« Discover Miles Reward Card Reviewed | Main | Review Of The Discover Titanium Card »
April 13, 2006
Discover Student Classic Credit Card Review
The Discover Student Classic is a great card to help students build a credit history on. With this card they will receive an unbeatable rate of 0% on purchases for 6 months, but after the introductory period ends the rate will be increased to 15.49%. At this time, it is very important to make sure all outstanding balances are paid in full each month to avoid costly finance charges and take note that cash advances are at a high interest rate of 22.99%.
There are more great benefits that go with this card that include no annual fee, up to 2% Cashback Bonus and a free Discover 2GO card that can conveniently be attached to your key chain. You will receive your cash bonus on all your purchases made with unlimited earnings and you will have the option to even double your rewards with gift cards or certificates from such partners as Blockbuster, Carnival Cruise Lines, FTD.com and The Sharper Image. If you spend up to $1500, you will receive a .25% rebate and $3000 spent will give you a .5% rebate - spend over $3000 and you will receive a 1% rebate.
By reviewing the above mentioned benefits, I think this card is a good choice for those with an average or limited credit history who are looking for a cash reward credit card. Students who plan to carry a large balance should however consider a lower interest rate card that applies the Average Daily Balance method only once and not the more costly two-cycle method that this card offers.
Trackback Pings
TrackBack URL for this entry:
http://www.crediteria.com/cgi-bin/mt/mt-t.cgi/28