Discover is rewarding new student cardmembers with $20 in Cashback Bonus® if their grade point average is 3.0 (or equivalent) or higher each year they are enrolled in school, for the first five years from the account opening.
The Good Grades $20 Cashback Bonus will be in addition to the current rewards structures for the two student credit cards Discover has available:
• Discover it® chrome for Students offers an automatic 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases quarterly.
• Discover it® for Students offers 5% cash back in categories that change each quarter, up to the quarterly maximum in combined purchases, when you sign up.
• Both cards earn 1% cash back on all other purchases.
When students become a new Discover cardmember they receive a variety of benefits that continue even after school. All Discover cardmembers receive their recent FICO® Credit Scores for free1 and have the ability to view key factors that impact their scores. They will have access to Freeze ItSM – an on/off switch for their card. Cardmembers can freeze their card in seconds using our mobile app or website to prevent new purchases, balance transfers and cash advances. Discover cardmembers also have the support of award-winning U.S.-based customer service.
This is the second Good Grades Reward program for Discover. Discover Student Loans launched a Cash Reward for Good Grades program in 2014. Customers who have a Discover student loan can go to DiscoverStudentLoans.com/Reward for terms and conditions. Customers who obtained a Discover student loan after April 30, 2014 and are a new Discover Student cardmember are eligible for both bonuses and must apply for and redeem them separately.
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