Discover it Student Cash Back Card is a Credit Card
With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel. However, with the current offer for this card, there is a 0% intro APR on purchases and balance transfers for 12 months.
Earn CASH BACK with the card.
No Sign-up Bonus But…
No purchase minimums and no sign-up bonus BUT after the first 12 consecutive billing periods that your new account is open, Discover will match all of the cash back rewards you’ve earned and apply them to your account. Note, this offer is available only to new cardmembers.
Earn Cash Back on Spending
1. Earn 5% cash back in rotating categories each quarter, up to the $1,500 each time you activate.
2. Earn 1% Cash Back on other purchases.
Note, some of the ways that you can redeem your Cash Back is a credit to your account or an electronic deposit into any account you designate.
Good Grades Rewards
If you have a GPA of 3.0 or higher (or equivalent) during a School Year (September – August), you may apply at Discover.com for a $20 Cashback Bonus (“Good Grade Reward”). You can get one Good Grade Reward per School Year, per account, up to a maximum of five(5) consecutive years from the date your account is opened.