Discover Card Offers a Good Grades Reward Program
July 31 2015 - 8:00AM
Business Wire
New Student Cardmembers can Earn a $20 Cashback
Bonus® Each School Year
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.
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DiscoverDerek Cuculich,
224-405-0665derekcuculich@discover.com
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