Are you a college or Universty student searching for a way to earn some extra cash while you study? Find no further than the Discover it Student Cash Back Credit Card. This credit card is designed specifically for college students who are wanting to earn rewards while they learn.
In this article, we’ll dive deeper into the Discover it Student Cash Back Credit Card, exploring its benefits, rewards program, and fees. We’ll also cover how you can use this credit card to manage your finances as a college student.
Discover it Student Cash Back Credit Card: An Overview
The Discover it Student Cash Back Credit Card is a cash back credit card designed specifically for college students. It offers cash back rewards on all purchases along with many other benefits that suit the needs of college students.
One of the biggest benefits of the Discover it Student Cash Back Credit Card is its cash back rewards program. With this program, you can earn 5% cash back on purchases up to $1,500 each quarter in rotating categories. These categories might include things like gas stations, restaurants, or grocery stores.
In addition to the rotating categories, the Discover it Student Cash Back Credit Card also offers 1% cash back on all other purchases. There’s no limit to the cashback you can earn, and your rewards never expire.
Another benefit of the Discover it Student Cash Back Credit Card is that it offers a free FICO credit score on your monthly statement. This can be a great way to keep track of your credit score and monitor your credit health.
Finally, the Discover it Student Cash Back Credit Card has no annual fee and no foreign transaction fees, making it a great choice for college students who are finding for a credit card with no hidden costs.
Rewards Program
The rewards program offered by the Discover it Student Cash Back Credit Card is one of its biggest selling points. As we mentioned earlier, you can earn 5% cash back on purchases up to $1,500 in rotating categories each quarter. These categories change every three months and can include things like gas stations, restaurants, or grocery stores.
Apart from rotating categories, you can also earn 1% cashback on all other purchases. There’s no limit to the amount of cash you can earn, and your rewards never expire.
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One of the unique things about the Discover it Student Cash Back Credit Card’s rewards program is that at the end of your first year, Discover will match all cash back you earn. This means that if you earned $100 cash back during the year, Discover will match that $100, giving you a total of $200 cash back.
Benefits for College Students
The Discover it Student Cash Back Credit Card is designed keeping college students in mind, and offers a range of benefits to suit their needs. Some of these benefits include:
Good Grades Reward: With the Discover it Student Cash Back Credit Card, you can earn a $20 statement credit each school year your GPA is 3.0 or higher for the next five years.
Free FICO Credit Score: The Discover it Student Cash Back The Credit Card provides a free FICO credit score on your monthly statement. This can be a great way to keep track of your credit score and monitor your credit health.
0% Intro APR: The Discover it Student Cash Back Credit Card offers 0% intro APR on purchases for the first six months. This can be a great way to finance a large purchase, such as textbooks, without incurring any interest charges.
No Annual Fee: The Discover it Student Cash Back Credit Card has no annual fee, which means you can use it to earn cash back without worrying about any hidden costs.
Fees
While the Discover it Student Cash Back Credit Card offers many benefits to college and University students, It is important to be aware of the fees associated with the card. Here are some charges to be aware of:
Late Payment Fee: If you miss a payment or are late, you may be subject to a late payment fee of up to $40. Making payments on time is important to avoid these charges.
Cash Advance Fee: If you use your credit card to obtain a cash advance, you may be subject to a cash advance fee of $10 or 5% of the advance amount, whichever is greater.
Balance Transfer Fee: If you want to totransfer a balance from another credit card to your Discover it Student Cash Back Credit Card, You may be subject to a balance transfer fee of either $5 or 3% of the amount of the transfer, whichever is greater.
Foreign Transaction Fee: While the Discover it Student Cash Back Credit Cards do not charge foreign transaction fees, it is important to know that other credit cards may charge fees for purchases made outside the United States.
Managing Your Finances as a College Student
The Discover it Student Cash Back Credit Cards can be a great tool for managing your finances as a college student. Here are some few tips for using your credit card responsibly:
Make Payments on Time: It is important to make your credit card payments on time to avoid late payment fees and damage to your credit score.
