It offers cashback rewards and helps you build your credit. This card is a hit among students for its great features and credit-building help.
The Discover it Student Card lets you earn cash back on daily purchases. You can get up to 5% cash back in certain quarters and 1% on everything else. It’s perfect for buying food, going to the movies, or getting school supplies.
Key Takeaways
- Earn cashback rewards on everyday purchases while building your credit
- Enjoy a 0% introductory APR for 6 months and no annual fee
- Discover will match all the cash back you’ve earned at the end of your first year
- Establish a positive credit history and improve your credit score
- Access your FICO credit score for free every month
What is the Discover it Student Card?
The Discover it Student Card is made for college students. It helps them build credit and earn rewards. It’s different from regular credit cards because it’s designed for young adults.
Overview of Benefits
The Discover it Student Card has great features. Students can earn cashback rewards on purchases. This means they get something back for using the card. Plus, it has no annual fee, which is good for students who are careful with money.
Target Audience
This card is perfect for college students starting to build their credit. It has lenient approval requirements. This makes it a great choice for students who want to start managing their finances.
“The Discover it Student Card has been a game-changer for me. It’s helped me build credit while earning rewards on everyday purchases – a win-win situation as a college student.”
– Samantha, Discover it Student Cardholder
Key Features of the Discover it Student Card
The Discover it Student Card is perfect for students. It offers 5% cashback on certain categories like dining and groceries. You also get 1% cashback on everything else you buy.
This card is great because it has no annual fee. Plus, Discover will match all the cashback you’ve earned at the end of your first year. This means you’ll double your rewards.
The card is also great for building your credit. It reports your payments to the big credit bureaus. This helps you start building a good credit score. You can also check your free FICO credit score anytime.
| Feature | Details |
|---|---|
| Cashback Rewards Program | Earn 5% cashback on rotating quarterly categories Earn 1% cashback on all other purchases |
| No Annual Fees | Enjoy the card’s benefits without any additional costs |
| First-Year Cashback Match | Discover will match all the cashback you’ve earned at the end of your first year |
| Credit-Building Features | Reports payment history to major credit bureaus Provides free access to your FICO credit score |
With the Discover it Student Card, you can earn a lot of 5% cashback. You won’t have to pay any annual fees. And, it helps you build your credit while you’re in school. It’s a card that really meets the needs of students.
How to Apply for the Discover it Student Card
Applying for the Discover it Student Card is easy. It helps you build credit while you’re in school. Let’s look at what you need and how to apply.
Eligibility Requirements
To get the Discover it Student Card, you must:
- Be at least 18 years old
- Be a student in college or university
- Have a valid Social Security number
- Show you have a steady income, like a part-time job or financial aid
Discover also looks at your credit history and score. But, having little or no credit won’t stop you from applying.
Application Process
The application for the Discover it Student Card is simple and online. Here’s how to do it:
- Go to the Discover it Student Card website and click “Apply Now.”
- Fill in your personal details, like name, birthdate, and contact info.
- Share your school info, including your college’s name and your status.
- Tell about your income, like your job and other income sources.
- Check your application for mistakes, then submit it.
After you apply, Discover will decide. If you’re approved, you’ll get your card in 7-10 business days.
Remember, knowing about student approval, application process, and eligibility criteria is key. This knowledge can help you get this great credit-building card.
Using Your Discover it Student Card Responsibly
As a student, it’s key to use your credit card wisely. This helps build a strong credit profile and a bright financial future. The Discover it Student Card has credit-building features to guide you.
Tips for Managing Your Credit
- Always pay on time to show you’re responsible with credit use and keep a good payment history.
- Keep your balance low, using less than 30% of your credit limit.
- Check your account often to catch any unauthorized charges or errors that could hurt your credit score.
- Don’t close your Discover it Student Card account. It can hurt your credit utilization ratio.
Understanding Your Credit Score
Your credit score shows how financially healthy and trustworthy you are. The Discover it Student Card helps you build credit and boost your score. By using your card wisely and paying on time, you show lenders you’re reliable. This can lead to better interest rates and more opportunities in the future.
