Discover Student Card Cashback Benefits
The Discover Student Card offers a valuable cashback program that can help students make the most of their spending.
If you’re looking to maximize your rewards, here’s everything you need to know about the program and how to take advantage of it.
Earn 5% Cashback on Rotating Categories
The Discover Student Card allows you to earn 5% cashback on select categories that change each quarter. Categories like gas, groceries, and restaurants are examples of where you can earn this high cashback rate. To benefit fully, keep track of the rotating categories and use your card for purchases in those areas during the quarter.
1% Cashback on All Other Purchases
For purchases outside of the rotating categories, you’ll still earn 1% cashback on every dollar spent. While this rate is lower, it adds up quickly on your everyday purchases like textbooks, food, or clothing. Using your card regularly will help you accumulate cashback at a steady pace.
Cashback Match for New Cardholders
One of the most exciting features of the Discover Student Card is the Cashback Match offer for new cardholders. At the end of your first year, Discover will automatically double all the cashback you’ve earned. This is a great way to boost your rewards without doing anything extra.
No Limit on Cashback Earnings
Unlike some credit cards that cap the amount of cashback you can earn, the Discover Student Card has no limit on how much cashback you can earn. This means you can keep earning cashback as long as you’re using the card.
Flexible Cashback Redemption Options
You can redeem your cashback in several ways. Use your rewards as statement credit to reduce your balance, or redeem them for gift cards, Amazon purchases, or travel. The flexibility allows you to choose the best way to use your rewards based on your needs.
Cashback Earnings Never Expire
Unlike some other rewards programs, the cashback you earn with your Discover Student Card never expires, as long as your account is open. This gives you the freedom to save up your rewards for bigger purchases or use them when it’s most convenient.
Easy Access to Rewards Tracking
Tracking your cashback rewards is simple with the Discover mobile app or online account. You can monitor how much cashback you’ve earned, see when the 5% rotating categories change, and track any special promotions or bonuses.
Discover Deals for Extra Savings
Discover offers a program called Discover Deals, where you can earn additional cashback when shopping at select retailers. By shopping through Discover Deals, you can boost your cashback earnings at popular stores like Target, Amazon, and Best Buy.
No Annual Fee
Another benefit of the Discover Student Card’s cashback program is that it comes with no annual fee. This means you can earn cashback on your purchases without worrying about an annual charge eating into your rewards.
Build Your Credit While Earning Rewards
Using the Discover Student Card helps you build your credit history, which is important for your financial future. And as you build your credit, you’re also earning cashback, making the program a win-win.