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It combines a generous cashback program, no annual fee, and tools to help students build healthy credit habits.
Disclaimer: You will be redirected to the official website.
Benefits of Discover it® Student Card
- Generous Rewards: Earn 5% cashback on rotating categories each quarter (after activation) and 1% on all other purchases.
- Cashback Match: Discover matches all the cashback you’ve earned at the end of your first year.
- No Annual Fee: Access all benefits without worrying about yearly costs.
- Good Grades Reward: Earn a $20 statement credit each year for achieving a GPA of 3.0 or higher (for up to five years).
- No Foreign Transaction Fees: Shop abroad without incurring extra charges.
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Pros
- 5% cashback on rotating categories ensures high earning potential.
- No annual fee, making it affordable for students.
- Cashback Match doubles your rewards at the end of your first year.
- Good Grades Reward provides additional incentives for academic success.
- Free credit monitoring tools, including FICO® Score access.
Cons
- Rotating categories require activation to earn 5% cashback.
- Limited rewards categories compared to other cards.
- Balance transfer fee applies if you transfer balances.
- No welcome bonus, apart from Cashback Match.
- Limited international acceptance, as Discover is not as widely accepted globally as Visa or Mastercard.
about the card
The Discover it® Student Cash Back Card is an excellent choice for students looking to build credit while enjoying rewarding perks. With 5% cashback on rotating categories (after activation) and 1% on all other purchases, it offers significant earning potential tailored to student spending habits. The Cashback Match program, which doubles all cashback earned in the first year, further enhances its value, making it an attractive option for first-time cardholders.
A unique feature of this card is the Good Grades Reward, which provides a $20 statement credit each year to students who maintain a GPA of 3.0 or higher. This benefit not only incentivizes academic success but also encourages responsible financial habits. Additionally, access to free tools like your FICO® Score and personalized spending insights empowers students to monitor their credit progress and build a solid financial foundation.
Designed specifically for students, the Discover it® Student Cash Back Card combines practical rewards with tools for credit education. Its straightforward structure and student-focused benefits make it an ideal option for those taking their first steps into the world of credit cards.
How to Apply for Discover it student Card
- Visit the Discover Website: Go to the official card page.
- Review Card Features: Ensure the card aligns with your goals and spending habits.
- Complete the Application Form: Provide your personal, academic, and financial details.
- Submit Your Application: Verify and submit for processing.
- Await Approval: Discover typically provides instant decisions, though some applications may require additional review.
Disclaimer: You will be redirected to the official website.
no foreign transaction fees
The Discover it® Student Cash Back Card charges no foreign transaction fees, making it an excellent option for students who plan to travel or study abroad. This ensures you can use your card internationally without incurring additional costs.
Benefits Breakdown
| Feature | Details |
|---|---|
| Annual Fee | $0 |
| Rewards Rate | 5% cashback on rotating categories (after activation); 1% on others |
| Cashback Match | Discover matches all cashback earned in the first year |
| Good Grades Reward | $20 statement credit annually for a GPA of 3.0+ |
| Foreign Transaction Fee | None |
GOOD GRADES REWARD
One standout feature of the Discover it® Student Cash Back Card is its Good Grades Reward, which provides a $20 statement credit annually for maintaining a GPA of 3.0 or higher. This unique benefit encourages academic success while adding value to your credit journey.
How to Improve Your Credit Score to Get Approved for the DISCOVER IT STUDENT CARd
To get the most out of the Discover it® Student Cash Back Card, consider these tips to improve your credit score:
- Pay Bills on Time: On-time payments are crucial for building a positive credit history.
- Use Your Card Regularly but Responsibly: Aim to use less than 30% of your credit limit.
- Monitor Your Credit Report: Regularly check for errors and dispute inaccuracies.
- Keep Older Accounts Open: This helps establish a longer credit history.
- Avoid Applying for Too Many Cards: Limit hard inquiries to maintain a strong score.
Building good credit habits early sets the foundation for long-term financial success.
FINAL CONSIDERATIONS
The Discover it® Student Cash Back Card is a standout option for students aiming to establish credit while reaping the benefits of a rewarding cashback program. With 5% cashback on rotating categories, the Cashback Match program, and the Good Grades Reward, this card offers an excellent blend of incentives that support both financial and academic success. Its rewards structure and benefits are particularly appealing to first-time cardholders eager to make the most of their spending.
The card’s no annual fee and no foreign transaction fees make it an affordable choice for students on a budget, while free credit tools like access to your FICO® Score and personalized insights provide essential resources for monitoring and improving credit. Although the rewards require quarterly activation, students who stay engaged with their accounts can maximize these benefits and build responsible financial habits.
Overall, the Discover it® Student Cash Back Card is a valuable tool for students seeking to build credit, earn rewards, and gain financial independence. Its combination of affordability, flexibility, and student-focused benefits ensures that it remains a strong choice for those starting their financial journey.