DISCOVER IT® STUDENT CASH BACK

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Earn cash back and build credit with the Discover It® Student Cash Back card. Enjoy 5% cash back in rotating categories and a Good Grade Reward. Apply now to kickstart your financial journey!

BEST STUDENT CARD

DISCOVER IT® STUDENT CASH BACK

Rates & Fees

Welcome Bonus

Cashback Match™

Annual Fee

$0

Regular APR

18.24% - 27.24% Variable APR

Credit Score

Fair/New to Credit

Rates & Fees

Welcome Bonus

Cashback Match™

Annual Fee

$0

Regular APR

18.24% - 27.24% Variable APR

Credit Score

Fair/New to Credit

Why We Picked It

Here’s an excellent way for students with average or limited credit scores to gain experience managing credit. No annual fee, no penalty APR, plus up to 5% cashback rewards in rotating categories (up to a quarterly cap with enrollment, 1% back on other purchases) earn this card an “A” in our book.

Card Details

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 each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
No credit score required to apply.
Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
No annual fee and build your credit with responsible use.
0% intro APR on purchases for 6 months, then the standard variable purchase APR of 18.24% – 27.24% applies.
Click through to Discover’s website to see terms and conditions.

The Discover It® Student Cash Back credit card is an excellent choice for college students who are looking to establish or build their credit while earning cash back on their everyday expenses. There are several compelling reasons why we highly recommend this credit card:

Why Do We Recommend the Discover It® Student Cash Back Credit Card?

Generous Cash Back Rewards: The Discover It® Student Cash Back card offers a rotating cash back rewards program, allowing cardholders to earn 5% cash back on categories that change quarterly, such as gas stations, restaurants, and Amazon.com, up to a quarterly maximum, and 1% cash back on all other purchases. This rewards structure is particularly beneficial for students as it aligns with their typical spending patterns.

No Annual Fee: College students often have tight budgets, and the Discover It® Student Cash Back card doesn’t add any additional financial burden with its lack of an annual fee. This makes it accessible to a wide range of students, including those who may be new to credit cards.

Cashback Match: In the first year, Discover matches all the cash back earned by cardholders, effectively doubling their rewards. This is an incredible bonus that can significantly boost a student’s savings.

Good Grades Reward: Students who maintain a GPA of 3.0 or higher can earn a $20 statement credit each year for up to five years. This feature incentivizes academic success and responsible credit card use.

FICO® Credit Score Access: Discover provides access to your FICO® Credit Score for free, helping students monitor their credit and make informed financial decisions.

In conclusion, the Discover It® Student Cash Back credit card is an outstanding choice for college students due to its cash back rewards, no annual fee, cashback match in the first year, and various student-friendly features.

Our Perspective on the Discover It® Student Cash Back Credit Card

We believe that the Discover It® Student Cash Back credit card is one of the best credit card options available for college students. It not only provides students with an opportunity to build their credit history responsibly but also rewards them for their everyday spending.

One of the most impressive aspects of this card is its cash back rewards program, which caters to students’ typical expenses. The 5% cash back categories change quarterly, ensuring that students can maximize their rewards on different aspects of their spending throughout the year. Plus, the Cashback Match feature doubles the rewards earned in the first year, making it an excellent value proposition.

Moreover, the absence of an annual fee makes it an attractive choice for students who want to start building credit without incurring extra costs. The Good Grades Reward also encourages academic achievement, creating a positive synergy between education and responsible financial behavior.

The Discover It® Student Cash Back card provides students with the tools they need to manage their credit wisely, thanks to the free access to their FICO® Credit Score. This transparency empowers them to make informed financial decisions and work towards improving their creditworthiness.

Advantages of the Discover It® Student Cash Back Credit Card

The Discover It® Student Cash Back credit card offers a range of advantages for college students seeking a reliable financial tool:

Cash Back Rewards: One of the standout features of this card is its cash back rewards program. Cardholders can earn 5% cash back on rotating categories, up to quarterly maximums, and 1% cash back on all other purchases. This can lead to substantial savings, especially for students who use their cards frequently.
Cashback Match: In the first year, Discover matches all the cash back earned by cardholders, effectively doubling their rewards. This is an unparalleled perk that can significantly boost a student’s savings during their initial year with the card.
No Annual Fee: With no annual fee, students can maintain the card without incurring extra costs, making it an affordable option for those on tight budgets.
Good Grades Reward: The card encourages academic success by offering a $20 statement credit for students who maintain a GPA of 3.0 or higher for up to five years. This unique benefit promotes responsible credit card use and education.
Free FICO® Credit Score Access: Discover provides free access to the cardholder’s FICO® Credit Score, empowering students to monitor and manage their credit health effectively.

In summary, the Discover It® Student Cash Back credit card offers valuable cash back rewards, no annual fee, cashback match, academic incentives, and credit monitoring tools, making it a top choice for college students.

Disadvantages of the Discover It® Student Cash Back Credit Card

While the Discover It® Student Cash Back credit card offers numerous advantages, it’s important to consider some potential drawbacks:

Credit History Required: Students with no credit history may find it challenging to qualify for this card. A limited credit history or a low credit score could result in rejection.
Rotating Categories: While the 5% cash back categories are enticing, they change quarterly. This means that students need to keep track of the rotating categories to maximize their rewards, which may not be suitable for those who prefer a consistent rewards structure.
Foreign Transaction Fee: For students who travel abroad, it’s worth noting that this card charges a foreign transaction fee, which can add extra costs to international purchases.

In conclusion, the Discover It® Student Cash Back credit card is an excellent choice for many students, but it’s essential to be aware of these potential disadvantages before applying.

How is Credit Approval Done on the Discover It® Student Cash Back Credit Card?

Credit approval for the Discover It® Student Cash Back credit card is based on several factors. Discover evaluates the applicant’s creditworthiness to determine eligibility. Here’s an overview of how the credit approval process works:

Credit History: Discover typically looks at the applicant’s credit history. While this card is designed for students, having some credit history can improve your chances of approval. If you have a limited credit history or no credit history, you may still be eligible, but approval might be more challenging.
Income Verification: Discover may ask for proof of income or financial support to ensure that you have the means to pay off your credit card balance. For students, this could include income from part-time jobs, scholarships, or financial assistance from parents.
Credit Score: While a high credit score is not necessarily required for this card, a better credit score can improve your chances of approval. Discover may check your FICO® Credit Score as part of the application process.
Academic Standing: The Good Grades Reward feature is linked to academic performance. While not a strict approval factor, maintaining a good GPA can be a positive indicator during the application process.

Overall, the Discover It® Student Cash Back credit card is accessible to many students, but having a reasonable credit history, income, and being in good academic standing can increase your likelihood of approval. Discover’s approach to credit evaluation aims to provide students with a responsible and rewarding credit card option.

Is There a Pre-Approved Credit Limit?

When it comes to the Discover It® Student Cash Back credit card, there isn’t a specific pre-approved credit limit mentioned upfront. The credit limit that an applicant receives can vary based on multiple factors, including their credit history, income, and financial profile.

Discover assesses each applicant individually, taking into account their creditworthiness. Some students may receive higher credit limits, while others might start with lower ones, depending on their financial situation and credit history.

To find out the exact credit limit you qualify for, it’s recommended to complete the application process. Discover will evaluate your application and provide you with a credit limit based on their assessment of your financial credentials.

DISCOVER IT® STUDENT CASH BACK

BEST STUDENT CARD