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.
How the Discover Good Grades Program Works
Eligible students with a Discover it® for Students or Discover it® 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 statement credit at Discover.com. You can earn one Good Grades Reward per school year, per account, for up to the next five consecutive years.*
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.
About the Discover it® / Discover it® chrome Student Cards
In addition to the Good Grades Rewards program, the Discover it® and Discover it® chrome for Students cards also include several other benefits that can be valuable to students.
With the Discover it® for Students card, you earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com**, or wholesale clubs up to the quarterly maximum each time you activate. And 1% cash back on everything else – automatically.
With the Discover it® 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.
*Good Grade Reward only available to new cardmembers on or after 7/23/2015 who indicate on their application that they are currently enrolled in college, and whose accounts are current and remain open when the Good Grade Reward is requested. Students with a Discover it® or Discover it® Chrome card who have a GPA of 3.0 or higher (or equivalent) during a School Year (September – August) may apply at Discover.com for a $20 Cashback Bonus (“Good Grade Reward”). Starting 9/1/2018, this promotion will be a $20 statement credit to your account and no longer Cashback Bonus. This will be applied to your account within seven (7) business days. One Good Grade Reward per School Year, per account, up to a maximum of five (5) consecutive years from the date your account is opened. Terms of Good Grade Reward Offer are subject to change.
**Amazon is not a sponsor of this promotion. Amazon, the Amazon.com logo and the smile logo are trademarks of Amazon or its affiliates.
***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.