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April 14, 2006
Discover Student Clear - Editor's Review
This card is the perfect choice for students to establish their credit early, while enjoying the conveniences of a credit card. It will be easy to build your credit history with the unbeatable 0% introductory rate that comes with this card for six months. Also, you will enjoy the convenience of the online accessibility to your account they offer that allows you to pay your bills, view your last twelve statements and most recent transactions to keep you up-to-date and informed on your individual account. You can even choose to sign-up for an email reminder that will let you know of minimum payment that is due.
With your student clear card you also have the benefit of receiving up to 2% Cashback Bonus and get up to 1% cash bonus on all your purchases, with unlimited earnings. 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. You then have the options of doubling your reward with gift cards or certificates from Discover Card Partners such as Blockbuster, Carnival Cruise Lines, The Sharper Image and much more.
Like any credit card however, you must be careful when taking out a cash advance. Make sure you think it over carefully because it comes with a high interest rate of 20.99% that starts as soon as you receive your cash. Be sure to pay your bill on time because if you are late, your introductory or special rate will be terminated and the purchase APR will apply to any purchases or balance transfers you have made. You don't want to be stuck with another payment you really can't afford. I do however think this card is a good choice with the overall benefits and service it has to offer such as - Cashback bonus, no annual fee, online service and the free Discover 2Go card that can be conveniently attached to any key chain.
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