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  Discover it Student Cash Back

Discover it Student Cash Back

in Personal Credit Cards from Discover Bank

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Discover it Student Cash Back

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in Personal Credit Cards from Discover Bank

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Purchase APR  (Variable APR) 12.99% - 21.99%
Balance Transfer APR  (Variable APR) 12.99% - 21.99%
Credit Score Range 640 - 850
Annual Fee $0

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.

Key takeaways:

  • 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.
  • $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you 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.

Discover it Student Cash Back Pros and Cons:

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 every purchase.
  • Earn rewards on every purchase.
  • Discover it Student Cash Back reports to multiple credit bureaus.
  • Cardholders can earn rewards on their purchases.
  • Does not offer a signup bonus.
  • Charges a 5% balance transfer fee.
  • Does not include many credit card rewards.

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
Rewards rate (all purchases) 1%
Max rewards rate 5%
Annual rewards limit N/A
Signup Bonus ($) N/A
Annual Loyalty Bonus $20

Does Discover it Student Cash Back have a signup bonus?

Discover it Student Cash Back doesn't offer a cash signup bonus.

Does Discover it Student Cash Back offer an annual loyalty bonus?

Yes, Discover it Student Cash Back offers card users an annual bonus worth up to $20.

What are the Discover it Student Cash Back benefits?

Discover it Student Cash Back provides the following benefits:

  • Zero fraud liability
  • 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.

Does Discover it Student Cash Back have an introductory APR offer on balance transfers?

Yes, Discover it Student Cash Back offers an introductory APR rate on balance transfers of 10.99% for a period of up to 6 months.

Discover it Student Cash Back Balance Transfers
Description
Balance Transfer APR 12.99% - 21.99%
Balance Transfer Introductory APR 10.99%
Balance Transfer Intro APR Period (months) 6
Balance Transfer Fee % 5%
Balance Transfer Fee % After Intro Period N/A
Balance Transfer Fee Intro Period (days) N/A
Balance Transfer Fee Minimum N/A

Does Discover it Student Cash Back have an introductory APR offer on new purchases?

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 6 months.

Discover it Student Cash Back Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period (months) 6

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 have a foreign transaction fee?

Discover it Student Cash Back does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

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

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 can 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 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.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Every Purchase (Points) Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more.
Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 6 months
Foreign Currency Transaction Fee 0%
No Annual Fee  
No Foreign Transaction Fee  
Annual Fee $0
Over-Limit Fee $0
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 5%
Minimum Cash Advance Fee ($) Starting at $10
Minimum Interest Charge $0.50
Returned Payment Fee Up to $40
Late Fee Amount Up to $40
Customer Type Student
Minimum Age 18
Credit Score Range 640 - 850
Card Type
  • Cashback
  • Rewards
  • Student
  • Zero Percent
Card Network Discover
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Fraud Liability  
Credit Card Benefits
  • Fraud Liability
  • Free Credit Report
Free FICO Score  
Bonus Rewards Get $20 statement credit each school year your GPA is 3.0 or higher for up to next five years. Discover match all the cash back you've earned at the end of your first year, automatically.
Annual Loyalty Bonus $20
No Reward Expiration Period  
No Blackout Dates  
Rewards Categories
  • Every Purchase
  • Gas
  • Restaurants
Rewards Type Cash Back
Cash Advance APR (Variable APR) 24.99%
Balance Computation daily balance (including new transactions).
Penalty APR (Variable APR) 0%
Purchase APR (Variable APR) 12.99% - 21.99%
Balance Transfer Introductory APR (Variable APR) 10.99%
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer APR (Variable APR) 12.99% - 21.99%
Balance Transfer Fee % 5%

Discover it Student Cash Back Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

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-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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