Discover all the benefits of our cashback card.
0% Intro APR
No interest for the first 12 months on balance transfers made in the first 60 days.*
No Annual Fee†
Take advantage of our $0 annual fee. Plus, no foreign transaction fees.
Flexible Cashback
2% cashback towards eligible student loans, 1% cashback towards anything else.1
Extended Eligibility
The first card that lets you redeem cashback with 95% of student loan servicers.1
*When you transfer your balance within the first 60 days of account opening. After that, the variable APR on balance transfers will be 18.49% to 27.49%, based on creditworthiness. Avoid being charged interest on purchases when you pay your entire balance (including balance transfer) by the due date each month.2
Student Loan Cash Back Calculator
How much could you save on student loans?
This calculator is for illustrative purposes only. The estimated savings are based on values you input and the following assumptions: your currently monthly payment on your loan stays the same over the life of your loan; you make all required monthly payments on your loan; and the monthly cashback reward payment is applied as an extra payment directly to your loan principal.
If you pay less than the full credit card balance each month, you should consider interest charged against any potential savings towards your student loans.
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You can apply for a Laurel Road Student Loan Cashback credit card online. To start your application, click here.
You can use your cashback rewards to pay down student loans being serviced by most of the major student loan servicing companies, see the full list of eligible servicing companies below.
Eligible loan servicers include:
- Laurel Road – MOHELA Loan Servicing
- Alaska Commission (ACPE)
- American Education Services
- Aspire Servicing Center
- Bank of North Dakota
- College Ave Student Loans
- College Foundation Inc.
- CommonBond
- CornerStone U.S. Department of Education
- CornerStone Education Loan Services
- Discover Student Loans
- Earnest Operations LLC
- EdFinancial Services U.S. Department of Education
- EdFinancial Services
- FedLoan Servicing Department of Education
- First Mark Services
- Great Lakes U.S. Department of Education
- Granite State Management & Resources
- Granite State Management & Resources – U.S. Department of Education
- Heartland – ECSI
- Kentucky Higher Education Student Loan Corporation
- Launch Servicing
- Lendkey Technologies Loan
- MOHELA-SoFi
- MOHELA – U.S. Department of Education
- Mohela Education Loan Servicing
- National Student Loan Services
- Navient Commercial Loans
- Navient – U.S. Department of Education Loan Servicing
- Navient Private Loans
- NaviReFi
- North Carolina State Education Assistance Authority
- Nelnet ” J “
- Nelnet ” D “
- Nelnet E Department of Education
- NJHESAA or NJ Class
- North Texas HEA
- Oklahoma Student Loan
- Oklahoma Student Loan U.S. Department of Education
- PenFed Credit Union
- ReliaMax Ln. Services LLC
- Rhode Island Student Loan Authority
- RSLFC Payment Center
- Sallie Mae
- SEAA Repayment Services
- Tuition Options
- UAS
- UHEAA
- VSAC Payments
- Wells Fargo Education Loan
New cardmembers will receive an introductory cashback reward after spending $3,000 within the first 90 days of account opening. The cashback reward amount will be $300 if redeemed towards student loans with an eligible servicer. The cashback reward amount will be $150 if redeemed for a statement credit.
For a list of eligible servicers, click here. Cashback is awarded based on eligible credit card purchases excluding transactions such as cash advances of any type, balance transfers, convenience check transactions, overdraft protection transfers and quasi-cash transactions.
If you have questions about the Laurel Road Student Loan Cashback® card, you can call (833) 427-2265, or email [email protected] for assistance. Specialists are available by phone, chat, and email from 8:00 AM – 8:00 PM ET, Monday – Friday.
For TTY/TRS (for the hearing impaired), dial 711.
†Laurel Road Rate and Fee Disclosure
| Interest Rates and Interest Charges | ||
|---|---|---|
| Annual Percentage Rate (APR) for Purchases | Your APR will be 18.49% to 27.49% based on your creditworthiness. This APR will vary with the market based on the Prime Rate. | |
| APR for Cash Advances | 28.49% This APR will vary with the market based on the Prime Rate. | |
| APR for Balance Transfers | 0.00% Introductory APR for the first 12 monthly billing cycles following account opening when balance is transferred within the first 60 days following account opening. After that, your APR will be 18.49% to 27.49%. This APR will vary with the market based on the Prime Rate. | |
| Paying Interest | Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date of each month. We will begin charging interest on cash advances, convenience check advances and balance transfers on the transaction date. | |
| Minimum Interest Charge | If you are charged interest, the charge will be no less than $0.50 | |
| For Credit Card Tips from the Consumer Financial Protection Bureau | To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau https://www.consumerfinance.gov/learnmore | |
| Fees | ||
| Annual Fee | None | |
| Transaction Fees: | ||
| Balance Transfer Fee | Either $10.00 or 3% of the amount of each transaction, whichever is greater. | |
| Cash Advance Fee | Either $10.00 or 4% of the amount of each transaction, whichever is greater. | |
| Convenience Check Advance Fee | Either $10.00 or 3% of the amount of each transaction, whichever is greater. | |
| Overdraft Protection Transfer Fee | $0.00 | |
| Foreign Transaction Fee | 0% of the amount of each foreign transaction after its conversion into U.S. Dollars. Refer to Terms & Conditions. | |
| Rush Order Fee – Card Replacement | $25 if expedited delivery is requested | |
| Penalty Fees: | ||
| Late Payment | Up to $39.00 | |
How We Calculate Your Balance: We use a method called the average daily balance method (including new purchases). See your Cardmember Agreement for details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Cardmember Agreement.
Loss of Introductory APR: If you make a late payment, we may end offering you a lower introductory APR and begin charging you the higher APR (for Balance Transfers) that is specified in the table above and scheduled to take effect after the introductory APR is no longer effective.
Your APRs are variable rates that will be calculated by adding a “spread” or “margin” to an index. The index is the Prime Rate as published in the “Money Rates’ section of The Wall Street Journal. At the end of your billing period, we look at the Prime Rate as published on the last business day of the previous calendar month to determine your index. An increase or decrease in the index will cause a corresponding increase or decrease in your variable rates effective as of the first day of your billing cycle that begins in the same month in which such change in the index is published. If the APR increases you will pay a higher interest Charge and may have a higher Minimum Payment. If The Wall Street Journal ceases to publish the Prime Rate, or if it changes the definition of the U.S. Prime Rate, we may in our sole discretion, substitute another index.
Once any introductory APR period has expired, to determine the APR for Purchases, we add 10.74% – 19.74% to the Prime Rate, to determine the APR for Balance Transfers, we add 10.74% – 19.74% to the Prime Rate and to determine the APR for Cash Advances, we add 20.74% to the Prime Rate. All rates are determined based on creditworthiness.
Rates, fees and other information contained within this disclosure are accurate as of 11/08/24 and were in effect within 30 days of this form being provided, but are subject to change after that date. You should contact Laurel Road for any changes in this information since it was printed at 1-833-427-2265 (1-833-HCP- BANK) or Dial 711 for TTY/TRS.