In this article, we will be discussing how to get Discover Student Credit Card in 2022. College students are often preoccupied with getting the most value out of their educational experience, so they tend to be a little more conservative financially than the rest of us. When it comes to buying things like cars or electronics, it’s unlikely that you’ll have enough room in your budget for a credit card. But that’s not to say you can’t get a credit card. There are financial aid cards, prepaid cards, and student loans on hand for those who need them, but credit cards are also for students.
These cards offer perks aimed at making life easier for students and their parents. And if you graduate from college and find yourself with a lot of extra cash in your budget, you can always use these cards as an emergency fund lending tool or make everyday purchases more convenient. In this article, we will be discussing how to get Discover Student Credit Card in 2022.
Discover Student Credit Card
Student credit cards are a relatively new product category, first introduced by Discover in 2012. These cards offer good rewards for students who want to use their cards to purchase school supplies, textbooks, student fees, and other school-related expenses. This credit card is specifically designed for college students, introducing them to the world of credit and how to build it. The card is marketed to help students budget and manage their debt load. While there are no hard-and-fast rules for determining how much student loan debt each household should hold, an important consideration is whether you can afford to pay your monthly bills and cover emergency expenses for the month.
If you already have a credit card, it’s possible that you could take a credit limit increase from your existing line of credit on your Discover Student Card as well as from a line of credit from another lender. That would make it possible to use the card for all sorts of purchases, including paying your bills on time. However, keep in mind that buying with more than one card can cause new problems to lower your credit score. For instance, if you get behind on bills, the increased interest rates you pay on multiple accounts will hurt your score.
Discover’s student credit card comes in three varieties: the Discover it® Miles Student Credit Card, the Discover it® Secured Student Credit Card, and the Discover it® Student CashBack Credit Card. Each offers a different mix of cashback rewards, bonus miles, and other benefits. The best student credit card for you depends on your priorities. You should consider factors like rewards rates, bonus miles, annual fee, and grace period length as well as whether you’ll have to carry a balance on the card.
The Discover it® Miles Student Credit Card is an ideal choice for college students who want to earn rewards for their spending. The card’s features are designed to make it easy for students to manage their money, and the card offers several benefits that can help you get ahead in school and on your way to a better financial future. This card provides a generous introductory 0% APR period. With this initial period, you’ll have the opportunity to make purchases without worrying about accumulating interest charges. You’ll also receive 5% cashback on specific categories of your spending, which adds up quickly.
The Discover it® Miles Student Credit Card’s benefits extend beyond the rewards program. This card is a few with a no-fee foreign transaction fee, so you won’t pay any fees when you use your card overseas. And its purchase protection plan covers items purchased with the card and online purchases made through Amazon.com or eBay. The Discover it® Miles Student Credit Card can be both fun and profitable — but what’s most important is that its benefits will help you manage your money and reach your financial goals.
2. The Discover it® Secured Student Credit Card.
The Discover it Secured Student Credit Card is a great credit card for students, offering cashback rewards on every purchase and 0% introductory APR for the first 6 months. This card provides plenty of benefits to make it one of the best student credit cards available. However, there are some things you need to keep in mind when applying for Discover it Secured.
Offer length: The 6-month introductory period is the longest of any secured card offer. It’s also the only secured card with a 0% purchase and balance transfer rate, which makes it ideal for students who want to get started in the world of credit without having to pay a lot in interest fees.
Rewards: You’ll earn cashback rewards equal to 2% cashback on your purchases, plus an unlimited 1% cashback on all other purchases. That’s much more than any other student credit card, as well as a significant amount when compared with the average rewards from most student credit cards, which hover around 1%.
0% intro APR: The 0% intro APR for purchases and balance transfers is another excellent feature that makes this card one of the best student credit cards out there.
The Discover it® Cash Back Student Credit Card offers 4% cash back on up to $1,500 in combined purchases made in your first 3 months from account opening, and then 1% cashback on all other purchases. The card’s annual percentage rate (APR) for Purchases and Balance Transfers is 25.74%. The APR for Cash Advances is 24.74%, and the APR for all other Rate Products is variable with a range from 10.74% to 27.49%. The variable APRs are accurate as of the last day of your billing cycle and are subject to change without notice. For more information about the terms and conditions that apply to your Discover it® Student CashBack Credit Card account, see the For Students section of the Discover it Cash Back Website.