“Establishing a positive credit history early on can provide a solid foundation for your financial well-being long into the future.”
Remember, your credit score impact depends on how you use your credit card and payment history. Stay careful, and you’ll reach your financial goals. You’ll also build a strong credit profile with the Discover it Student Card.
Exploring Cashback Categories
The Discover it Student Card has a great rewards program. It’s not just about cash back. Knowing the cashback categories helps you save more and get the most from your card.
Bonus Rewards for Dining and Entertainment
The Discover it Student Card shines with its 5% cashback in certain categories. These are great for students, covering things like dining and entertainment. So, whether you’re eating out with friends or going to a show, you can earn a lot of rewards.
Rotating Categories Explained
- The rotating categories change every quarter. This means you can earn 5% cashback in different areas all year.
- Categories have included grocery stores, gas stations, and Amazon.com. This lets you earn more based on how you spend.
- To get the most from these categories, activate them each quarter. Check the Discover it Student Card website for the latest categories.
By knowing about the 5% cashback in rotating categories and the extra rewards for dining and entertainment, you can use your Discover it Student Card wisely. This way, you can earn a lot of cash back on your usual student purchases.
Building Credit While You Study
As a student, getting a good credit score is key for your financial future. The Discover it® Student Card helps you build credit during college. This sets you up for financial success later on.
Importance of Establishing Credit Early
Starting to build your credit early is important. Your credit score affects loans, apartments, and jobs. Using the Discover it Student Card wisely can help you build a strong credit history.
How Payment History Affects Your Score
Your payment history is a big part of your credit score. The Discover it Student Card reports your payments to credit bureaus. This helps you build a good credit profile.
Keeping up with payments and using credit wisely is key. The Discover it Student Card’s features help you develop good financial habits. These habits will help you throughout your life.
“Building credit early can open doors to better financial opportunities down the road. The Discover it Student Card is a great tool for student approval and credit score impact.”
Remember, your credit journey starts now. By using the Discover it Student Card wisely, you can control your financial future. This sets you up for long-term success.
Additional Benefits of the Discover it Student Card
The Discover it Student Card offers more than just rewards and credit-building features. It comes with valuable student perks. One key benefit is access to your free FICO credit score. This lets you keep an eye on your credit health while you’re in school.
The card also provides strong travel and purchase protections. You get $0 fraud liability, so you can shop without worry. Plus, it offers extended warranty coverage and price protection for your purchases.
Access to Free FICO Credit Score
Keeping an eye on your credit score is important for students. The Discover it Student Card lets you check your FICO credit score for free every month. This helps you see how you’re doing and where you can improve.
Travel and Purchase Protections
The Discover it Student Card gives you peace of mind with its travel and purchase protections. You won’t be responsible for unauthorized charges thanks to $0 fraud liability. It also covers your purchases with extended warranty and price protection.
With these extra benefits, the Discover it Student Card is a great choice for students. It helps you earn rewards and build credit responsibly.
Comparing Discover it Student Card with Other Student Credit Cards
As a student, you have many credit card options to choose from. The Discover it Student Card is a favorite, but how does it compare to others? Let’s look at the Discover it Student Card’s pros and cons, and some other options that might be a better fit for you.
Pros and Cons of the Discover it Student Card
The Discover it Student Card offers a great cashback rewards program. You can earn up to 5% cash back in rotating categories. This can help you earn more as a student. Plus, it has no annual fee, making it a good choice for building credit.
But, it might not be the best for everyone. The rotating categories can be tricky to follow. Also, the card’s credit limit might be lower than some other student cards.
Best Alternatives to Consider
- The Chase Freedom Student Credit Card gives you 1% cash back on all purchases. You can also earn bonus cash back in certain categories.
- The Capital One SavorOne Student Cash Rewards Credit Card offers 3% cash back on dining and entertainment. This is great for students who enjoy these activities.
