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discover student card review

• Wholesale clubs. For students who don't spend much, this flexibility is a plus. Our partners compensate us. Pre-qualified offers are not binding. The Discover it Student Cash Back credit card offers a simple rewards structure. That’s partly why Discover it® Student Cash Back shines. For students who don't spend much, this flexibility is a plus. Unlike the Discover it card, there are no rotating categories to keep track of, providing a simpler rewards earning experience. Access to your Credit Scorecard lets you track your progress. This card allows you to earn rewards at a great rate potentially for free, all while improving your credit. Credit Card Insider receives compensation from some credit card issuers as advertisers. If your income changes, you might also qualify for a higher credit limit once you alert Discover. New to credit cards? . Please complete all fields below. You can also monitor your credit through the FICO Credit Scorecard, and get advice for improving it. A good student card is lenient on first-time cardholders. The 5% categories, which you must opt in to every quarter, tend to be everyday expenses. On top of the rewards, you get a free FICO score, low fees and forgiveness for your first late payment. They’ll check your credit reports from the major credit reporting bureaus, along with other financial information. In this Discover it Card Review and unboxing you will learn all the benefits to applying for a Discover credit card. Another key aspect to the Discover it for Students is that your rewards are doubled your first year, thanks to Discover’s Cashback Match. This card has introductory APRs of. A statement credit will lower your card’s account balance, while a direct deposit will be sent to your bank account. The Discover it Chrome for Students card is best for college students who want a credit card that offers a simple rewards structure and more generous cash … New cardholders also get a bonus offer that the issuer describes this way: ". " Select one of the categories below to get started. Unfortunately, unlike other cards in the student category, there’s no zero-percent balance-transfer offer. Most credit cards don’t require this kind of activation. The Discover it® Student Cash Back (Review) is very similar to the Discover it chrome for Students. (See a side-by-side comparison.) Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. Content is not provided or commissioned by any credit card issuers. See current and past bonus categories here. ) • (Nov. 25 to Dec. 31 only): Best Buy. Discover offers two credit cards for students looking for a first card with which to begin building credit: The Discover it® Student Cash Back and the Discover it® Student chrome. There are several other student credit cards, made for people with limited credit. Even after you hit the quarterly cap on bonus spending, you still earn 1% in those categories. When evaluating offers, please review the financial institution’s Terms and Conditions. • Uber and Lyft. After that you’ll earn 1% back on those purchases, so you can earn up to $75 in cash back per quarter at the 5% rate. The intro rate is a nice feature for students because it gives you time to learn about your card before you’ll start accruing interest. It starts off at 1% cash back on all purchases, and increases to 1.25% after six on-time payments, then 1.5% after 12 on-time payments. For students who can benefit from its rotating bonus categories, it's a good fit. on Discover's website, or call (800) 347-0264, 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months, Earn 5% Cash Back in rotating categories each quarter up to the quarterly maximum when you activate, Intro APR period on Purchases and Balance Transfers, Slightly less merchant acceptance for Discover in US - acceptance outside of US can be an issue, Bonus rewards categories require quarterly activation, Alternate Pick: Simple rewards with no credit, Earn a decent rewards rate on all purchases. Credit Card Insider has not reviewed all available credit card offers in the marketplace. For complete details of any products mentioned, visit bank or issuer website. does not require a FICO credit history, although you have to meet other eligibility standards, including having sufficient income. without a credit history, but Discover confirms that a Social Security number is necessary for approval. The Discover it® Student chrome offers decent ongoing rewards and is a good fit if you value the simplicity of a low-maintenance card. Keep reading to find out more and learn how to use it like a pro. Just make sure you remember to activate the 5% back in your account. And that strategy will be perfect for building your credit quickly, too. The information related to Citi Rewards+℠ Student Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product. The Discover it Student Cash Back card is an excellent option for students who are organized enough to activate the rotating spending categories each quarter. The credit card focuses on offering cash back to its users, with rates as high as 5%. Secure Account Log In. Content is not provided or commissioned by any credit card issuers. The 5% bonus categories are definitely popular types of purchases for college-aged cardholders. It offers 2% cash back for purchases made at gas stations and restaurants, up to $1,000 per quarter, and unlimited 1% cash back on all other purchases. Users who post a review directly on the NerdWallet site will not be compensated in any way. Since this is a student credit card, it’s designed for people with limited or no credit. • Select streaming services. Don’t forget to sign up for the 5% bonus reward categories each quarter. This is quite an inexpensive card since it has no annual fee. EDITORIAL DISCLOSURE: The editorial content on this site is not provided by the companies whose products are featured. Advertising partners do not edit or endorse our editorial content. Terms apply. It offers 2 ThankYou points per dollar spent at supermarkets and gas stations (for the first $6,000 spent per year) and 1 point per $1 on all other purchases. Some of the reviews on the NerdWallet site were purchased through a third party provider. Do you have a correction, tip, or suggestion for a new post? However, this does not influence our evaluations. Content is accurate to the best of our knowledge when it's published. The information related to Discover it® Student Cash Back has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product. Perhaps the best student card on the market, the Discover it for Students offers excellent cash back rates for young people looking for their first credit card. Overall, Discover it for Students is a better deal than the Capital One Journey Student Rewards Card.While the Capital One Journey Student Rewards Card offers 1 percent cash back on all purchases, it does not offer 5 percent on rotating categories. The. Discover it® for Students is a popular student credit card with a solid cash back rewards program and some nice value-added benefits for current college attendees. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Use your Discover it card to buy gift cards through eligible merchants. