Discover it Student Cash Back Review

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

• Generous reward rate. You will get a cashback rewards rate of up to 5%.
• 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 Student Cash Back 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.
• 5% Balance transfer fee. Discover it Student Cash Back charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 in transfer fees.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• 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.

The Good	The Bad
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. No foreign transaction fee. Cardholders can earn rewards on their purchases. Discover it Student Cash Back reports to multiple credit bureaus.	Does not offer a signup bonus. You don't earn rewards on every purchase. Charges a 5% balance transfer fee.

Is there a Discover it Student Cash Back cash back or rewards program?

Discover it Student Cash Back is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Discover it Student Cash Back 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 5% for purchases in a bonus category.

Discover it Student Cash Back Rewards

Minimum rewards rate	1x
Max rewards rate	5x
Annual rewards limit	N/A
Annual Loyalty Bonus	$20

What are the Discover it Student Cash Back benefits?

Discover it Student Cash Back provides the following benefits:

• Free Credit Report.
• Free Credit Report
• No blackout dates when redeeming miles
• Reports to major credit bureaus

What are the relevant APRs for Discover it Student Cash Back?

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 Student Cash Back has lower than average purchase APRs.

Discover it Student Cash Back 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 Student Cash Back?

The following fees apply to Discover it Student Cash Back:

• There is no overlimit fee

Discover it Student Cash Back Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

Does Discover it Student Cash Back report your account activity to credit bureaus?

Yes, Discover it Student Cash Back 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 may help improve your credit.

How to apply for Discover it Student Cash Back

• Visit the Discover it Student Cash Back 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 your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.