New Student Cardmembers can Earn a $20 Cashback Bonus®
Each School Year
RIVERWOODS, Ill.--(BUSINESS WIRE)--Jul. 31, 2015--
Discover is giving students who sign up for a new Discover student
credit card an added incentive to get good grades while they are in
school. New student cardmembers who apply after July 23, 2015 will be
rewarded 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.
“This best in class program for new Discover cardmembers gives students
an opportunity to earn a bonus for hard work in their classes,” said
Ryan Scully, a marketing vice president at Discover. “It is also a good
way for students to experience the benefits that come with being a
Discover cardmember.”
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.
“We think it’s important that students understand good credit habits and
the importance of a healthy FICO® Credit Score,” Scully
added. “Once a student graduates, they will continue to get these great
features to help achieve their personal goals and better prepare them
for the future.”
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.
To learn more about Discover’s student cards please visit: www.discover.com/credit-cards/student.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts, certificates of deposit and money market accounts through its
direct banking business. It operates the Discover Network, with millions
of merchant and cash access locations; PULSE, one of the nation's
leading ATM/debit networks; and Diners Club International, a global
payments network with acceptance in more than 185 countries and
territories. For more information, visit www.discover.com/company.
1 Your FICO® Credit Score is based on data from
TransUnion and may be different from other credit scores. Limitations
apply to the FICO® Credit Score for free benefit. See
Discover.com/FICO to learn more. FICO is a registered trademark of the
Fair Isaac Corporation in the United States and other countries.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150731005106/en/
Source: Discover Financial Services
Discover
Derek Cuculich, 224-405-0665
[email protected]