Discover Student Open Road Card Review

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Bottom Line:	Good cash back rates, but low caps on earnings from gas purchases
Full Review:	The Discover Student Open Road Card is designed specifically for college students who drive to and from school. Cardholders earn 5% cash back on the first $100 spent on gas and auto maintenance each month, and between .25% and 1% on all other purchases. Cardholders earn .25% cash back until they have spent $1,500 in annual purchases, then .5% cash back until they have spent $3,000 in annual purchases, and 1% cash back thereafter. After the $100 monthly limit has been reached, gas and auto maintenance purchases will continue to earn cash back at the same rate as other purchases. Cardholders can also earn 5% to 20% cash back through Discover's exclusive online shopping website. These cash rewards are redeemable in increments of $20, and can be issued in the form of direct deposits, checks or gift cards. The interest rate for purchases is 14.99%, and there is no annual fee. Balance transfers are not permitted with the Discover Student Open Road Card. Technically, the Discover Student Open Road Card does offer cardholders unlimited cash rebates. But the structure of this cash rewards program will not be especially rewarding to cardholders who spend significantly more than $100 on gas and auto maintenance each month, or who will not easily reach the $3,000 threshold necessary to begin earning a full 1% cash back. This rewards program is also unique in that it requires cardholders to reach this threshold each year, making it quite difficult to see substantial cash back rebates. There is also no introductory interest rate, which makes the Discover Student Open Road Card less appealing than many other student credit cards. Go to Site \| View Full Comparison Chart