Credit Card Review & Application

Discover Student More Card - $20 Cash Back


out of 5

- Experience Discover's great rewards program. Earn $20 Cashback Bonus®* when you make your 1st purchase within 3 months of approval
- 0% intro APR on purchases for 6 months, then the variable standard purchase APR of 12.99% - 18.99%*
- 5% Cashback Bonus in categories that change throughout the year like gas, groceries, restaurants, department stores and more. Signing up is free and easy each time. And you'll earn 5% on up to the quarterly maximum*
- Every single purchase automatically gets Cashback Bonus®
- Fraud Liability - you will not be responsible for unauthorized charges
- No Annual Fee
- Sign up to receive text and email alerts
*Click apply to view rates, fees, rewards, limitations and other important information

Introductory APR: 0%*
Introductory Period: 6 months
APR on Purchases: 12.99% - 18.99% (variable)*
Annual Fee: $0*
Card Issuer: Discover Bank
Card Network: Discover®
Card Category: Student (Regular)
Card Type: - Card for Bad Credit
- Instant Decision Card
- Low Interest Credit Card
- Reward Card
Credit Needed: Fair*

The Discover Student Card - $20 CashBack offer could be something to consider if you are a young college student who is looking for something that could help you alleviate some of the daily costs of going to college. Whether you need to buy books for classes or some furniture for your new dorm room or student apartment, a simple credit card might make things a little easier.

The benefits of this Discover Student Card program may seem very simple, but that is somewhat the beauty of it. Many credit cards can be extremely complicated, which makes it difficult to keep track of your spending and the benefits. With this card, though, it is very easy to see how it benefits you.

First of all, you get a highly competitive introductory interest rate for the first six months after opening your account. This can be very helpful when you start school and need a few things to get going. When this introductory period expires, the standard variable percentage rate will, of course, be much higher, but very similar to other cards on the market.

If you want a new credit card that could save you money the Discover Student Card - $20 CashBack offer might be a good one because of the no-interest feature. Basically, if you pay off new charges in full within 25 days of purchase, which is the close of the monthly billing period, you will not be charged interest.

If saving money is important to you then you might also appreciate that the Discover Student credit card with $20 CashBack offer has no annual fee. While there are other fees associated with this card, which is pretty standard for most credit cards, they are also pretty reasonable. You will pay small processing fees for each balance transfer, each cash advance, and using your card overseas. You will also pay penalty fees for making a late payment and having a payment returned.

Of course, one major reason why you take out a credit card is because of the extra benefits. The Discover Student Card with $20 CashBack gives you the opportunity to earn 5% cashback all year long in a variety of categories. Depending on the time frame, you could get rebates on travel, restaurants, home and fashion purchases, grocery and drug store purchases, fuel, hotel stays, movie tickets, and theme park admission.

Applying for the Discover Student Credit Card - $20 CashBack is a little different than other cards. While you will have to submit the usual information, like your name, age, telephone number, address, e-mail address, and social security number, the online application will also request information on your school.

The review prepared by . Opinions expressed therein are solely those of the reviewer.

Reward Type: - Cash Back Reward Cards
Reward Unit: Cash
Rewards: - $20 Cashback Bonus
- 5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Shop Discover site
- 1% unlimited Cashback Bonus on everything else you buy
Expiration: None
Yearly Limit: None
Online Account Access: Yes
Introductory APR: 0%*
Applied Towards: Purchases
Introductory Period: 6 months*
APR on Purchases: 12.99% - 18.99% (variable)*
Annual Fee: $0*
Grace Period: 25 days*
Min Finance Charge: $0.50
Late Payment Fee: N/A*
Balance Transfer: Yes
APR Cash Advances: 24.99%

We do not offer online application for this card at the moment.

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† The information provided for Discover® Student More Card - $20 Cash Back is believed to be accurate at the time of evaluation (Dec 4, 2012). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.

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