Earn a high cashback rate and a satisfying sign-up bonus. This card also cheers “A” students with additional bonus.
When it comes to the attractive cashback rate and overall set of advantages and benefits, the Discover it® Student Credit Card is one of the best offers on the market designed especially for students.
To obtain this card you must be currently enrolled in 2 or 4 year college. If you get approved for this card, your credit line will be at least $500 based on your creditworthiness.
The Discover it® Student Credit Card grants you a 5% cashback on purchases within specific categories. The list of these categories changes each 3 month. Purchases beyond these categories will be rewarded with a 1% cashback. Discover publishes the list of upcoming 5% cashback categories prior to the beginning of each quarter. Remember, that in order to obtain 5% cashback you must activate this option each three months before categories change – it is free and easy to do online.
You can redeem your cashback any time with no minimum required – even 1 cent is fine. At the end of the first year you’ll get a dollar-for-dollar match of the cashback you earned during the year.
At the end of your college year achieve GPA equal to or higher than 3.0 to earn $20 reward bonus. Discover will provide you with your FICO® score chart each month printing it on your monthly statements and online. Free text alerts when a payment deadline is approaching will warn you about the risk of late payment.
Current 2 or 4 year college or university students older than 18 years old.
Annual fee for this card is $0. You also will be granted with a 0% intro APR on purchases which will last for 6 months. After introductory period, purchase APR will be 13.99% - 22.99% based on your creditworthiness. The Discover it® Student Credit Card is friendly to people who are new to credit cards: paying late won’t raise your APR, and there is no fee on first late payment. In case of other late payments Discover will charge you up to $37. 0% foreign transaction fee is included with this card.
Of course, after your graduation you’ll need to switch to another credit card, which, most likely, will have better perks and benefits. However, while you are at your student age, the Discover it® Student Credit Card is a sound start to build your credit history.