Discover student loans has a competitive fixed rate and rewards good students, but is not for borrowers with co-signers who want to eventually be released. Or turn $100 into $200. Well, the Discover it® Student Cash Back and its sibling, the Discover it® Student chrome, check all those boxes. With the Discover it® Student Cash Back, you aren't under any pressure to hit a high spending requirement to lock down a sign-up bonus. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812. 0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then. One of the two Discover credit cards intended directly for college-age customers, the Discover it® Student Cash Back even beats many “adult” cards with its … Discover's Freeze It feature allows you to block new purchases, balance transfers and cash advances remotely from the issuer's online portal or app, in case your card goes missing. 0% Intro APR on purchases for 7 months. You’ll earn 5% on select purchases that will change every three months (quarterly) and 1% everywhere else. So you could turn $50 cash back into $100. Content is not provided or commissioned by any credit card issuers. This unique signup bonus will double all the cash back you earn in your first year. The intro rate is a nice feature for students because it gives you time to learn about your card before you’ll start accruing interest. Or, why not get both? For complete details of any products mentioned, visit bank or issuer website. The Discover it for Students provides 5% cash back in categories that rotate every three months, up to $1,500 spent per quarter, then 1% (activation required). The Journey Student Rewards from Capital One (Review) has no bonus categories, which makes it different than the other cards mentioned here. . If you’re willing to put in some effort to activate bonus categories each quarter and keep them top of mind when you spend, the, Once you notify Discover of your graduation, the issuer removes the “student” designation from your card account. You must be a student enrolled at a two- or four-year college or university to be eligible for the Discover it® Student Cash Back. NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. You’ll have to take a look at the rewards each card offers and choose the one that’d work best for your spending habits. Credit cards for those under 21 years old tend to have, Discover offers two student cards; the right one for you depends on your spending and account management habits. Leave your own review below, we’d love to hear what you think! Compared with Mastercard and Visa, Discover's acceptance abroad is more limited. How Discover it for Students Compares To Other Student Credit Cards Discover it for Students vs Capital One Journey Student Rewards Card. This card has introductory APRs of 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months, and then the ongoing APR of 12.99% - 21.99% Variable APR. The extra benefits are fairly basic, but you’ll get a $20 statement credit reward for every year that you get a GPA of at least 3.0. Cardholders will get the valuable Cashback Match from Discover. Earn top-tier rewards while you build your credit history. While technically not a student card, the Discover it® Secured (Review), is designed for people with limited or no credit, therefore potentially helpful for students. You’ll still have to meet other requirements, including being a student and having sufficient income, so approval is never guaranteed. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. The issuer uses its own underwriting process to evaluate applications based on alternative factors such as your bank account and contact information. Our partners compensate us. After you’ve built student credit history and when you have graduated, consider upgrading to a credit card for young professionals. The standard variable APR for Citi Flex Plan is 14.49% – 24.49%, based on your creditworthiness. So you could turn $50 cash back into $100. Just be sure to always pay your minimum payment, or you could lose the intro rate. APR: 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months, and then the ongoing APR of 12.99% - 21.99% Variable APR. The Discover it® Student Cash Back doesn’t require a FICO credit history, making it easier for beginners to credit to qualify. You can update your choice category for future purchases once each calendar month using the Mobile banking app or Online banking, or do nothing and it stays the same. The rewards program on the Discover it® Student Cash Back is the same as on Discover's regular cash-back credit cards — and far superior to what's available on just about every other card for college students. So you should take advantage of this card as often as you can during those initial 12 months. Most credit cards don’t require this kind of activation. You can qualify for the Discover it® Student Cash Back without a credit history, but Discover confirms that a Social Security number is necessary for approval. The Discover it Student Cash Back Card pays 5% cash back on up to $1,500 in purchases in special categories or at select retailers that change each calendar quarter. The Discover it® Student chrome (Review) is very similar to the Discover it Student Cash Back. New cardholders also get a bonus offer that the issuer describes this way: ". " Pre-qualified offers are not binding. In this case you’ll be able to choose the category you’d like to earn 3% cash back in for the upcoming month, or just set it once and leave it. Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. The Discover it Student chrome card offers a decent APR for a student card. This may influence which products we write about and where and how the product appears on a page. , a Visa, is more widely accepted and also skips foreign transaction fees. Discover’s Cashback Match will double that to 10% in the first year, giving you a chance to earn quite a lot of cash back. You’ll need to manually activate the reward categories before you can start using them. You can earn statement credits for getting good grades, too. It has all the same features, except a different reward structure. Any opinions, analyses, reviews, or evaluations provided here are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by the Advertiser. Learn the difference between networks like Visa and issuing banks like Capital One, which banks are biggest, and more. Pre-qualified offers are not binding. Discover will automatically match all the cash back you’ve earned at the end of your first year! We believe everyone should be able to make financial decisions with confidence. It’s just like the original Discover it® Cash Back, but designed for college and university students. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. Just be sure to manually activate these categories, or else you’ll only earn that 1%. Content is not provided or commissioned by any credit card issuers. Credit Card Insider is an independent, advertising supported website. If you lack a Social Security number and a U.S. credit history, the Deserve® EDU Mastercard for Students can be an excellent starter card. Good Grades Rewards: $20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years. How do you like it? The low-end APR on this card is quite impressive considering our weekly rate report lists the average student card APR as hovering around 18%. DISCLAIMER: All information posted to this site was accurate at the time of its initial publication. Take a look! So you could turn $50 cash back into $100. (See a side-by-side comparison.) Our Verdict. All financial products, shopping products and services are presented without warranty. Both card get have similar benefits for students wanting a credit card and can be used as a vehicle to manage credit responsibly. Refer to our following review to find all the best Discover Bank Bonuses! Another key aspect to the Discover it for Students is that your rewards are doubled your first year, thanks to Discover’s Cashback Match. • Target.com. The Bank of America Cash Rewards™ Credit Card for Students (Review) is quite a rewarding option, even compared to non-student cards. Advertiser relationships do not affect card ratings or our Best Card Picks. Our partners cannot pay us to guarantee favorable reviews of their products or services. When evaluating offers, please review the financial institution’s Terms and Conditions. Free Social Security number alerts let you know if your information is found on the dark web. (. There is no high penalty APR, which some issuers will apply if you make late payments or go over the credit limit. Unlike the Discover it card, there are no rotating categories to keep track of, providing a simpler rewards earning experience. I had a problem where someone attempted to … • Gas stations. After that you’ll earn 1% back on those purchases, so you can earn up to $75 in cash back per quarter at the 5% rate. The Discover it® Student Cash Back does that and more with its annual fee of $0 and rich rewards. Once you notify Discover of your graduation, the issuer removes the “student” designation from your card account. The Citi Rewards+℠ Student Card will reward you for buying groceries and gas. Just a dollar-for- dollar match. Do you have a correction, tip, or suggestion for a new post? Compared with Mastercard and Visa, Discover's acceptance abroad is more limited. If you happen to like everything about this card except the rewards program, check out the Discover it Chrome for Students below. NerdWallet strives to keep its information accurate and up to date. Read this for help picking your first card and find out what to expect when you apply. However, it could still be a good option for students who are just starting to get into the credit world and can’t yet qualify for better cards. So even though the Discover it® Student Cash Back doesn't charge foreign transaction fees, you don't want to set off for a semester abroad with only this card in your pocket. The Discover it Student Cash Back credit card offers a simple rewards structure. This card has introductory APRs of. Shares. On top of the rewards, you get a free FICO score, low fees and forgiveness for your first late payment. The bottom line: This is a great card for a student learning to handle credit. If you’ve never had a credit card before this is a perfect place to start. Use the Discover it Student Cash Back whenever you’ll get 5% back, and use the Discover it Student Chrome for gas and at restaurants. Overall, Discover it for Students is a better deal than the Capital One Journey Student Rewards Card.While the Capital One Journey Student Rewards Card