The Laurel Road Student Loan Cashback Credit Card offers 2% cash back toward your student loans with 95% of U.S. servicers, plus you’ll earn $300 in bonus rewards toward any eligible student loan after you spend $3,000 within the first 90 days, and there is no annual fee.
Plus, through the Laurel Road Credit Card Referral Program, you could earn up to a $400 bonus when you are approved for a new Laurel Road Student Loan Cashback Card, and you could earn up to a $400 bonus for referring other people who are approved for a new Laurel Road Student Loan Cashback Card (The referral bonus is based on a sliding scale of $0-$400 that is split between the referrer and referee, where the referrer chooses the amount.)
If you are paying off a student loan, consider the Laurel Road Student Loan Cashback Card to earn 2% cash back on every purchase when redeemed toward eligible student loans, and to get a $300 bonus toward your eligible student loans when you spend $3,000 within the first 90 days.
The creditor and issuer of the Laurel Road Student Loan Cashback Card is KeyBank N.A., pursuant to a license from Mastercard International Incorporated.
Eligible Student Loan Servicers Include the Following:
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 Lona 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.
Laurel Road Student Loan Cashback Card $300 Bonus
When you apply for a new Laurel Road Student Loan Cashback Card, you’ll earn a $300 bonus that you can use toward any eligible student loan after you spend $3,000 within the first 90 days.
The cash back reward amount will be $300 if it is redeemed toward student loans with an eligible servicer, but otherwise, the cash back reward amount will be $150 if redeemed for a statement credit.
Laurel Road Student Loan Cashback Card 2% Rebates
On every purchase that you make with the Laurel Road Student Loan Cashback Card, you’ll earn 2% cash back when you redeem your earnings toward an eligible student loan.
You can redeem the 2% cash back toward your student loans with 95% of U.S. servicers.
If you don’t want to redeem your cash back earnings toward a student loan, you will receive 1% cash back when you redeem your earnings toward anything else, such as a statement credit.
Laurel Road Student Loan Cashback Card Benefits
The Laurel Road Student Loan Cashback Card has no annual fee, and there are no foreign transaction fees.
In addition, you’ll get a 0% introductory APR for the first 12 months on balance transfers made within the first 60 days.
You’ll also get access to World Mastercard benefits, including Mastercard ID Theft Protection, Extended Warranty, Purchase Assurance, Mastercard Priceless Experiences, and Mastercard Global Service.
Laurel Road Student Loan Cashback Card $400 Referrals
Once you are a member of the Laurel Road Student Loan Cashback Card, you can participate in the Laurel Road Refer-A-Friend Program to get paid up to $400 for every referral who is approved for a credit card with Laurel Road.
In order to participate in the Laurel Road Referral Program, you must have a log-in credential for Laurel Road’s Online Banking, which is created during the application process for a Laurel Road product, or it can be created at any time if you have an existing Laurel Road product.
Laurel Road will provide a bonus of up to $400 for each new qualifying Laurel Road Student Loan Cashback Card, which, at the option of the referrer, may be split between the referrer and the referee.
Any amount to be paid to the referee will be determined by the referrer prior to sharing your referral link with the referee, so you can split the bonus for any amount between $0 and $400.
For example, you (the referrer) can choose to split the bonus $200/$200, or $100/$300, or $400/$0, or any other combination that you like.
You may receive up to 10 referral bonuses per calendar year for all qualifying Laurel Road Student Loan Refinance Referrals, Laurel Road Personal Loan Referrals, or Laurel Road Student Loan Cashback Card Referrals made during the year.
The referred customer must be approved for a Laurel Road Student Loan Cashback Card in order to qualify, and Laurel Road must be made aware of the referral by either the referee or the referrer during the application process (i.e., the referee must apply using the referrer’s unique referral link).
Laurel Road’s Referral Program bonus cannot be combined with any partner monetary bonus, but eligible cardholders can combine the referral bonus with a partner rate discount, the Autopay/EFT discount, and/or Laurel Road’s linked savings discount.
If you have a student loan with an eligible U.S. servicer, consider the Laurel Road Student Loan Cashback Card to earn 2% cash back on every dollar you spend and a $300 promotional bonus toward your loan.
You may also wish to review this Laurel Road $540+ Checking Account Bonus as well for more promotional opportunities from Laurel Road.