Terms and Conditions

Sign-up Bonus Terms

The Fred Credit Rewards program sign-up bonus is subject to the following conditions:

  • Sign-up bonuses will only be awarded after completion of your first billing period as an active cardholder
  • You must apply and be approved for the Fred Credit Rewards program to be eligible
  • Bonus points are contingent upon successful program launch and secured funding
  • Fred Credit reserves the right to modify or cancel the bonus program at any time

Program Launch Conditions

Fred Credit's obligations regarding rewards and offers are subject to:

  • Successful launch of the Fred Credit card program
  • Securing appropriate funding to support the rewards program
  • Regulatory compliance and approval
  • Maintaining operational capability to deliver promised services

General Terms

  • All services are subject to applicable laws and regulations
  • We reserve the right to modify these terms at any time with appropriate notice
  • Account approval is subject to credit qualification and identity verification
  • Fred Credit maintains strict security protocols to protect user data
  • Users must be 18 years or older to apply for our services

Privacy & Security

We are committed to protecting your personal and financial information:

  • All data is encrypted using industry-standard protocols
  • We never share your personal information with unauthorized third parties
  • Regular security audits are conducted to ensure data protection
  • Users will be promptly notified of any security incidents affecting their data

Disclaimers

  • Services are provided "as is" without any guarantees
  • We are not responsible for third-party services or content
  • Past performance does not guarantee future results
  • Financial advice provided is for informational purposes only

Last updated: 4/28/2025

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