- Earn 5% cash back everyday spending categories that change every three months
- Get a $20 statement credit every year your GPA is 3.0 or higher, plus Discover will double all the cash back you earn in your first year
- No annual or foreign transaction fees
- You need to activate the bonus categories each quarter to qualify for the 5% rewards rate
- The card charges a high APR
- Discover isn't widely accepted overseas
Application Process: Apply online and get a response in 60 seconds.
Rewards: Earn 5% cash back on rotating categories such as Amazon.com, transportation, restaurants and more, for up to $1,500 spending per quarter with 1% cash back on all other categories.
Bonus Offers: Discover will match all the cash back you earn in your first year dollar for dollar. You'll also get $20 cash back each year your GPA is 3.0 or higher for the next five years.
APR: 14.49% to 23.49% variable.
Annual Fee: None.
- Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants or Amazon.com up to the quarterly maximum each time you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
- Good Grades Rewards: $20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years.
- No annual fee. No late fee on first late payment. No APR change for paying late.
- Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
- Freeze It® on/off switch for your account that prevents new purchases, cash advances & balance transfers in seconds.
- Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
- 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 14.49% - 23.49%.