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 and $39 on balances over $500

Type of Rewards: Rebate

Best Feature: No annual fee; 0% introductory rate; rewards program.

The Discover® Open Road Card for Students, issued by Discover, is designed for students who would like to earn cash rewards for their gas and auto maintenance expenses.

Through the rewards program, students can earn a full 5% in cash rebates on your first $100 in gas and auto maintenance purchases each month for up to $1,200 each year. In addition, cardholders earn up to 1% for general purchases.

You will receive a 1% unlimited Cashback Bonus on all purchases after your total annual purchases exceed $3,000, and other purchases that are part of your first $3,000 will earn .25%. Rewards are redeemable in $20 increments.

Cardholders also earn a 0.25% rebate at select warehouse clubs and discount stores, and they can earn a double Cashback Bonus® when redeeming their rebates for gift certificates from participating Discover® Card Partners. There is no yearly limit to the amount of rebates that may be earned and rebates do not expire as long as the account is active within a 36-month period.

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 there is no annual fee. There is also a 0% introductory APR that applies to purchases for six months.

Therefore, students who plan to use their Cashback Bonus® award at participating retailers (to earn double cash rebates) and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Discover® Open Road Card for Students has to offer.

* *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.