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Discover it® Student Cash Back credit card full review: should you get it?

Meet one of the best credit cards designed for students: $500 initial limit, 5% cashback and no annual fee. Discover these and other advantages.

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Discover it® Student Cash Back credit card: one of the most coveted credit cards in a student version

Discover it® Student Cash Back credit card
Learn all about the Discover it® Student Cash Back. Source: Discover it®

No college student should worry about credit scores. Well, your score might not be an issue if you have a Discover it® Student Cash Back credit card.

Discover it® logo

Discover it® Student Cash Back card: check out how to apply!

Apply for the Discover it® Student Cash back Card and get 5% cashback, an annual fee waiver, and build your credit. Check out how to apply!

This card offers credit building services and an amazing cashback program. However, that is not all. Read this article and learn more about one of the best student card options:

Credit ScoreFair (630-689)
Annual Fee$0
Regular APR0% APR for purchases in the first six months. After, from 14.49% to 23.49% (variable for purchases)
Welcome bonusAll your cashback earnings in the first year are doubled
Rewards5% cashback on specific and automatically changing categories every three months (limit up to $1,500 every three months and no Walmart and Target purchases included); 1% unlimited cash back on all other purchases

Discover it® Student Cash Back credit card: learn more about this financial product

In fact, this is a card with rare features. Mainly because it is a card designed for students. In effect, with this product, you have a 5% cashback program in specific categories that change every quarter.

At the end of the first year, you will have the total reward amount doubled. For example, if you earned $100 in the reward that year, $100 will be deposited into your account.

In short, this credit card is more than a good money-back program. With this credit product, you will never have to pay an annuity fee.

In addition to the six months of 0% APR, you will still benefit from balance transfers. In the first six months, the APR for balance transfers is only 10.99%.

Discover it® Student Cash Back credit card features

Discover it® Student Cash Back credit card
Learn more about the card’s pros and cons. Source: Discover it®

In fact, that card looks like a dream, doesn’t it? However, now is the time to wake up. Discover the main advantages and disadvantages of this card and decide if it is really worth it:

What are the benefits?

  • Powerful cashback program: 5% cash back rewards at any time; 
  • Possibility to build your credit with each payment made on time;
  • Offers 0% APR period and welcome bonus;
  • No annual fee.

And what are the drawbacks?

  • With complicated rewards programs, you are not always earning as much as you could;
  • You cannot select the categories that will generate the most points for you;
  • If the payment you made is returned, you must pay a fine of up to $41;
  • Foreign students or students with bad credit scores find it difficult to get this card.

What credit score do you need to get the Discover it® Student Cash Back credit card?

However, Discover it® does not set a minimum score for its candidates. Thus, we can understand that students with any credit score can apply for this card.

But, if you want to maximize your chances of being accepted, we recommend at least a fair score. Therefore, we recommend a score between 630 and 689.

How does the Discover it® Student Cash Back credit card application process work?

In fact, there are some basic conditions that you need to fulfill in order to be a customer of this card. To learn more, read our post below and access an exclusive article on application and eligibility!

Discover it® logo

Discover it® Student Cash Back card: check out how to apply!

Apply for the Discover it® Student Cash back Card and get 5% cashback, an annual fee waiver, and build your credit. Check out how to apply!

About the author

José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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