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.