The Discover it Student Cash Back Card is a credit card designed specifically for college students. It offers a host of features aimed at helping students build credit, save money, and earn rewards.
In this article, we will take a closer look at the card’s key features, including its
APR, rewards program, and annual fee, to help readers make an informed decision about whether it is right for them.
Card Features
The Discover it Student Cash Back Card is a cash-back credit card that offers a range of features designed to help students make the most of their money. Some of the card’s key features include:
– No
Annual Fee: The card has no annual fee, meaning that cardholders do not have to pay any fees just for having the card.
– 0%
APR: The card offers a 0% introductory
APR for the first six months on purchases and balance transfers. This can be a great way to save money on interest charges if you are planning on making a large purchase or transferring an existing balance.
– Balance Transfer
APR: After the six-month introductory period, the card’s balance transfer
APR will be between 12.99% and 21.99%, depending on your creditworthiness. – Cash-Back
Rewards: The card offers cash-back rewards of up to 5%.
Cardholders can earn 5% cash back on purchases in rotating quarterly bonus categories, up to the quarterly maximum each time they activate. They also earn 1% cash back on all other purchases.
–
Rewards Cap: The card has a rewards cap of $1,500 per quarter in bonus categories. Once the cap is reached, cardholders will earn 1% cash back on all further purchases in the bonus categories.
– Cash-Back Matching: At the end of the first year, Discover will automatically match all the cash-back rewards earned by the cardholder.
APR
One of the key features of the Discover it Student Cash Back Card is its 0% introductory
APR. This means that for the first six months after opening the account, cardholders will not be charged any interest on purchases or balance transfers.
This can be a great way to save money on interest charges if you are planning on making a large purchase or transferring an existing balance. After the six-month introductory period, the card’s balance transfer
APR will be between 12.99% and 21.99%, depending on your creditworthiness.
However, it’s important to note that if you carry a balance on the card after the introductory period, you will begin to accrue interest charges on your outstanding balance.
Rewards
The Discover it Student Cash Back Card offers a cash-back rewards program that can help students save money on their everyday purchases. Cardholders can earn up to 5% cash back on purchases in rotating quarterly bonus categories, up to the quarterly maximum each time they activate.
They also earn 1% cash back on all other purchases. The quarterly bonus categories are designed to align with students’ spending trends.
For example, one quarter may focus on gas stations, while another may focus on restaurants. Cardholders can earn 5% cash back on up to $1,500 in purchases in the bonus categories.
It’s important to note that the card has a rewards cap of $1,500 per quarter in bonus categories. Once the cap is reached, cardholders will earn 1% cash back on all further purchases in the bonus categories.
At the end of the first year, Discover will automatically match all the cash-back rewards earned by the cardholder. This means that if you earn $200 in rewards during your first year, Discover will match that amount, giving you a total of $400 in cash-back rewards.
Variety of Categories
One of the strengths of the Discover it Student Cash Back Card is the variety of bonus categories available. The categories are designed to align with students’ spending trends, which can make it easier to earn cash-back rewards on purchases that you’d be making anyway.
The card also offers a range of other benefits, such as purchase protection and a free FICO credit score. Additionally, cardholders can use the Discover mobile app to manage their account, track their rewards, and more.
Annual Fee
The Discover it Student Cash Back Card has no annual fee, which makes it an excellent choice for students looking to save money. This means that you will not have to pay any fees for simply having the card.
It’s important to note, however, that if you carry a balance on the card after the introductory period, you will begin to accrue interest charges on your outstanding balance. In conclusion, the Discover it Student Cash Back Card is an excellent option for students looking to build their credit, save money, and earn rewards.
With a range of features designed specifically for students, this card can help you make the most of your money and build a strong credit history. Whether you’re a college student or a recent graduate, the Discover it Student Cash Back Card is definitely worth considering.
When applying for a student credit card, it’s important to choose a card that meets your particular needs and lifestyle. The Discover it Student Cash Back Card is a popular choice for many students due to its range of features, such as no annual fee, 0%
APR for six months, and a cash-back rewards program.
However, it’s important to compare this card with others to make an informed decision.
