How to Maximize Your Discover Student Card Rewards
If you’re using the Discover Student Card, you’re already on the path to earning valuable rewards.
However, to truly make the most of this card, it’s important to understand how to leverage its features effectively. Here’s a quick guide to help you maximize your Discover Student Card rewards.
Track Rotating Categories and Activate Them
Each quarter, you need to activate the 5% cashback categories through your Discover account. Don’t miss out on this opportunity! Set a reminder to activate the categories at the beginning of each quarter to ensure you don’t forget. You can easily do this online or through the Discover mobile app.
Use Your Rewards for Statement Credit or Purchases
Once you’ve earned cashback, it’s time to redeem it. With the Discover Student Card, you can use your rewards for statement credit, which reduces your balance, or you can redeem them for purchases on Amazon, gift cards, or even at local retailers. Check the rewards section of your account for all available redemption options.
Take Advantage of the Cashback Match Program
New Discover Student Cardholders get an amazing bonus: Cashback Match, which doubles the cashback you earn in your first year. This is a huge opportunity to maximize your rewards. Don’t forget that the Cashback Match will be applied automatically at the end of your first year, so keep track of your spending to maximize the bonus.
Use Your Card for Large Purchases
For larger purchases like textbooks, electronics, or school supplies, use your Discover Student Card to maximize your cashback. You’ll earn 1% on these purchases, and during the rotating categories, you can potentially earn 5%. Large purchases can make a big impact on your rewards balance.
Keep Track of Expiration Dates and Limits
Remember that your rewards may expire if not used within a certain period. Keep an eye on your rewards and make sure you redeem them before they expire. Also, check if there are any limits on how much cashback you can earn in the rotating categories to ensure you’re getting the most out of your spending.
Use Discover Deals for Extra Savings
Discover offers exclusive deals through the Discover Deals program, where you can get cashback at popular retailers like Amazon, Target, and more. Before making any big purchase, check Discover Deals for extra cashback or discounts. It’s a simple way to boost your rewards.
Monitor Your Spending Through the Discover App
The Discover mobile app makes it easy to track your spending and rewards in real-time. You can view your cashback balance, monitor how much you’ve earned, and ensure you’re taking full advantage of the 5% categories. Regularly check the app to stay on top of your rewards and spending habits.
Pay Your Balance in Full Each Month
While earning cashback is great, it’s essential to pay off your balance in full each month to avoid interest charges. This ensures that your rewards are truly a benefit and not overshadowed by high-interest rates. Plus, paying off your balance on time helps build your credit score.