- The Bank of America Cash Rewards Credit Card for Students lets you choose your 3% cash back category. This gives you more control over your rewards.
The right student credit card for you depends on your spending, credit goals, and what you prefer. Take your time to look at all your options. Choose the card that fits your needs and financial situation best.
Frequently Asked Questions about the Discover it Student Card
As a college student, you might have questions about the Discover it Student Card. We’ll cover some common ones to help you understand its benefits. We’ll also help with any account issues you might face.
Common Queries from Students
Many students wonder about the credit limit. The Discover it Student Card’s limit varies from $500 to $5,000, based on your creditworthiness. It can increase as you show responsible credit use. For more on your limit, check the Discover website or call their customer service.
Students also ask about the rewards program. The card gives 1% cash back on all purchases. You can earn up to 5% cash back in certain categories each quarter. To get the most rewards, activate the bonus categories and use your card for eligible purchases.
Troubleshooting Account Issues
If you have problems with your Discover it Student Card, like trouble paying or accessing your account, help is available. Discover’s customer service team can assist by phone, email, or through the Discover mobile app. They’ll work to fix any issues and keep your account running smoothly.
FAQ
What is the Discover it Student Card?
The Discover it Student Card is made for college students. It offers cashback rewards and no annual fee. It also helps you build your credit while in school.
What are the key features of the Discover it Student Card?
The Discover it Student Card has several key features. These include: • 5% cashback on rotating quarterly categories (activation required) • 1% cashback on all other purchases • No annual fee • First-year Cashback Match: Discover will match all the cash back you’ve earned at the end of your first year • Access to your free FICO® Credit Score • Reporting to the three major credit bureaus to help you build credit
Who is the Discover it Student Card for?
The Discover it Student Card is for college students. It helps you earn rewards and build credit. It’s easy to get, even if you don’t have a lot of credit history.
How do I apply for the Discover it Student Card?
To apply for the Discover it Student Card, you need to meet certain requirements. You must: • Be 18 years of age or older • Be enrolled in a college or university • Have a valid U.S. address and Social Security number • Provide information about your income and employment status You can apply online or by calling their customer service number.
How can I use the Discover it Student Card responsibly?
To use the Discover it Student Card responsibly, follow these tips: • Pay your bill on time each month to avoid late fees and build your credit • Keep your credit utilization low by limiting your credit card balances • Monitor your credit reports and scores regularly to track your progress • Use the card for purchases you can afford to pay off in full each month
What are the rotating cashback categories for the Discover it Student Card?
The 5% cashback categories for the Discover it Student Card change every three months. Past categories have included grocery stores, gas stations, restaurants, and Amazon.com. You’ll need to activate the categories each quarter to earn the 5% cashback.
How can the Discover it Student Card help me build credit?
The Discover it Student Card can help you build credit in several ways: • It reports your payment history to the three major credit bureaus, which helps establish your credit history • Making on-time payments and keeping your credit utilization low can help improve your credit score • The card’s credit-building features, such as free FICO score access, can give you insights into how to manage your credit responsibly
What are some additional benefits of the Discover it Student Card?
The Discover it Student Card offers more than just cashback rewards and credit-building features. It also includes: • $0 fraud liability if your card is lost or stolen • Purchase and travel protections, such as extended warranty coverage and auto rental insurance • Referral bonuses for getting your friends to apply for the card
How does the Discover it Student Card compare to other student credit cards?
The Discover it Student Card is unique compared to other student credit cards. It offers generous cashback rewards, no annual fee, and strong credit-building features. However, other cards may have different benefits, such as sign-up bonuses or better rewards in specific spending categories. It’s important to compare the features and find the card that best fits your needs as a student.
What should I do if I have issues with my Discover it Student Card account?
If you have issues with your Discover it Student Card account, contact Discover’s customer service team. They can help you troubleshoot the issue and provide guidance on how to resolve it. You can reach Discover by phone, online chat, or through their mobile app.