Comparison with Other Student Credit Cards
When comparing the Discover it Student Cash Back Card with other student credit cards, there are a few features that set this card apart. One of the most significant is the cash-back matching program, which matches all of the cash-back rewards earned by the cardholder at the end of their first year.
This is a unique feature that is not offered by many other student credit cards. Additionally, the Discover it Student Cash Back Card waives the first late payment fee, which can be helpful for students who are new to credit cards and may be more likely to miss a payment.
This feature is not available on all student credit cards. Overall, the Discover it Student Cash Back Card is a strong option for students looking for a cash-back credit card that offers a range of benefits and features.
Cash-Back Matching
One of the standout features of the Discover it Student Cash Back Card is its cash-back matching program. After the first year of account opening, Discover will match all the cash-back rewards earned by the cardholder.
This means that if you earn $150 in cash-back rewards during your first year, Discover will give you an additional $150 as a bonus. This feature is unique among student credit cards and can be a great way to maximize your rewards.
Waiving of First Late Payment Fee
Another feature that sets the Discover it Student Cash Back Card apart from other student credit cards is its waiver of the first late payment fee. This means that if you miss a payment, you will not be charged a late fee.
This can be helpful for students who are new to credit cards and may be more likely to miss a payment. However, it’s important to note that late payments can still negatively impact your credit score, so it’s important to make your payments on time.
Comparable Student Credit Card Options
While the Discover it Student Cash Back Card is a strong option for students, there are other cards on the market that may be better suited to your needs. Here are two comparable student credit card options:
– Capital One Quicksilver
Rewards for Students Card: This card offers 1.5% cash back on all purchases, with no limit on how much you can earn.
Additionally, new cardholders can earn a $200 cash bonus after spending $500 within the first three months of account opening. The card has no annual fee and offers a 0% introductory
APR on purchases and balance transfers for the first nine months.
– Bank of America Travel
Rewards Credit Card for Students: This card offers 1.5 points per $1 spent on all purchases, with no limit on how many points you can earn. Points can be redeemed for travel-related expenses such as flights, hotels, and car rentals.
Additionally, new cardholders can earn 25,000 bonus points after spending $1,000 within the first 90 days of account opening. The card has no annual fee and offers a 0% introductory
APR on purchases for the first 12 billing cycles.
When comparing these cards with the Discover it Student Cash Back Card, it’s important to consider your individual needs and spending habits. While the Discover it Student Cash Back Card offers unique features like cash-back matching and the waiver of the first late payment fee, the Capital One Quicksilver
Rewards for Students Card and the Bank of America Travel
Rewards Credit Card for Students offer strong rewards programs and sign-up bonuses.
In conclusion, the Discover it Student Cash Back Card is a solid option for students looking for a cash-back credit card. Its noteworthy features, such as cash-back matching, no annual fee, and 0% introductory
APR, make it a strong contender.
However, it’s important to compare it with other student credit cards, such as the Capital One Quicksilver
Rewards for Students Card and the Bank of America Travel
Rewards Credit Card for Students, to determine which card offers the features and benefits that best meet your needs. Applying for the Discover it Student Cash Back Card is a quick and easy process.
The card is designed for students who want to build their credit history and earn cash-back rewards on their purchases. In this article, we will go through the steps for applying for the card as well as discuss who the card is best suited for.
Online Application Process
To apply for the Discover it Student Cash Back Card, you can go to the Discover website and fill out an online application form. The form will ask for information about your personal details, such as your name, address, and social security number.
You will also need to provide information about your school, such as your major and expected graduation date. This information helps Discover tailor its rewards program to fit students’ spending habits.
Once you’ve filled out the application form, you’ll need to agree to the terms and conditions and submit your application. You should receive a decision within a few minutes of submitting your application.
If you are approved for the card, you will receive your card in the mail. You can customize the design of your card, choosing from several different designs, including a pizza slice, a beach scene, or a graduation cap.
Who the Discover it Student Cash Back Card is Best For
The Discover it Student Cash Back Card is designed for students who want to build their credit history and earn cash-back rewards on their purchases. It’s a great option for students who are responsible with their spending and want to make the most of their money.
