Discover and student cash back are two very popular cash-back credit cards. Both have their own unique benefits and perks. So, what’s the difference between them? Let’s take a look. With Discover cash back, you earn 1% cash back on all purchases, and 5% cash back on select categories that rotate every quarter. There is no limit to the amount of cash back you can earn, and your rewards never expire. You can also redeem your cash back for any amount, anytime. With student cash back, you earn 2% cash back on all purchases (1% more than Discover cash back). You also have the option to choose your own card design, which is a nice touch. However, there is a limit of $5,000 in total cash back earnings per year (compared to no limit with Discover). Additionally, your rewards expire after just 12 months if they are not redeemed. So, which one is better? It really depends on your spending habits and needs. If you are a student who spends a lot of money on everyday purchases, then student cashback may be the better option for you. However, if you are not a student or if you don't
What is the difference between Discover cash back and student cashback?
When it comes to cash-back credit cards, Discover offers two different options for cardholders – Discover cash back and student cash back. So, what’s the difference between the two?
With Discover cash back, cardholders earn 1% cash back on all purchases made with the card. There is no limit to the amount of cashback that can be earned, and discover will automatically apply any cash back earned to the cardholder’s next statement.
Student cashback from Discover works a bit differently. Cardholders will earn 5% cash back on up to $1,500 in purchases made in select categories each quarter (on up to $3,000 in total quarterly spending), and 1% cash back on all other purchases. Categories rotate each quarter, and include things like gas stations, grocery stores, restaurants, and more. There is also no limit to the amount of student cashback that can be earned.
What is cashback?
Most people are familiar with the concept of cash-back rewards – you make a purchase and earn a percentage of that purchase back in the form of cash. What’s less well known is that there are different types of cashback, including Discover cash back and student cash back. Here’s a closer look at the difference between these two types of reward programs.
With Discover cash back, you earn a set percentage of cash back on every purchase you make. There is no limit to the amount of cash back you can earn, and your rewards never expire. You can redeem your cash back for any amount, anytime.
Student cashback works a bit differently. Instead of earning a set percentage of cash back on all purchases, you earn more cash back on specific categories that rotate every three months. For example, you might earn 5% cash back on gas and groceries one quarter, and then 3%cash back on travel and dining the next quarter. Student cash backs also typically have spending caps – for example, you might only be able to earn $100 in cashback per quarter. And finally, student cashback rewards typically expire after 12 months if they’re not used.
So which type of reward program is better? It depends on your spending habits and goals. If you want to maximize your rewards without having to think about it too much, Discover’s flat-rate program might be a good fit for you. On the other hand,
What is Discover cashback?
Discover cashback is a feature that allows cardholders to earn cash back on their purchases. Discover offers a variety of cash-back programs, including rotating categories and a flat-rate program. Cardholders can earn up to 5% cash back on their purchases, making it a great way to save money on everyday expenses.
What are the benefits of cashback?
There are a few key benefits to cash back that make it a great choice for many consumers. First, cash back rewards you for spending money. Unlike some other rewards programs that only offer points or miles, cash back gives you actual cash that you can use however you want. This makes it a great way to save up for a big purchase, or simply to get some extra spending money.
Another benefit of cashback is that it is usually very easy to earn. Most credit cards offer at least 1% cash back on all purchases, and some even offer higher rates on specific categories like gas or groceries. This means that you can start earning cashback with just your normal spending, without having to change your habits or go out of your way.
Finally, cashback is a great way to offset the cost of interest on your credit card balance. If you pay your balance in full every month, any cash back you earn effectively reduces the amount of interest you’re paying on your debt. This can save you a significant amount of money over time, making cash back an even more valuable reward.
What is student cashback?
When it comes to cash-back rewards, there are a few different types of programs that credit card companies offer. One type of cash-back program is designed for students, which typically offers more rewards for specific categories like books and restaurants.
For example, the Discover it® Student Cash Back credit card gives 5% cash back on up to $1,500 in combined purchases in quarters 1-3 (enrollment required), on gas and at restaurants from October through December 2019, and 1% cash back on all other purchases. There’s also no annual fee and your cash back never expires. So, if you’re a student who wants to earn some extra cashback on your everyday spending, this could be a great option for you.
How to use Discover cashback and student cashback?
If you're a student or Discover cardholder, you may be wondering what the difference is between Discover cash back and student cash back. Here's a breakdown of how each works.
With Discover cash back, cardholders earn a certain percentage back on every purchase they make. The amount of cash back earned varies depending on the category of purchase, with some categories earning more cashback than others. There is no minimum amount required to redeem your cash back, and it can be used for anything - including paying down your Discover card balance or funding a future purchase.
With student cash back, cardholders can earn up to 5% cash back on purchases made at select merchants. Merchants include things like bookstores, restaurants, and gas stations. Like Discover cash back, there is no minimum amount required to redeem your student cash back rewards. And like Discover cash back, student cashback can be used for anything - including paying down your Discover card balance or funding a future purchase.
What are the benefits of Discover cashback and student cashback?
There are several key benefits of using Discover cashback and student cashback:
1. You can earn a higher percentage of cash back on select categories including gas, groceries, and restaurants.
2. There is no limit to the amount of cash back you can earn, so you can keep earning as you spend.
3. You can use your cash-back rewards to offset the cost of future purchases or withdraw them as cash.
4. Discover offers a few different ways to redeem your rewards, so you can choose the option that best suits your needs.
5. Student cash back also offers a 0% APR for 6 months on all purchases made within the first year - which can help you save on interest and keep more money in your pocket.
Conclusion
There are a few key differences between Discover cash back and student cash back. For one, student cash back is only available to students who have a valid .edu email address. Secondly, student cashback offers a higher percentage of cash back on certain categories, like restaurants and gas. Finally, there is no minimum spending requirement for student cash back, whereas Discover cash back requires you to spend at least $1,000 in order to receive the full amount of cashback.
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