Paying for education has never felt better

With the FRED Credit card, you can earn up to 3x points on everyday purchases, 2x points on groceries and fuel, and 1x points on everything tuition. Enjoy bonus days, exclusive loyalty rewards, and much more all from your FRED App.

Earn rewards for paying your loans

How can I earn rewards?

Where can I spend my points?

Take part in custom day to day offers and earn double points for shopping with your favorite brands on your double day.

Relax knowing your repayment works for you

Never before have student loan borrowers been able to earn incentives for paying off their loans. Fortunately, FRED Credit has cracked the code which means you can not only earn rewards but also gain key insights on repayment timelines, see how extra payments impact your payoff date, and much much more.

Our users can..

  • Track repayment

  • Visualize Payoff dates

  • Estimate payment impact

  • Earn rewards

  • Book flights

  • Spend loyalty points across 40 brands

  • Set card controls

  • Earn referral rewards

  • Take part in exclusive loyalty partner promotions

  • Book rides

  • Buy books for school

  • + more…

How does paying my student loans with my FRED account work?

All K-12, public and private universities, and online courses are qualifying expenses and can be paid using your FRED account. Simply log in to your account, link your FRED routing and account number to your servicer’s portal, and earn rewards!

Tuition / Student Loan

$34,000

3% Transaction Fee

$1,020

We waive all transaction fees when you use your Fred Credit Account to pay your student loans or tuition.

Points Earned

34,000

Start earning rewards

Our users often ask us..

  • FRED Credit recognizes all K-12 public and private schools as well as public and private universities.

    We also offer rewards on continued education credits, books for school, and other school related expenses.

  • Using your FRED App, navigate to the ‘Payments’ tab and select ‘Cut a Check’. Fill out some information required to send a check and FRED Credit will send a check to the institution you selected.

    Don’t want to send a check? Connect the bank account you use to pay for your child’s tuition, meet your spend minimum, and earn rewards just for having the card.

  • FRED Credit offers over 40 exclusive rewards. Simply log into your account, navigate to ‘Rewards’ and select which reward you want to redeem. Want to book a flight? You can do that all from your Reward dashboard as well.

  • No. We do not charge you any fees when paying your tuition or loans. Nor does paying for your education effect your balance owed. At the end of the month, we charge you for the cost of the tuition + the balance you owe.