Wednesday, May 22, 2013

Discover It for Students Credit Card Review: $20 Bonus Cash Back

The folks over at Discover it® for Students is offering a $20 Cash Back Bonus after your first credit card purchase. This card is really popular with students because it lets you earn 5% cash rebates on rotating categories of purchases, and up to 20% cash back on purchases in Discover’s online mall. If you are in college, this is a great card to build credit, earn cash back, and pay no annual fee.

RULES FOR THE CASHBACK BONUS OFFER: Get a $20 Cashback Bonus® after you make your first purchase within 3 months of being approved. Promotional award will be applied within 8 weeks. The promotional award is in addition to the Cashback Bonus earned on all purchases.

With 5% cash back in revolving categories throughout the year, you’ll be earning cash back on up to $1,500 on purchases such as restaurants, gas stations, movies, etc. For all other purchases, you’ll earn 1% Cashback with no maximum.

Discover Cashback Quarterly Categories 2013:

  • January-March 2013: Sign up to get 5% Cashback Bonus on up to $1,500 in purchases at restaurants and for movies.
  • April-June 2013: Sign up right now to get 5% Cashback Bonus* on up to $1,500 in purchases at Home Improvement Stores.
  • July-September 2013: Sign up begins on June 1st to get 5% Cashback Bonus on up to $1,500 in purchases at Gas Stations.
  • October-December 2013: Holiday Shopping – It’s a 5% Cashback Bonus wonderland. More info coming August 1st, 2013.

ShopDiscover: Up to 20% Cash Back

Just like all Discover cards, you can shop online through ShopDiscover to get up to 20% cash back! Get 5-20% Cashback whenever shopping through ShopDiscover from major online retailers such as Macy’s, Dell, Groupon, Jcpenny, Kmart, and many more partners.

No Annual Fee

No annual fee for you or for any additional cardholders. There is also no overlimit fee, no foreign transaction fee, no pay-by-phone fee, no late fee on your 1st late payment, and no interest rate increases for paying late! This sounds pretty darn good especially for a Student card!

Great Benefits

  • Purchase Protection: Your purchases made with your Discover card are protected for the first 90 days against theft or accidental damage. Up to $500 in coverage per purchase.
  • Extended Product Warranty: Get an additional year of coverage on your existing warranty of 36 months or less for no additional cost.
  • Return Protection: Return any qualifying purchase to Discover within 90 days for up to a $500 refund, even if the store won’t take it back.
  • $0 Fraud Liability Guarantee: If your card or account number is ever used fraudulently, you won’t be responsible for those charges.
Unlike a debit card, the Discover it® for Students will help you build a credit history while you are in college. Build your credit score over time with every purchase when you pay your bills on time, which is essential when you apply for loans or get a job in the future. It’s an excellent choice to take advantage of the $20 bonus cashback promotion along with their amazing rewards program. I definitely recommend the Discover it for Students with major advantages such as $0 liability for unauthorized transactions, online account management, and discounts on products and services at participating retailers. 

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