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Discover® Open Road Card for Students
Review
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% Cashback Bonus 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 and can earn between 5% and 20% Cashback bonuses shopping at over 200 online retailers through ShopDiscover.com!
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% Cashback Bonus at select warehouse clubs and discount stores, and they can earn a double Cashback Bonus® when redeeming their rewards for gift certificates from participating Discover® Card Partners. There is no yearly limit to the amount of rewards that may be earned and rewards do not expire as long as the account is active within an 18-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 cashback rewards) 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.
Updated: Wednesday, June 01, 2011
Most Attractive Feature(s): No annual fee; 0% introductory rate; rewards program.
Least Attractive Feature(s): Low rate not available to all applicants.
Note: The review of this card was updated on 6/1/2011. The review was believed to be accurate during that time. Some information may have changed since that date. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application. Credit card review information is provided by FlexOffers.com, Inc.
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