Maximize
Rewards with Bonus Categories
One of the key features of the Discover it Student Cash Back Card is its cash-back rewards program. Cardholders can earn up to 5% cash back on purchases in rotating quarterly bonus categories, up to the quarterly maximum each time they activate.
They also earn 1% cash back on all other purchases. To maximize your rewards, it’s important to pay attention to the quarterly bonus categories and activate the 5% cash back each time.
The bonus categories are designed to align with students’ spending habits, such as gas stations, restaurants, and Amazon purchases. By using your card for purchases in these bonus categories, you can earn more cash back.
Difficulty Meeting Sign-Up Bonus Requirements
Unlike other student credit cards, the Discover it Student Cash Back Card does not offer a sign-up bonus. This can be a drawback for some students who want to maximize their rewards in the short term.
However, the card’s cash-back matching program can be seen as a long-term bonus. At the end of the first year, Discover will automatically match all the cash-back rewards earned by the cardholder.
This means that if you earn $200 in cash-back rewards during your first year, Discover will give you an additional $200 as a bonus. In conclusion, the Discover it Student Cash Back Card is a great option for responsible students who want to build their credit history and earn cash-back rewards on their purchases.
To apply for the card, simply fill out the online application form on the Discover website. It’s important to pay attention to the quarterly bonus categories and activate the 5% cash back each time to maximize your rewards.
Additionally, while the card does not offer a sign-up bonus, its cash-back matching program can be seen as a long-term bonus. Ultimately, if you’re a student looking for a credit card that can help you build your credit and earn rewards, the Discover it Student Cash Back Card is definitely worth considering.
The Discover it Student Cash Back Card is an excellent option for students who want to build their credit history and earn cash-back rewards on their purchases. The card offers a range of features and benefits that can help students make the most of their money.
In this article, we will provide a detailed summary of the card’s features and benefits.
Card Features
The Discover it Student Cash Back Card offers a range of features that can help students build their credit and earn rewards. Some of the card’s key features include:
– No
Annual Fee: The card has no annual fee, which means that cardholders do not have to pay any fees just to have the card.
– Cash-Back
Rewards: The card offers cash-back rewards of up to 5%. Cardholders can earn 5% cash back on purchases in rotating quarterly bonus categories, up to the quarterly maximum each time they activate.
They also earn 1% cash back on all other purchases. – 0%
APR: The card offers a 0% introductory
APR for the first six months on purchases and balance transfers.
This can be a great way to save money on interest charges if you are planning on making a large purchase or transferring an existing balance. –
Rewards Cap: The card has a rewards cap of $1,500 per quarter in bonus categories.
Once the cap is reached, cardholders will earn 1% cash back on all further purchases in the bonus categories. – Cash-Back Matching: At the end of the first year, Discover will automatically match all the cash-back rewards earned by the cardholder.
–
Waiving of First Late Payment Fee: The card waives the first late payment fee, which can be helpful for students who are new to credit cards and may be more likely to miss a payment.
Benefits
The Discover it Student Cash Back Card offers a range of benefits that can help students make the most of their money and build their credit history. Some of the card’s key benefits include:
– Cash-Back
Rewards: The card’s cash-back rewards program is a strong benefit that can help students save money on their purchases.
By using the card for purchases in rotating quarterly bonus categories, cardholders can earn up to 5% cash back, which can add up over time. – No
Annual Fee: The fact that the card has no annual fee means that students can save money on fees over time.
– 0% Intro
APR: The card’s 0% introductory
APR can be a great way to save money on interest charges if you are planning on making a large purchase or transferring an existing balance. – Cash-Back Matching: The card’s cash-back matching program is a unique benefit that can help students maximize their rewards in the long term.
– Free FICO Credit Score: Cardholders can access their FICO credit score for free, which can help them stay on top of their credit history and make more informed financial decisions. Overall, the Discover it Student Cash Back Card is an excellent option for students who want to build their credit history and earn rewards on their purchases.
The card’s cash-back rewards program, 0% introductory
APR, and cash-back matching program set it apart from other student credit cards. To apply for the card, simply fill out the online application form on the Discover website.
In conclusion, the Discover it Student Cash Back Card is an excellent option for students who want to build their credit history and earn rewards on their purchases. The card