Learn how to apply for the Discover it® Student Cash Back card
You may be embarking on a positive financial journey by submitting an application for this card.
Discover it® Student Cash Back: A Comprehensive Review
The Discover it® Student Cash Back card stands out among its competitors in the realm of student credit cards. Not only does it offer benefits like rotating cash-back rewards and an introductory APR offer, but it also helps individuals establish credit, even without a long credit history.
Designed specifically for those who want to build credit while earning cash-back rewards, the Discover it® Student Cash Back card provides 5% cash back on regular purchases made at various venues, including Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum. Furthermore, it offers unlimited 1% cash back on all other purchases automatically. Plus, at the end of your first year as a cardholder, Discover will match your cash back dollar for dollar.
One notable feature of this card is its introductory 0% APR offers, which are rarely found on student credit cards. The Discover it® Student Cash Back card offers a 0% intro APR on purchases for the first six months and a 10.99% intro APR on balance transfers. After the introductory period, the card’s continuing APR ranges from 15.99% to 24.99% Variable APR.
In addition to the attractive cash-back rewards and introductory APR offers, the Discover it® Student Cash Back card provides useful features such as Discover’s Freeze, an account on/off switch, and free access to the cardholder’s FICO credit score. These features add an extra layer of security and convenience for cardholders.
Who is Eligible for the Discover it® Student Cash Back?
To be eligible for the Discover it® Student Cash Back card, you must be a college student. However, even if you can prove your student status, there may still be age and income restrictions that prevent you from receiving a credit card. The good news is that having a perfect credit score is not a requirement, making it an ideal starting point for students looking to establish their credit history.
How to Apply for the Discover it® Student Cash Back
Applying for the Discover it® Student Cash Back card is straightforward and can be done online, similar to most credit card applications. However, be prepared to provide personal information on the “apply now” pages of Discover’s website. While this card is designed for individuals with limited credit history, the application process may take some time due to age and facial checks to ensure you fit the card’s target demographic. Once you pass these checks, the application will proceed smoothly.
Is the Discover it® Student Cash Back Worth It?
The Discover it® Student Cash Back card has a few limitations, but they do not significantly hinder its favorable cash-back rates. However, it may not be suitable for students who plan to study abroad or those who are unwilling to put in the effort to understand its relatively complex cash-back rewards scheme. Nevertheless, the Discover it® Student Cash Back card serves as an excellent tool for students to establish credit, learn about credit cards, develop good financial habits, and enjoy features like an introductory APR on purchases, cash-back incentives, and more.
Discover it® Student Cash Back vs Discover it® Balance Transfer
While comparing the Discover it® Student Cash Back card and the Discover it® Balance Transfer card may seem unfair, as they are designed for different stages of a person’s life, it’s worth noting their distinct features. The Discover it® Student Cash Back card is tailored for students who are just starting their financial journey, with no credit score or credit debt. On the other hand, the Discover it® Balance Transfer card is suited for individuals with excellent credit scores who want a better option to manage existing credit debt. Choosing the right card depends on which stage of life you are in.
Benefits of Discover it® Student Cash Back
- No annual fee
- Approved even with poor or low credit
- Cashback rewards
- Reports to the three major credit bureaus
Benefits of Discover it® Balance Transfer
- No annual fee
- APR intro period
- Bonus categories
- Decent cashback rewards
How to Apply for the Discover it® Balance Transfer?
If you are interested in the Discover it® Balance Transfer card, you can find detailed information on how to apply in our dedicated article on the topic.
