Full Discover Student Card Review: The Perks and Drawbacks

This article on Discover Student Card review will give you the in-depth information you need before doing business with them.

The Discover it® Student Cash Back card is a top pick among student credit cards thanks to its attractive rewards program and user-friendly features. With 5% cash back on rotating quarterly categories and a wide acceptance network, it has become a popular choice for college students.

The Discover it® Student Cash Back is a credit card designed specifically for students, offering a combination of cashback rewards, low introductory interest rates, and a variety of valuable benefits.

It serves as an excellent tool for building credit responsibly while enjoying the perks of student life.

Cost and Subscription

The Discover it® Student Cash Back comes with no annual fee, a significant advantage compared to many other student credit cards.

This eliminates the burden of annual charges, making it an attractive option for budget-conscious students.

Benefits and Advantages

The Discover it® Student Cash Back boasts an impressive array of benefits, including:

• 5% Cash Back on Rotating Quarterly Categories: Earn 5% cash back on rotating quarterly categories, such as gas, groceries, restaurants, and travel.
• 1% Unlimited Cash Back: Receive 1% cash back on all other purchases.
• Introductory 0% APR for 6 Months: Enjoy 0% APR on purchases for the first 6 months, allowing you to make purchases without accruing interest.
• Free FICO Score: Monitor your credit score for free, enabling you to track your creditworthiness over time.
• Free Balance Transfer APR: Transfer your balances from other credit cards with a 0% APR for 18 months, providing an opportunity to consolidate debt and save on interest.

Disadvantages

Despite its numerous benefits, the Discover it® Student Cash Back has a few drawbacks:

• Variable Purchase APR: After the introductory period, the purchase APR ranges from 18.24% to 27.24%, which can be high compared to some other student credit cards.
• Foreign Transaction Fees: Foreign transaction fees apply to purchases made outside the United States.

User Experience

The Discover it® Student Cash Back generally receives positive reviews from users, who appreciate its user-friendly online platform, mobile app, and customer service.

Users also find the cashback rewards program to be rewarding and easy to navigate.

Rating and Reviews from customers

The overall rating from 1826 users stands at a good 4.8 out of 5.

This is a review from a user

Number of Users

The Discover it® Student Cash Back is a widely used student credit card, with over 1 million active customers. This popularity speaks to its reputation as a reliable and beneficial credit card for students.

How to use the Discover it Student Cash Back

Here’s a step-by-step guide on how to use the Discover it Student Cash Back credit card:

1. Activate your card: Once you receive your Discover it Student Cash Back card, you will need to activate it before you can start using it. You can activate your card online or by calling customer service.
2. Set up online access: If you haven’t already, create an online account and download the Discover mobile app. This will allow you to manage your account, track your spending, and redeem your cashback rewards.
3. Make in-store purchases: Swipe your card at the checkout counter and enter your PIN when prompted. You can also use your card for contactless payments by tapping it against the payment terminal.
4. Make online purchases: Enter your card number, expiration date, and CVV code when prompted at checkout. Make sure to select Discover as your payment option.
5. Make over-the-phone purchases: Provide your card number, expiration date, and CVV code to the customer service representative over the phone.
6. Withdraw cash from ATMs: Insert your card into the ATM and enter your PIN. Select the option to withdraw cash and enter the amount you want to withdraw.
7. Monitor your spending and cashback: Regularly check your online account or mobile app to track your spending and cashback rewards. You can also set up email alerts to notify you when you have earned cashback rewards.
8. Redeem your cashback rewards: You can redeem your cashback rewards for statement credits, direct deposits into your bank account, gift cards, or donations to select charities.

Here are some additional tips for using the Discover it Student Cash Back:

• Be aware of the rotating quarterly categories: Make sure to maximize your cashback rewards by using your card for purchases in the current rotating categories.
• Pay your balance on time each month: Avoid late fees and interest charges by paying your balance in full each month.
• Use your card responsibly: Don’t overspend or make purchases you can’t afford. Using your credit responsibly will help you build a good credit history.

What are the terms and conditions of the Discover it Student Cash Back?

The terms and conditions of the Discover it Student Cash Back are subject to change, so it is important to review the cardholder agreement carefully before applying. Some of the key terms and conditions include:

• The introductory 0% APR applies only to purchases, not balance transfers.
• The balance transfer APR is 0% for 18 months from the date you transfer your balances. After that, the variable purchase APR will apply.
• The variable purchase APR ranges from 18.24% to 27.24%.
• There are no annual fees.
• There are foreign transaction fees of 3% for purchases made outside the United States.

5 Alternatives to Discover it®

Here are 5 alternatives to the Discover it® Student Cash Back:

1. Chase Freedom Student: Offers a similar cashback program with 5% rotating categories.
2. Bank of America Cash Rewards Student: Provides 3% cash back on gas and groceries.
3. Capital One Journey Student: Features no annual fee and a $0 annual credit score review.
4. Wells Fargo Cash Wise Student: Offers a flat 1.5% cashback on all purchases.
5. Deserve Edu: Provides 1% cashback on all purchases and up to 2% cashback on select categories.

Conclusion

The Discover it® Student Cash Back emerges as a compelling choice for students seeking a credit card with a generous rewards program, low introductory interest rates, and user-friendly features.

However, it’s crucial to weigh the benefits against the drawbacks, including the variable purchase APR and foreign transaction fees.

Before making a decision, carefully consider your spending habits and financial goals to determine if the Discover it® Student Cash Back aligns with your needs.

Frequently Asked Questions

Reference

• https://www.discover.com/credit-cards/student-credit-card/it-card.html
• https://www.nerdwallet.com/student-credit-cards
• https://thepointsguy.com/credit-cards/discover-it-cash-back-review/

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