How To Apply For Discover Student Credit Card
Student credit cards, or “grants,” are available to those who have completed at least one year of college. Students can get approved for a card by applying online, signing up for a paperless credit card, and being supported. Once you’ve been accepted, the next step is to apply to the Discover it Student Credit Card. This card has no annual fee, and its balance transfer feature is another significant benefit in this case. The application process involves submitting your name, Social Security number, date of birth, and address, as well as a copy of your current and previous pay stubs with your name and email address on them.
You’ll also need an official document that proves you’re a student. Most schools require either an official letter from your school or an unofficial but official declaration from an instructor attesting to your status. If you’re not sure whether you have enough information on hand, you can always call the issuer to ask about additional documents needed for credit approval.
Discover Student Card Review
The Discover Student Card, otherwise known as the Discover it, is one of the most popular student credit cards in the market. Since its inception, this card has had a great run and has gone through several iterations and redesigns to improve its user experience. Discover’s latest iteration is this card, released late last year. It came with some significant improvements, including:
- The redesign of the card has been done to make it more aesthetically pleasing. The background color is light blue with a lighter shade of gray lining on both sides of the card. It also has a new name – Discover it, Student Card. It was previously called Discover it Secured Credit Card.
- The card now has a built-in chip technology that provides better security than its predecessors. This is great news for users who carry around large sums of cash, as they can use their newly secured credit card instead of using their old wallet cashier at grocery stores and shops.
- The welcome bonus offer is now better than ever! Users get $150 back after spending $500 within 90 days of opening their account. This is an excellent offer for college students who have yet to be approved for a credit card while still studying.
- The card has no annual fee and a 0% intro APR on purchases and balance transfers for 12 months.
- The card also offers cashback bonuses up to 2x when you redeem your cashback through redeeming points through Discover’s website.
Pros of Using the Discover Student Card
- 5% cash back on gas, grocery, and drugstore purchases, up to $1,000 per quarter
- No annual fee
- 0% introductory APR for 12 months on balance transfers
- 0% introductory APR for 12 months on purchases
- No balance transfer fee
Cons of using the Discover Card for student use:
- Limited categories mean that you can’t get everything you want. Discover does not offer a card with rewards in department stores or similar places that often give 5% cashback. You can get 5% at wholesale clubs like Costco and Sam’s Club, but only if you have a Costco membership — and many Discover cardholders don’t have one. A 5% cash back card would also be nice if you’re buying airline miles through your card.
- The costs add up over time. The rewards schemes operate as tiered bonuses. The more you spend, the bigger the bonus gets — which means it has a cost attached to it. For example, if your quarterly spending limit is $1,000, you get 5% back.
Discover Student Credit Card Limit
Many credit card companies have cut back on the number of cards they will issue to students because of the low level of spending on credit cards typical among college students. The good news is that there are some student credit cards available, but you have to find them and understand them before you apply. It’s essential to clarify what types of accounts are included in your Discover Student Credit Card limits. While there are a few basic categories, you want to make sure your limits include all the primary uses for which you might use a credit card — especially if you plan on paying off your balance in full each month.
If you’re a student, you may not think about credit cards as a significant financial decision, but it’s the most crucial part of your financial education. A low limit on your card could have disastrous consequences if an emergency cropped up. Or it could lead to overspending and ruin your chance at a good score. Fortunately, there are options available for students that are affordable and safe. The Discover Student Card is one of them. Unlike many other cards, it has a $5,000 limit, but it doesn’t charge an annual fee or require a minimum monthly payment.
And because students can’t get credit cards until they’re 21, the penalty APR won’t affect them when they graduate college next year. The Discover Student Credit Card has an exciting feature that allows cardholders to lock their account until they graduate from school. While this feature does not allow for any cash advance or charge, it does help keep your account from being reported by creditors as “abandoned” and having a negative impact on your score.
Discover Student Card Requirements
The Discover credit card has a decent rewards program and is one of the few cards that offer an introductory interest-free period on purchases. It’s also a good option for those who want an easy way to earn cashback from their purchases. To qualify, you need to be a full-time college student who’s enrolled at least half-time, have a permanent U.S. address and be a U.S. citizen or a permanent resident of the United States. You need to have some proof of enrollment at a college or university, such as your student ID or school email address (if you don’t have one, you can link your Facebook profile).
You can also prove that you’re enrolled in classes and attending classes at least half the time, such as tuition statements. The minimum income requirement is $25,000, and the minimum credit limit is $1,000 (all applicants must have a credit score of at least 700). The Discover Student Credit Card account opening requirements are pretty standard — you need to open an existing account with the same bank that runs the Discover card — but some people may think it’s more complicated than it needs to be because there’s no annual fee for this card and others have annual fees. You may need the following;
- You must also have a valid social security number or ITIN (for non-resident aliens).
