Issuer: Discover

Category: Student

Card Type: Discover

Card Status: Standard

Annual Fee: $0

Grace Period: 25 Days (Min.)

Late Pay Fee: $19 on balances up to $250; $39 on balances over $250

Over Limit Fee: $15 on balances up to $500; $39 on balances over $500

Type of Rewards: Rebate

Best Feature: Cashback Bonus® award program; no annual fee.

The Discover® Student Card - Tropical Beach, issued by Discover, is designed for those with an average or limited credit history who are looking for a cash rewards credit card.

Through the rewards program, cardholders earn a 5% rebate for purchases made in popular categories that change four times a year like travel, gas, restaurants, movies, and more. Plus, cardholders earn up to 1% for general purchases.

Cardholders will earn a 1% unlimited Cashback Bonus on all purchases after their total annual purchases exceed $3,000. Purchases that are a part of the first $3,000 will earn .25%. Cardholders also earn a 0.25% rebate at select warehouse clubs and discount stores, and they can earn 5% to 20% Cashback Bonus® at Discover's exclusive online shopping mall.

There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account is active within a 36-month period.

Aside from the rewards program, the card also provides standard benefits, including online account management, no liability for unauthorized transactions, and discounts on products and services at participating merchants and retailers.

The APR for this card is reasonable and but there is no annual fee and 0% interest that applies to purchases for six months.

Therefore, students who plan to spend over $3,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn a full 5% rebate and double cash rebates), and plan to pay in full each month (to avoid costly finance charges) will benefit most from what the Discover® Student Card - Tropical Beach has to offer. 


*It is important to note that like many cash rewards cards, the highest rebate offered will not apply to all purchases made with the credit card. In this case, 1% will be applied only to those purchases made after the cardholder spends over $3,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. For instance, if the cardholder were to spend $4,000, only $1,000 of this amount would be applied towards the 1% rebate. However, this does not take into account any promotional offers or the full 5% Cashback Bonus® award.

* *See the online Discover credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on Discover's website.