Stick to a Budget: Set a budget for your credit card spending and stick to it. Do not spend more than your capacity at the end of the month.
Use Your Rewards Wisely: Use your cash back rewards to pay off your credit card balance or save for future expenses.
Monitor Your Credit Score: Keep track of your credit score and work to improve it over time. This can help you qualify for better credit card offers and other financial products in the future.
Conclusion
The Discover it Student Cash Back Credit Card is a great option for college and University students who are searching to earn rewards while they learn. With its cash back rewards program, benefits for college , university students, and no annual fee, it’s a great choice for everyone who wants to manage their finances responsibly.
Just be sure to use your credit card wisely and pay on time to avoid fees and protect your credit score. With these tips in mind, you can use the Discover it Student Cash Back Credit Card to earn while you learn and build a strong financial future.
Questions and their Answers About Earn While You Learn: A Deep Dive into the Discover it Student Cash Back Credit Card
Q: What is the Discover it Student Cash Back Credit Card?
A: The Discover it Student Cash Back Credit Card is a credit card specifically designed for students who are finding to earn cashback rewards on their purchases while building their credit history.
Q: What kind of rewards can I earn with this card?
A: Cardholders can earn 5% cashback on rotating categories every quarter (up to a quarterly maximum each time you activate) and 1% unlimited cashback on all other purchases.
Q: What are some of the rotating categories for cashback rewards?
A: Rotating categories can include things like gas stations, grocery stores, restaurants, and Amazon.com shopping.
Q: Is there a limit to the amount of cashback rewards I can earn?
A: There is no limit to the cashback rewards you can earn, and your cashback rewards never expire.
Q: Are there any fees associated with this credit card?
A: There are no annual fees,no late payment fees for your first late payment,and no foreign transaction fees.
Q: Does this card offer any perks or benefits?
A: Yes, the Discover it Student Cash Back Credit Card offers a variety of perks and benefits, fraud protection, including free access to your FICO credit score, and an introductory APR of 0% for the first 6 months on purchases.
Q: Can I use this card to build my credit history?
A: Yes, this credit card can help you build your credit history and improve your credit score over time by responsibly making timely payments and keeping your balances low.
Q: How do I apply for the Discover it Student Cash Back Credit Card?
A: You can apply for this credit card online or by calling Discover’s customer service line. You must submit personal information and proof of income or a co-signer for approval.
Q: Does the Discover it Student Cash Back Credit Card offer any special benefits for students?
A: Yes, It credit card offers a $20 statement credit each year for students who maintain a GPA of 3.0 or higher.
Q: Is there a penalty for making a late payment?
A: Credit Card is no late payment fee for your first late payment, subsequent late payments may result in a fee of up to $40.
Q: Can I use this card outside of the United States?
A: Yes, this credit card can be used anywhere that accepts Discover cards, including outside the United States. However, foreign transaction fees may apply.
Q: How long does it take to receive the card once approved?
A: If it approved, you should receive your Discover it Student Cash Back Credit Card within 7-10 business days.
Q: Can I use my cashback rewards to pay my credit card bill?
A: Yes, you can use your cashback rewards to pay for purchases or to apply to your credit card bill payment.
Q: Is there a limit to how much cashback I can earn in the rotating categories each quarter?
A: Yes, there is a quarterly maximum for 5% cashback rewards in rotating categories. However, after reaching the quarterly maximum, you can still get 1% unlimited cashback on all other purchases.
Q: Is there a balance transfer option with this credit card?
A: Yes, you can transfer balances from other credit cards to the Discover it Student Cash Back Credit Card. However, balance transfers may be subject to fees and may not qualify for the introductory 0% APR offer.
Q: Can I add an authorized user to my account?
A: Yes, you can add an authorized user to your account. However, you are responsible for any charges made by the Authorized User, and their purchases will count towards your credit limit.