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The Discover it® Student Cash Back Credit Card is a valuable tool for students starting their financial journey.
Its cashback rewards, credit-building tools, and no-annual-fee structure make it an excellent choice for young adults.
The Discover Student Cash Back card is designed for students, offering 5% cash back in rotating categories. Students can also earn unlimited 1% on all other purchases.
It includes a Cashback Match for the first year, doubling the rewards earned.
With no annual fee and tools like free FICO® Credit Score, this card supports responsible credit use while maximizing rewards. It’s an excellent choice for building credit and earning perks.
Discover Student Cash Back
5% cash back No annualHow Does the Discover it® Student Cash Back Credit Card Work?
The Discover it® Student Cash Back Credit Card offers 5% cashback on up to $1,500 in purchases in rotating categories each quarter after activation. These categories often include popular spending areas like gas stations, grocery stores, restaurants, and online retailers.
For purchases outside these categories or beyond the quarterly spending cap, cardholders earn unlimited 1% cashback. This ensures that every transaction contributes to your rewards balance.
Discover’s Cashback Match doubles all the cashback earned in your first year, making the card particularly rewarding for new users.
Rewards can be redeemed as statement credits, gift cards, or payments at select retailers, ensuring flexibility.
The card also offers unique student-focused benefits like Good Grade Rewards, which provide an annual $20 statement credit for maintaining a GPA of 3.0 or higher. These features make it an excellent choice for students prioritizing both academic and financial success.
Main Benefits for the Discover it® Student Cash Back Credit Card
The Discover it® Student Cash Back Credit Card offers several key benefits that make it a top choice for young adults.
The rotating 5% cashback categories allow students to maximize rewards in common spending areas, while the unlimited 1% cashback ensures consistent value for all purchases.
The first-year Cashback Match effectively doubles your rewards, adding significant value to the card, especially for students who are new to credit.
Good Grade Rewards incentivize academic excellence, providing additional financial motivation to maintain high performance in school.
Combined with no annual fee and access to free FICO® score monitoring, the card offers a comprehensive set of tools for building credit and earning rewards.
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Cons for the Discover it® Student Cash Back Credit Card
While the Discover it® Student Cash Back Credit Card provides numerous benefits, it does have some limitations. The 5% cashback requires quarterly activation, which may be inconvenient for busy students.
Additionally, the rotating categories may not always align with individual spending habits, potentially limiting rewards potential.
The $1,500 quarterly cap on 5% categories restricts the total rewards that can be earned in these areas, which may be a drawback for students with higher spending needs.
Despite these limitations, the card remains an excellent option for students willing to plan their spending around the rotating categories.
APR and Fees
The Discover it® Student Cash Back Credit Card has no annual fee, making it an affordable option for students.
The card also offers a competitive introductory APR for purchases, providing flexibility for new cardholders managing initial expenses.
After the introductory period, a variable APR applies based on your creditworthiness.
It’s important to review the full terms and conditions to understand potential fees for late payments or cash advances.
How to Apply for the Discover it® Student Cash Back Credit Card
Applying for the Discover it® Student Cash Back Credit Card is straightforward. Follow these steps:
- Visit the Website: Go to Discover’s official website and locate the Student Cash Back Credit Card application page. Click “Apply Now” to begin.
- Provide Your Information: Enter your personal details, including your name, address, Social Security number, and income.
- Verify Enrollment: Provide information about your college enrollment, as this card is specifically designed for students.
- Submit Your Application: Review your information carefully and submit the application. Most applicants receive a decision quickly.
- Activate Your Card: Once approved, your card will arrive within 7–10 business days. Activate it and start earning rewards immediately!
The Discover it® Student Cash Back Credit Card is an excellent option for students looking to establish credit while earning meaningful rewards.
Its rotating 5% cashback categories, first-year Cashback Match, and student-focused features make it one of the best student cards available.
While it may not suit individuals who dislike managing rotating categories, its affordability and unique benefits make it a standout choice.
For students eager to build credit responsibly and earn rewards, the Discover it® Student Cash Back Credit Card is a top contender.
