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. Earn more about the Good Grades program and the credit cards associated with it:
1.How the Discover Good Grades Program Works
Students who earn a GPA of 3.0 or higher each school year for up to the next five years can get a $20 statement credit each year.
To be eligible to receive this Cashback Bonus®, 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 Bonus® account within one to two billing cycles.
2.The Two Discover Credit Cards That Reward Students
In addition to the Good Grades Rewards program, the Discover it® Student Cash Back and Discover it® Chrome for Students cards also include several other benefits that can be valuable to students.
- With the Discover it® Student Cash Back card, you earn 5 percent cash back at different everyday places each quarter like grocery stores, restaurants, gas stations, rideshares and online shopping (Amazon.com, Walmart.com, PayPal and more), up to the quarterly maximum each time you activate. And 1 percent cash back on everything else – automatically.
- With the Discover it® Chrome for Students card, you earn 2 percent cash back at restaurants and gas stations, on up to $1,000 in combined purchases each quarter, and 1 percent cash back on all other purchases.
With these cards you will automatically earn unlimited Cashback MatchTM at the end of your first year as a new cardmember, equal to all of the rewards you earn your first year. There’s no minimum spending or maximum rewards. Just dollar-for-dollar match – only from Discover.
Published May 1,2017.
Updated May 29, 2020.