Discover it® Student Cash Back
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INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time 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 a 0% (6 months) introductory APR on purchases (after that the ongoing APR will be 15.24% - 24.24% Variable), no annual fee, and rewards program. Discover indeed offers the most lucrative offers to college students.
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Card's value
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 by a penalty fee or penalty APR either. This is especially good because this credit card offers 6 months of 0% introductory APR on purchases (after that the ongoing APR will be 15.24% - 24.24% Variable). 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.
| Credit level recommended: | Fair Credit |
| Intro APR on Purch: | 0% (6 months) |
| Ongoing APR: | 15.24% - 24.24% Variable |
| Annual Fee: | $0 |
| Foreign Transaction Fee: | None |
Generous rewards
The Discover it® Student Cash Back
has pretty simple rewards program: you will earn 1% cash back every time you use your card. Want more? Then you will literally have to do some homework because Discover will reward you for good grades - $20 statement credit each school year your GPA is 3.0 or higher for up to next five years. Still not enough cash back? 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).
Enjoy rewards
Now you’ve earned enough cash back and want to redeem it. The easiest and the 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 benefits
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 Discover Credit Scorecard. This service allows you to view your FICO credit score, recent credit inquiries, late payments, and other records you could find on your Experian credit report. 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.
Considerations
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.