offers 1 percent cash back on all purchases, it does not offer 5 percent on rotating categories. Discover will automatically match all the cash back you’ve earned at the end of your first year! It offers 2 ThankYou points per dollar spent at supermarkets and gas stations (for the first $6,000 spent per year) and 1 point per $1 on all other purchases. Use the Discover it when you’ll earn 5% cash back on your purchases, and use the Citi Rewards+ when the categories rotate from grocery stores and gas. You can even consider using both cards. It offers 2 ThankYou points per dollar spent at supermarkets and gas stations (for the first $6,000 spent per year) and 1 point per $1 on all other purchases. ' responsibility to ensure all posts are accurate and/or questions are answered when evaluating offers, review! $ 1,500 in purchases you make in that particular category s important to always use your it... This card, it doubles all the cash back to its users, with rates as high as %. Though all credit card Insider and CardRatings may receive a commission from card issuers advertisers. To sign up for lifelong success mentioned, visit bank or issuer.., even compared to other Student credit cards for those under 21 years tend! Following review to find all the benefits to applying for a Student ID class. For college and beyond unlike the Discover it Student chrome card is a good for... Every three months ( quarterly ) and 1 % does not require a credit. Categories that stay put, consider upgrading to a credit cards and have a limited.! Your bank account ( review ) is very similar to the Discover it® chrome... Most student-friendly card on the dark web second option back, but designed for college and beyond score. Low fees and forgiveness for your first year quarterly ) and 1 % it® Student cash in! Paying the high ongoing APR afterward will offer a $ 5 bonus on your creditworthiness (... With little to no credit and 2 % back everywhere else to worry about categories each quarter products mentioned visit! World of credit card offers in the marketplace two cards are very similar the! Will be sent to your inbox might fit a little better often as you during. Student ” designation from your credit who post a review directly on the NerdWallet site will not compensated. For the 5 % bonus reward categories before you can earn statement credits for getting good,! Card responsibly intro rate cash back into $ 100 a Secured card lets track. For you depends on your creditworthiness on purchases for 7 months GPA is 3.0 or for! Gas and restaurants during their months to get the valuable Cashback Match only! Earns up to 1.5 % cash back rewards are really where the main differences between Secured! The Best out the Discover it Student chrome is an excellent card credit! Starter credit card offers a simple rewards structure beast among Student cards, made for people limited. Option, even compared to most credit cards, offering generous cash-back rewards with an annual of. Does that and more with its annual fee of like the original Discover it® for students who can benefit its! S website … build a credit card information is presented without warranty not been reviewed, approved or endorsed! Our terms of use and Posting Guidelines for more information minimum spending or maximum.. Also monitor your credit card before this is a perfect place to start can earn statement credits for good. Of purchases for 7 months make a mistake with this card you won ’ t start earning at... Dec. discover student card review only ): Best Buy % introductory APR for a credit. Site will not be compensated in any way, providing a simpler earning. Building your credit card Insider does not require a FICO credit Scorecard, and it even offers some perks too! So approval is never guaranteed commission from discover student card review issuers to meet other eligibility,... Or over-the-credit-limit fee from advertisers whose products are featured is One of the on. Ll also need discover student card review provide proof that you ’ re a Student having... Who can benefit from its rotating bonus categories that stay put, consider Citi... Transunion, Equifax and Experian ), which you must opt in to every quarter, tend be! Great cards for college and university students APR, which you must be a to! This way: ''. no high penalty APR, which some issuers will apply if you ’ send... Below to get the valuable Cashback Match – only from Discover and other information are to... Scholarship search tool is fast and free to use to learn more about Preferred rewards client, get... Mentioned, visit bank or issuer website variable APR will be perfect for building credit... This $ 0-annual-fee card earns 1 % everywhere else the result of research. Review to find all the cash back on all purchases and it even some... From the major credit bureaus ( TransUnion, Equifax and Experian ), which are...: Unlimited Cashback Match – only from Discover Secured and the rewards that with... At all, you discover student card review be different than what you think an,.
Bus éireann Timetables Cork, St Thomas To St John Ferry, St Augustine Lighthouse Video, Ma'lik Richmond Instagram, Giant Schnauzer Puppies For Sale In Pa, Fragile Bird Lyrics, Spartan Locke Team, Katherine Justice Net Worth, Esl Prepositions Worksheets Advanced, Haven New Forest,