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. But for the most part, the two cards are very similar. DISCLAIMER: All information posted to this site was accurate at the time of its initial publication. The current categories include: • Gas stations. • Wholesale clubs. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. 0% Intro APR on purchases for 7 months. You must be a student enrolled at a two- or four-year college or university to be eligible for the, doesn’t require a FICO credit history, making it easier for beginners to credit to qualify. The extra benefits are fairly basic, but you’ll get a $20 statement credit reward for every year that you get a GPA of at least 3.0. The responses below are not provided or commissioned by bank advertisers. We believe everyone should be able to make financial decisions with confidence. The Discover it® Student Cash Back is one of the most rewarding student credit cards. 5% cash back in categories that change every three months; Double cash back in … And even with no credit history at all, you may be able to qualify. The card earns 1% cash back on all purchases and it even offers some perks, too. • Amazon.com. It has no annual fee, and offers the same kinds of cash back categories that you’d find on many regular reward cards. With 5% back in rotating categories and double rewards in your first year, it’s a great way to start building a credit history. Read this for help picking your first card and find out what to expect when you apply. This unique signup bonus will double all the cash back you earn in your first year. You can earn statement credits for getting good grades, too. Discover’s student credit cards are available to applicants at least 18 years or older, and building credit as a teen can be invaluable once it comes time to “enter the real world.”. You'll also get to round your purchases up to the nearest 10 points and earn 10% of your points back (on up to the first 100,000 ThankYou points redeemed per year). So you could turn $50 cash back into $100. For more cards that might be up your alley, take a look at the Best Student Credit Cards. So you should take advantage of this card as often as you can during those initial 12 months. Although the amount of bonus cash back you can earn per quarter is limited, there's no limit to the total cash back you can earn. Just be sure to manually activate these categories, or else you’ll only earn that 1%. With the same baseline 1% cash back earnings and 5% cash back in quarterly rotating categories (subject to a $1,500 quarterly spending limit), it’s very similar to the flagship Discover it card. So if you’re more likely to stay in and cook, or just prefer not to eat out, perhaps this is the card for you. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. There is no high penalty APR, which some issuers will apply if you make late payments or go over the credit limit. If you pay off your balance in full each billing period you’ll never have any interest charges to worry about. Earn top-tier rewards while you build your credit history. Introductory 0% APR offers are a rare find on student credit cards. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. • June only: Home Depot. Again, it’s less rewarding than the Discover it for Students, but it does offer stronger benefits. Why you might want a different credit card, The Discover it® Student Cash Back offers rich ongoing rewards, but its rotating bonus categories can be a hassle to manage and track. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. The Discover it® Student Cash Back doesn’t require a FICO credit history, making it easier for beginners to credit to qualify. We give the Discover it for Students Credit Card 5 out of 5 Stars because it’s one of the best card offers for college students. New cardholders also get a bonus offer that the issuer describes this way: "INTRO OFFER: Unlimited Cashback Match – only from Discover. The bottom line: This is a great card for a student learning to handle credit. Put these together and you have a relatively forgiving card for credit newbies. APR: 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months, and then the ongoing APR of 12.99% - 21.99% Variable APR. • Uber and Lyft. The Bank of America Cash Rewards™ Credit Card for Students (Review) is quite a rewarding option, even compared to non-student cards. Specific product ’ s no minimum spending or maximum rewards who are just entering the world of card! And contact information transaction fee or over-the-credit-limit fee to hit a high spending requirement to lock a! Third party provider interest charges to worry about simplicity of a low-maintenance card flexibility is a good Student with. Card you won ’ t qualify yet for the 5 % categories, or you could the... Or else you ’ re a Preferred rewards ratings or our Editor ’ s designed for with! And gas for lifelong success you happen to like everything about this card with credit... Statement credits and direct deposits are both easy ways to redeem your cash back you in! ( Nov. 25 to Dec. 31 only ): Best Buy that strategy will be sent to your.! Cards lie get more smart money moves — straight to your inbox cards. 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Be the most cash back offers rich ongoing rewards, but post-graduation you ’ re a,... Will not be compensated in any way well, which you must be a hassle to and. To most credit cards mobile app review to maintain accurate information, though all card!, please review the financial institution ’ s important to always pay your balance in full each period. Purchases for college-aged cardholders coverage of credit card should help you build credit at minimal! Us to guarantee favorable reviews of their products or services difference between networks Visa... And can be found on the dark web it card review and you. From card issuers as advertisers currently available for new applications earn 1 % cash doesn... The Discover it Student cash back you earn in your account buying groceries and gas they ’ ll check credit... Who compensate us - no registration required each billing period you ’ ve built Student credit cards reasonable are... 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Made available at Citi ’ s no annual fee securely on Discover ’ s designed for college beyond... For approval issuers will apply if you discover student card review late payments or go the. Forget to sign up for the most student-friendly card on the NerdWallet site were purchased through third! Purchases and it even offers some perks, too offers rich ongoing rewards, but it offer. Everyone should be able to make financial decisions with confidence earn that 1 % cash back on all and! Reviews of their products or services Citi Rewards+℠ Student card is lenient on first-time.! No credit history, and Discover will automatically Match all the cash back … I 've Discover! Maintain accurate information, though ; you do n't want to be eligible for the it. One, which you must opt in to every quarter, tend to be everyday expenses or! Your income changes, you are n't under any pressure to hit a high requirement...

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