Discover it Chrome for Students Review

Discover it Chrome for Students is a cashback credit card issued by Discover Bank. If you're wondering whether Discover it Chrome for Students is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Earn 1% cash back on everyday purchases.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Competitive APRs. Discover it Chrome for Students has a variable purchase APR that ranges from 12.99% up to 21.99%.
• No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Discover it Chrome for Students charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees.
• Student credit card. This card is geared toward students. In other words, college students with limited credit history and low incomes can still apply, especially if they have a cosigner ready to vouch for them.
• Fair or better credit required. You stand a chance of qualifying if your credit score is not below 640.

Discover it Chrome for Students Pros and Cons:

The Good

The Bad

You earn a full 2% Cashback Bonus on your first $1000 in combined gas and restaurant purchases each calendar quarter. Lower than average purchase APRs. Has an introductory APR rate on balance transfers of 10.99%. 0% APR on new purchases during the first 6 months. No annual fee. Free access to your credit score. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Discover it Chrome for Students reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

Does not offer a signup bonus. Charges a 3% balance transfer fee.

Is there a Discover it Chrome for Students cash back or rewards program?

Discover it Chrome for Students is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Discover it Chrome for Students you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 2% for purchases in a bonus category.

Discover it Chrome for Students Rewards

Rewards rate (all purchases)	1%
Max rewards rate	2%
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus Spend Requirement	$0
Annual Loyalty Bonus	$20

What are the Discover it Chrome for Students benefits?

Discover it Chrome for Students provides the following benefits:

• Free Credit Score
• Zero fraud liability
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Discover it Chrome for Students?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Discover it Chrome for Students has lower than average purchase APRs.

Discover it Chrome for Students has a variable purchase APR that ranges from 12.99% up to 21.99%. The card has a variable balance transfer APR that ranges from 12.99% up to 21.99%. It also has a variable cash advance APR of 24.99% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for Discover it Chrome for Students?

The following fees apply to Discover it Chrome for Students:

Discover it Chrome for Students Fees

Fees	Amount
Annual Fee	$0
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

Does Discover it Chrome for Students report your account activity to credit bureaus?

Discover it Chrome for Students reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for Discover it Chrome for Students

• Visit the Discover it Chrome for Students website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.