FRED Credit

Earn rewards your way

Maximize your rewards with our tiered earning structure

Education Essentials

Tuition Payments

Student Loan Payments

Example: A $500 student loan payment earns 500 points (worth $5 in rewards)

Daily Essentials

Dining

Groceries

Premium Rewards

Flights

Hotels

Entertainment

Points never expire and can be redeemed for gift cards, travel, or statement credits

Where can I spend my points?

Redeem your rewards at hundreds of popular brands

Easily book flights and experiences inside the FRED Credit app using your points

And hundreds more retailers, restaurants, and experiences

FRED Credit Rewards

Every payment brings you closer to paying off your loans

Student Loan Payment

$300.00

Points Earned

+300 pts

Welcome Bonus

$1,000 spend

Bonus Points

+10,000 pts

Everyday Purchases

$2,000.00

Points Earned

+3,000 pts

Total Points Value

$133.00

Based on example monthly spending

Terms and conditions apply

Maximize Your Rewards

Student Loan Rewards

1x points on loan payments

Earn points on every student loan payment, no matter which loan servicer you use. Points can be redeemed for statement credits or applied directly to your loan balance.

Everyday Rewards

Up to 2x points on purchases

Earn additional points on everyday spending, with bonus categories for groceries, dining, and travel. Points never expire and can be redeemed flexibly.

Welcome Bonus

Earn 10,000 bonus points after spending $1,000 in the first 3 months

That's $100 in rewards you can use toward your student loans

Terms and conditions apply

Frequently Asked Questions

Everything you need to know about the FRED card

We look at more than just credit scores. As a student-focused card, we consider factors like your academic standing and income potential. However, a score of 650+ typically improves your chances of approval.

No, there are absolutely no annual fees with the FRED card. We believe in keeping more money in students' pockets.

You earn different point multipliers based on purchase categories: 1x points on education expenses and student loan payments, 1.5x points on daily essentials, and 2x points on select premium categories. Points can be redeemed for statement credits, gift cards, or travel at a rate of 1 cent per point.

Yes, your FRED card is accepted worldwide with no foreign transaction fees, making it perfect for study abroad programs or international travel.

You earn 1x points on all student loan payments. For example, a $500 monthly payment would earn you 500 points worth $5 in rewards. Points can be applied directly to your student loan balance or redeemed for other rewards.

Your rewards never expire! After graduation, you'll continue to earn points at the same rates, and all accumulated rewards remain fully accessible.

Yes! New cardmembers can earn 5,000 bonus points (worth $50) after spending $3,000 in the first 3 months.

Your card comes with zero liability protection, real-time fraud monitoring, and instant card freeze capabilities through our mobile app.

Still have questions? Contact our support team