How does the Discover it Student Cash Back card work?

Check it out right now with more details. How it works, fees, interest rates, and much more.

Discover is a lender that offers many kinds of financial services, like personal loans, checking and savings accounts, home equity loans, student loans and credit cards.

Discover is known for its cash-back rewards program and reduced fee structure, therefore its products are becoming more and more popular.

See more details about discover credit card.

How does it work?

This card works as a reward cash back card, one of the stand outs of Discover card is the cash back program which automatically match all the cash back you’ve earned at the end of your first year. For example, if you earned $100, it could turn $200 cash back.

It provides 5% cash back on Amazon, restaurants, groceries stores and 1% cash back on other purchases.

What is card limit?

Discover doesn’t inform which is the maximum credit limit, however, some cardholders have reported limits of $2,000 to $3,000.

Does it have interest rates?

• Regular APR:24%-24.24% (Variable)
• Purchase Intro APR: 0% intro APR on Purchases for 6 months
• Balance Transfer Intro APR: 99% for 6 months.

Does it have fees?

• Annual fees: $0.
• Cash advance: 27.24% (variable)
• Foreign purchase transaction fee: None.

Who can get the card?

This card is suitable for students who is enrolled at a two- or four-year college or university and have a credit score between 630-689.

How to apply for it?

The application can be do in a few minutes, you just need to access Discover’s website and fill a formulary with the following information:

• Personal information: Name, birth of date, nationality, email address, phone number, etc.
• Contact information: Phone number and current address.

What happens after you apply for Discover it Student Cash Back?

After you apply you can get a reply within 5 to 7 days, but if there is a need for a more detailed analysis, it may take up to 30 days to receive a decision.

Frequently asked questions:

What is the Discover IT student cash back limit?

It is $1,500.

Do you need an income to get a Discover student card?

Yes, other requirements needed to qualify are students must be at least 18 years old and enrolled in a 2- or 4-year college or university. Other requirements include US citizenship, a social security number (SSN), and sufficient annual income to pay the minimum amount owed each month.

What happens to Discover student card when you graduate?

After you graduate, Discover will just reclassify your student credit card account, so it’s not tagged as student anymore.