1% Unlimited Cashback Bonus® on All Other Purchases Automatically |
| 2 | Increase, Even Double, Your Rewards When You Redeem for Gift Cards from Our 100 Cashback Bonus® Partners |
| 3 | No Annual Fee |
| 4 | Online Account Access |
| 5 | Online Bill Payment |
| 6 | *View Discover® Card Rates, Fees, Rewards, and Other Important Information |
| Rating | 2.50 |
| Benefit Rating | 3.50 |
| Best Feature | No annual fee; 0% introductory rate; reward program. |
| Worst Feature | Low rate not available to all applicants. |
| 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. 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. 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. 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. 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. |
| Date of Data Update | 2008-08-19 00:00:00 |
Credit Card Offers Home | Privacy Statement | Terms of Use | Comparison Grid | Credit Articles | News Archives | Site Map |
