Students know that earning good grades can 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. Learn more about the Good Grades program and the credit cards associated with it below:

  1. How the Discover Good Grades Program Works
  2. The Two Discover Credit Cards That Reward Students

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 benefit, you have to indicate on your Discover credit card application that you’re a student and 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 follow the Good Grades link to 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 applied within one to two billing cycles if your grades meet the criteria.

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 on everyday purchases at different everyday places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.* Plus earn 1% cash back on all other purchases.
  • With the Discover it® Student Chrome 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.*

Plus, with either of these cards you will automatically earn unlimited Cashback MatchTM  your first year as a new cardmember. That means Discover will match all the cashback you’ve earned at the end of your first year.* There’s no minimum spending or maximum rewards. Just dollar-for-dollar match – only from Discover.

Published May 1,2017.

Updated June 11, 2021.

Cashback Match: We’ll match all the cash back rewards you’ve earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. You’ve earned cash back rewards only when they’re processed, which may be after the transaction date. We will not match: rewards that are processed after your match period ends; statement credits; rewards transfers from Discover checking or other deposit accounts; or rewards for accounts that are closed. This promotional offer may not be available in the future and is exclusively for new cardmembers. No purchase minimums.

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 statement credit ("Good Grade Reward"). 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.

PayPal: PayPal, the PayPal logo are trademarks of PayPal or its Affiliates. Listed merchants are in no way sponsoring or affiliated with this program

Amazon is not a sponsor of this promotion. Amazon, the Amazon.com logo and the smile logo are trademarks of Amazon or its affiliates.

Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. The material on this site is not intended to provide legal, investment, or financial advice and does not indicate the availability of any Discover product or service. It does not guarantee that Discover offers or endorses a product or service. For specific advice about your unique circumstances, you may wish to consult a qualified professional.