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- INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
- Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
It often appears to be hard for students to find an advantageous credit card offer. But things are not that bad since the Discover it® Student Cash Back credit card has come out. The card comes with 6 months of 0% Intro APR on purchases (after that the ongoing APR will be 18.24% - 27.24% Variable APR), no annual fee, and rewards program. Discover indeed offers the most lucrative offers to college students.
The Discover it® Student Cash Back credit card won't cost you anything because it has no annual fee. If you accidentally go over the limit or pay late, you won't be slapped with a penalty fee (but only for the first time you are late) or penalty APR either. This is especially good because this credit card offers 6 months of 0% Intro APR on purchases (after that the ongoing APR will be 18.24% - 27.24% Variable APR). Discover will also forgive you for being late with your first credit card payment, but if you continue being late, be sure you will be charged a penalty fee.
The Discover it® Student Cash Back has a pretty simple rewards program: you will earn 1% cash back every time you use your card. Want more? Then enroll in 5% cash back rotating categories each time a category changes to save in those rotating categories (up to the quarterly maximum each time you activate). Still not enough cash back? Then refer a friend and if your friend applies for a Discover card via your link and is approved, you can receive a statement credit referral reward. Referral reward statement credit amounts range from $50 to $100 (up to the annual maximum).
Now you've earned enough cash back and want to redeem it. The easiest and fastest way is to redeem at Amazon.com, iTunes®, Facebook and more. You will be able to pay for your purchases with cash back at checkout. If you want cold cash, you can have your cash back deposited to the bank account of your choice. One more way is to use your cash back to credit your Discover card account. And of course, you can redeem your cash back towards Discover gift cards or partner gift cards.
Discover is one of those credit card issuers who are loyal to their consumers. To support their consumers, Discover offers the whole bunch of benefits. The most welcomed amid them for students will be a free FICO Score on statements. This allows you to view your FICO credit score based on data from TransUnion®. When you are a student and just starting your credit history, it is important to monitor your credit score. That will help you understand how these or those credit decisions affect your credit score. This knowledge will help you make right financial decisions and avoid potential mistakes in the future.
What is a good student credit card? Is it a card without an annual fee, a card with low APR or a card with rewards program? Discover says the best student credit card is the one which combines all these features and even more. To prove that, they offer the Discover it® Student Cash Back credit card where all above features neatly combined with such benefits like no APR increase for paying late, free FICO credit score and $0 fraud liability. Discover knows how to treat students and does it generously.