Discover Student Credit Card -

Comprehensive Review

Discover it® Student Cash Back: Student Credit Card

As Student Credit Card Discover it® offers a range of credit cards providing access to essential financial tools while helping them build credit responsibly. In our comprehensive review of Discover it’s student credit card offerings, we delve into the features, benefits, and suitability of these cards for students’ diverse needs.

From evaluating welcome bonuses to assessing rewards programs and fee structures, we provide insights to help students make informed decisions about which student credit card aligns best with their financial goals and lifestyle preferences.

Up to 5% cashback on rotating quarterly categories, 1% on all other purchases.

Unlimited Cashback Match™ for the first year.

No annual fee, free FICO® Score access, and contactless card technology.

Discover it® Student Student Credit Card

Overview: The Discover it® Student Cash Back card offers a distinctive blend of robust cash-back rates on rotating categories and a generous welcome bonus, setting it apart from other student cards.

Check Free Credit Score

For students with average or limited credit scores, this card offers a valuable opportunity to build credit experience. With no annual fee, no penalty APR, and the potential to earn up to 5% cash back rewards in rotating categories (up to a quarterly cap with enrollment, 1% back on other purchases), it earns top marks in our assessment.

Pros & Cons:

Pros:

Earn 5% cash back on rotating bonus categories after enrollment
First-year cash-back match
Offers a competitive 5% bonus cashback rate (up to $1,500 per quarter in spending)

Cons:

Bonus categories must be activated quarterly
Low 1% base reward rate.

INTRO OFFER: Unlimited Cashback Match

Discover offers an exclusive perk for new cardmembers with Unlimited Cashback Match. At the end of your first year, Discover automatically matches all the cash back you’ve earned, without any minimum spending or maximum rewards. This means you could double your cash back earnings effortlessly.

New cardholders get Unlimited Cashback Match from Discover. They’ll match all your cash back earned in the first year, dollar for dollar, with no minimum or maximum rewards.

This means $50 cash back turns into $100, and $100 cash back turns into $200. You’ll earn 5% cash back on rotating categories each quarter, such as grocery stores, restaurants, and gas stations, up to a quarterly limit when activated.

Earn Cash Back Rewards

Enjoy 5% cash back on everyday purchases at various places you shop each quarter, including grocery stores, restaurants, gas stations, and more. This reward is up to the quarterly maximum when activated.

Additionally, automatically earn unlimited 1% cash back on all other purchases.

Flexible Redemption Options

Redeem your rewards for cash at any time, providing flexibility and convenience.

Enhanced Security Features

Discover assists in reducing your exposure to personal information online by aiding in the removal of select people-search sites that could potentially sell your data. This service is complimentary and can be activated through the mobile app.

Additional Benefits for Student Credit Card

No credit score required to apply, making it accessible for a wide range of individuals.

Build your credit with responsible use, while enjoying the convenience of no annual fee.

Benefit from a 0% introductory APR on purchases for the first 6 months, followed by a standard variable purchase APR of 18.24% – 27.24%.

Terms and Conditions Apply Please refer to the terms and conditions for detailed information.

Why You Choose Discover it® Student Cash Back card ?

Best For: Ideal for students seeking to earn competitive cash-back rewards and comfortable with activating rewards each quarter. Not recommended for frequent international travelers due to Discover’s limited acceptance outside the U.S.

Rewards:

Earn 5% cash back on everyday purchases at various places each quarter (e.g., grocery stores, restaurants, gas stations) up to the quarterly maximum upon activation.

Automatically receive unlimited 1% cash back on all other purchases.

Welcome Offer:

Enjoy Unlimited Cashback Match™ – Discover matches all the cash back earned at the end of your first year, with no minimum spending or maximum rewards.

Annual Fee:

$0 annual fee, making it budget-friendly for students.

Other Benefits and Drawbacks:

While Discover may not be as universally accepted as other card networks, there are no foreign transaction fees, offering savings when used abroad.

Keep in mind the limited acceptance abroad and consider having a backup card if planning international travel or studying abroad.

Quarterly bonus categories may not align with individual spending habits, potentially limiting earning potential each quarter.

In summary, the Discover it® Student Cash Back card stands out for its attractive rewards structure and welcome offer, making it a compelling choice for students looking to maximize cash back on their spending. However, its limited international acceptance and rotating bonus categories should be considered before applying.

Methodology:

To determine the best student credit cards, we undertook a comprehensive assessment, evaluating numerous factors such as:

Welcome Bonuses: We analyzed the introductory offers provided by each card, considering the value and accessibility of these bonuses for new cardholders.
Fees: We scrutinized the fee structures associated with each card, including annual fees, late payment fees, and foreign transaction fees, to assess their impact on cardholders’ overall costs.
Rewards: We examined the rewards programs offered by each card, assessing the earning rates, redemption options, and any limitations or restrictions on reward accrual and redemption.
Other Perks: We considered additional benefits and features provided by the cards, such as complimentary insurance coverage, access to exclusive events, and personalized customer service.
0% Introductory APR: We evaluated whether the cards offered introductory APR periods on purchases and balance transfers, assessing the duration of these periods and any associated terms and conditions.

Our methodology involved comparing and ranking the student credit cards based on their performance across these key criteria, ensuring that our recommendations align with the needs and preferences of student cardholders.