Discover Student Cash Back Review
The Discover it Student Cash Back credit card is designed for students. This review provides insights into the card's cashback rewards, credit-building features, and how it can assist students in earning rewards.
The Discover it® Student Cash Back credit card is designed for college students and offers a range of features and benefits, making it a popular choice for students looking to build credit and earn cash back rewards, I can provide you with a general review of the Discover Student Cash Back card based on the information available at that time.
Discover it® Student Cash Back Credit Card Overview:
Cash Back Rewards: This card offers a cashback rewards program where cardholders can earn cash back on their purchases. The card typically has rotating quarterly categories in which you can earn higher cashback rates. Additionally, it often offers a cashback match for the first year, effectively doubling the rewards earned during that time.
No Annual Fee: The Discover Student Cash Back card typically does not have an annual fee, making it a cost-effective option for college students.
Good Grade Reward: Discover often offers a "Good Grade Reward" to encourage academic achievement. Students who maintain a certain GPA can receive a statement credit as a reward.
Credit Limit Increase: After several months of responsible credit use, Discover may consider increasing your credit limit, which can help improve your credit score.
Introductory Offer: Some versions of this card may come with an introductory 0% APR offer on purchases for the first several months.
Credit Monitoring: Discover provides free access to your FICO credit score on your monthly statements, helping you monitor your credit score's progress.
Cashback Redemption: Cashback can be redeemed at any time and in any amount, and it can be applied to your statement balance or transferred to a bank account.
Security Features: Discover includes security features such as zero liability for unauthorized charges and the ability to freeze your card through their mobile app.
Dedicated Mobile App: Discover typically offers a user-friendly mobile app for easy account management, including the ability to make payments and track your spending.
Customer Service: Discover is often praised for its customer service, which is available 24/7.
The Discover Student Cash Back card is a popular choice among college students because of its cashback rewards, lack of an annual fee, and opportunities for credit building. It can be a valuable tool for establishing a credit history and earning rewards on everyday purchases. However, as credit card terms and offers may change, it's essential to visit the official Discover website or contact Discover's customer service to get the most current information regarding this card and its terms.
Evaluating the cashback rewards and features of the Discover it Student Cash Back credit card..
The Discover it Student Cash Back credit card is a good option for students who are looking for a credit card with generous cashback rewards and no annual fee.
Cashback Rewards
The Discover it Student Cash Back credit card offers 5% cashback on up to $1,500 in combined purchases at select merchants each quarter when you activate. This is a very generous cashback rate, especially for a student credit card. The bonus categories change each quarter, but have included popular merchants such as Amazon, Target, grocery stores, and gas stations.
In addition to the quarterly bonus categories, you will also earn unlimited 1% cashback on all other purchases. This is a good base cashback rate, and it means that you can earn cashback on everything you buy, even if it is not in a bonus category.
Cashback Redemption
Cashback rewards can be redeemed for cash back, statement credits, gift cards, or travel. You can redeem your rewards at any time, and there are no minimum redemption requirements.
Other Features
In addition to its generous cashback rewards, the Discover it Student Cash Back credit card also offers a number of other features that are beneficial for students, including:
- No annual fee
- No late fee on your first late payment, if it is made within 6 months of your account opening date
- No foreign transaction fees
- Free FICO® Credit Score after your first statement closes
- Access to Discover's Student Cashback Bonus Match, which will match all the cashback you earn at the end of your first year, dollar for dollar, automatically.
Overall
The Discover it Student Cash Back credit card is a great option for students who are looking for a credit card with generous cashback rewards and no annual fee. It is also a good choice for students who are building their credit history, as Discover is known for being more lenient with its approval requirements.
Here is a more detailed evaluation of the cashback rewards and features of the Discover it Student Cash Back credit card:
Cashback Rewards: The Discover it Student Cash Back credit card offers 5% cashback on up to $1,500 in combined purchases at select merchants each quarter when you activate, and unlimited 1% cashback on all other purchases. This is a very generous cashback rate for a student credit card.
Cashback Redemption: Cashback rewards can be redeemed for cash back, statement credits, gift cards, or travel at any time, with no minimum redemption requirements.
Other Features: The Discover it Student Cash Back credit card also offers a number of other features that are beneficial for students, including: no annual fee, no late fee on your first late payment, no foreign transaction fees, free FICO® Credit Score after your first statement closes, and access to Discover's Student Cashback Bonus Match.
Overall: The Discover it Student Cash Back credit card is a great option for students who are looking for a credit card with generous cashback rewards and no annual fee. It is also a good choice for students who are building their credit history.