Discover it® Student Cash Back Credit Card

Discover it® Student Cash Back Credit Card

The Discover it® Student Cash Back Credit Card is an excellent choice for college students looking to build credit while earning rewards. With no annual fee, generous cash back opportunities, and a unique first-year Cashback Match, this card is designed to help students establish financial independence without breaking the bank.

Key Features

The Discover it® Student Cash Back Credit Card offers a variety of perks that make it stand out among student credit cards:

• 5% Cash Back: Earn 5% cash back on rotating categories each quarter (up to the quarterly maximum, with activation). Categories often include popular spending areas like gas stations, grocery stores, restaurants, and online shopping.
• 1% Cash Back: Get 1% cash back on all other purchases, making it easy to earn rewards on everyday spending.
• Unlimited Cashback Match: At the end of your first year, Discover will match all the cash back you’ve earned, effectively doubling your rewards.
• No Annual Fee: Enjoy all the benefits of this card without worrying about an annual fee.
• 0% Intro APR: Take advantage of a 0% introductory APR on purchases for the first 6 months, followed by a variable APR.
• Free Credit Monitoring: Access your FICO® Credit Score for free, helping you track your credit-building progress.

How to Earn the Bonus

While the Discover it® Student Cash Back Credit Card does not offer a traditional sign-up bonus, its Unlimited Cashback Match feature is a standout benefit. At the end of your first year, Discover will match all the cash back you’ve earned, effectively doubling your rewards. There’s no spending requirement or cap, so the more you use your card, the more you’ll earn.

Our Verdict

The Discover it® Student Cash Back Credit Card is a fantastic option for students who want to build credit while earning valuable rewards. The 5% cash back on rotating categories and 1% on all other purchases make it easy to maximize rewards, especially with the first-year Cashback Match. Plus, the lack of an annual fee and the 0% intro APR on purchases for six months add even more value.

However, the rotating categories require activation each quarter, which may not appeal to everyone. Additionally, students who prefer a flat-rate cash back card might find the 5% categories less convenient. That said, for those willing to plan their spending around the bonus categories, this card offers significant earning potential.

Overall, the Discover it® Student Cash Back Credit Card is a top-tier choice for students who are new to credit cards and want to earn rewards while learning to manage their finances responsibly.