- You will also need to provide proof of your identity and address with either:
- A bank statement showing proof of income (such as a W-2)
- A copy of your bank statements showing all accounts in your name.
Discover Student Card Login
Discover is a popular and well-respected credit card company. The Discover signup bonus and low-interest rates make the card attractive for students. But the lack of rewards means that it’s not as effective for building credit as other cards in this category. The Discover Student Credit Card has a fairly simple application process, with no age or income requirements. You must be enrolled in college to apply, but you can apply even if you’re not attending school — as long as you’re a full-time student who lives in the United States. There are no hard pulls on your credit report, either, so this card will be a good choice if you’ve had trouble building credit in the past.
This card has no annual fee, so there’s nothing to lose by using it while you’re still in school. However, there is a foreign transaction fee of 3% on all purchases with this card outside the U.S., making it too expensive for people who travel frequently. To start, head over to www.discover.com/studentcard. You can check your Credit score and report from Equifax and Experian when you request one at www.discover.com/credit-card-login.
Discover Student CashBack
The Discover Student Credit Card offers cash back rewards for the first 6 months at a flat 1% cashback. After this period, the APR will increase to an average of 16.24%, but you can get your money back if you pay your bill on time. Discover offers a great introductory offer of up to 5% cash back in a year, which is great for saving and paying down debt. The Discover Student Credit Card is an excellent choice for college students seeking cashback credit card benefits. It offers 3% cash back on gas, groceries, and restaurants, 2% on all other purchases, and 1% back on all eligible purchases up to the first $1,500 spent each quarter.
The 1% cash back rewards on the first $1,500 must be used within 90 days of the quarter’s end date. Any rewards earned in subsequent months will not count toward the spending requirement. As of April 2021, the following cash back programs are available:
- Discover Cash Back – 5% cash back in rotating categories each quarter.
- Discover Rewards – 5% cash back in rotating categories each month.
- Discover Student CashBack – 10% cashback in 3 categories each quarter: gas, dining, and shipping.
- Discover Student Rewards – 10% cashback in 3 categories each month: gas, dining, and shipping.
You can get a student credit card in 2022 if you take the time to consider all the options available to you. The Discover it® Student Credit Card is an excellent option because it has some of the lowest rates on record, and the cashback rewards program is tailored to the needs of students. There are plenty of other student credit cards available, however. Narrow down your options, keep track of your spending habits, and apply for a credit card that you know will work with your budget. It will save you money in the long run.
Frequently Asked Questions FAQ
Will I be accepted for a student credit card?
The answer is simple: You will be accepted for a Discover it® Student Credit Card if you meet the following requirements:
- You are a U.S. citizen (U.S. permanent residents aren’t eligible)
- You are enrolled as a full-time student at an accredited institution in the United States, or an international student studying on an F-1 visa (a bachelor’s degree is required)
- You have a valid U.S. Social Security number or Individual Taxpayer Identification Number (ITIN)
- You will be under the age of 25 by the end of the first billing cycle after opening your account.
- Your annual income must be less than $65,000, and your total family income must be less than $150,000
- You must live in the United States as your permanent address.
- You must make all required minimum payments as they come due.
- You must not have outstanding debt from any other credit card issuers.
How many Discover it Student Credit Card accounts can I have at a time?
You can only have one Discover it® Student Credit Card account at a time. If you’re already a customer of this card, you need to close your old account before applying for another one.
Does Discover it Student Credit Card have an annual fee or foreign transaction fees?
This card doesn’t have an annual fee or foreign transaction fees. You can use this card overseas as long as your bank allows it; just remember that you’ll still be responsible for any fees incurred by your bank.
Is it true that Discover student credit cards help you build credit?
Discover student credit cards, when used responsibly, are a great way to build credit while earning cash back rewards on every purchase. Because Discover reports your credit history to the three major credit bureaus, if used responsibly, it can help you build credit. Late payments, delinquencies, and other negative activity on your other credit card accounts and loans may hinder your ability to establish credit. So be sure to use your student credit card wisely, such as paying at least the minimum payment or more on time.
When I graduate, what happens to my Discover student card?
Your student credit card will become a standard credit card once you graduate from college. The cashback program and card design will remain the same. You may also be eligible for a credit line increase to help you manage expenses after school.
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