Students know that earning good grades will pay off in the long run, but it can also be nice to have incentives to do well in college. Discover offers two credit cards that reward students each school year when they maintain high grades as part of the Discover Good Grades program.
Get cash back on gas and restaurants with Discover itÂ® Chrome.
How the Discover Good Grades Program Works
Eligible students with a Discover itÂ® for Students or Discover itÂ® chrome for Students card who earn a grade point average (GPA) of 3.0 or higher (or equivalent) during a school year (September – August) may apply for a $20 Good Grades Reward at Discover.com. You can earn one Good Grades Reward per school year, per account, for up to five consecutive years.
To be eligible to receive this Cashback BonusÂ®, you have to indicate on your credit card application that you’re currently enrolled in college or graduate school. You also have to have your payments current and your account open at the time you apply for the Good Grades Reward.
To register your grades, log on to your account at Discover.com and enter your GPA (or equivalent) for any term during the school year. Discover may request additional documentation to verify your GPA. Then, your Good Grades Reward will be added to your Cashback BonusÂ® account within one to two billing cycles.
About the Discover itÂ® / Discover itÂ® chrome Student Cards
In addition to the Good Grades Rewards program, the Discover itÂ® and Discover itÂ® chrome for Students cards also include several other benefits that can be valuable to students.
With the Discover itÂ® for Students card, you earn 5% cash back in rotating categories each quarter like gas stations, Amazon.com, restaurants, wholesale clubs and more up to the quarterly maximum each time you activate. You also earn 1% cash back on all other purchases.
With the Discover itÂ® chrome for Students card, you earn 2% cash back at restaurants and gas stations, on up to $1,000 in combined purchases each quarter, and 1% cash back on all other purchases.
With these cards you will automatically earn Cashback MatchTM at the end of your first year as a new cardmember*, equal to all of the rewards you earn your first year. For example, if you have earned $100 worth of cashback rewards, Discover will match your cash back and your total earned rewards will equal to $200.
You also receive 100% U.S.-based customer service. Discover cardholders can view their FICOÂ® Credit Score for free online and on their monthly statements.*
Get Cash Back on Gas and Restaurants with Discover itÂ® Chrome.
*Cashback MatchTM: Only from Discover, as of January 2017. After the first 12 consecutive billing periods that your new account is open, we will match all of the cash back rewards you’ve earned and apply them to your account in the following one or two billing periods. If your account is closed or no longer in the cash back reward program at the time we calculate your potential award, your cash back will not be matched. You’ve earned cash back rewards when they have posted to your account by the end of the 12th consecutive billing period. This promotional offer may not be offered in the future. This exclusive offer is available only to new cardmembers.