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This $0-annual-fee card earns up to 1.5% cash return on every purchase with on-time payments.
It starts off at 1% cash back on all purchases, and increases to at least one 1.25% after six on-time payments, then 1.5% after 12 on-time payments.
It’s possible to be eligible for this card without credit history, no security deposit is necessary.
Discover’s cash return match is a bonus wanted to new
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No, the Discover it® Student CASH RETURN is not a secured credit card, so you won’t need to put down a cash deposit on approval.
Discover will match all earned cash back rewards on both cards from your day your account is approved during your first 12 consecutive billing periods or 365 days (whichever is longer).
Because it’s unusual for college student cards to possess robust rewards programs, we did not analyze how many rewards points you can generate in the initial year.
The unlimited 1% cash-back rewards rate offered by the Discover it® Student Cash Back card is automatically earned on all purchases.
To earn 5% cash back in quarterly rotating categories capped at $1,500 spent per quarter, cardholders must activate the category.
How To Earn Rewards From The Discover It Student Cash Return Card
debt without your knowledge terrifies you, you can always apply for the Discover it CASH RETURN card yourself and add your kid being an authorized user.
Discover doesn’t allow co-signers, nonetheless it does allow authorized users.
- In the event that you don’t have any income while you’re in school or you merely don’t trust yourself with a line of credit yet, then it’s best to leave bank cards alone until you’re working regular.
- The ratings are the expert opinion of our editors, rather than influenced by any remuneration this web site may receive from card issuers.
- ΘCredit score is calculated based on FICO® Score 8 model, unless otherwise noted.
before choosing one that works best for you.
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To maximize the money back you earn with the Discover it® Student CASH RETURN, you’ll need to activate the rotating bonus categories each quarter during your online Discover account.
Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking.
How Do I Compare Student Cash Return Credit Cards?
The Discover it Student CASH RETURN card, by contrast, supplies a robust cash return program that may deliver a substantial amount of value if you are using it regularly.
Your rewards never expire, but if you don’t use your card for 18 months, Discover will automatically apply your money back to your balance.
When you’re just getting started, it’s not always an easy task to know whether you will qualify for a fresh credit card.
Student bank cards fill this niche and ensure it is easy for young adults to get their first credit card.
Once you’ve accrued at the very least $5 in rewards, you can choose to redeem them for gift cards, that may help you get a lot more value.
Depending on the retailer, for every $20 you exchange into a gift card, you obtain a $25 card—giving you a $5 bonus.
Current gift cards include Old Navy, The Gap, American Eagle, and more.
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We are compensated in exchange for placement of sponsored products and, services, or by you simply clicking certain links posted on our site.
The Discover it® Student Cash Back card is designed for students with limited or no credit score.
There’s no annual fee, and the card can help students build credit while earning unlimited cash back.
The one minor drawback with rotating bonus category cards is that there aren’t any categories where you can always expect to earn much more cash back over summer and winter.
One quarter you may luck out with bonus categories where you have high spending, earning you lots of rewards.
The next quarter, you may end up with bonus categories in which you barely spend anything, and most of one’s purchases will earn you 1% back.
One of many two Discover bank cards intended directly for college-age customers, the Discover it® Student Cash Back even beats many “adult” cards using its bonus cash return categories.
That, combined with Discover’s sign-up bonus, makes this potentially a lucrative credit card.
Fees And Interest
ΘCredit score is calculated based on FICO® Score 8 model, unless otherwise noted.
In addition to the FICO® Score 8, we may offer and provide other base or industry-specific FICO® Scores (such as for example FICO® Auto Scores and FICO® Bankcard Scores).
Your lender or insurer may use a different FICO® Score than FICO® Score 8 or such other base or industry-specific FICO® Score (if available), or a different type of credit score altogether.
Discover it® Student CASH RETURN is a good card for students that are getting started and a comparable beginners card is also the Petal® 2 “Cash Back, No Fees” Visa®.
Both cards are best for students and we’ve compared their offers that you can better understand.
If you do utilize the introductory APR to cover a charge, ensure you make all of the minimum payments on time — otherwise, you could forfeit the promotional rate and start racking up interest.