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Discover it Student Cash Back Review

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Discover it Student Cash Back
Our Take:

The Discover it Student Cash Back card offers students the chance to build credit, learn good credit building habits, and earn cashback rewards while being incentivized for good grades! What's not to love? Skip to our full review

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  • Highlights:
    • All the cash back you've earned at the end of your first year is matched, automatically
    • 5% cash back each quarter at places like gas stations, grocery stores, restaurants, Amazon.com and more, up to the quarterly maximum ($1,500), each time you activate
    • 1% unlimited cash back on all other purchases, automatically
    • Get paid for grades, with a $20 statement credit each school year your GPA is 3.0 or higher for up to next five years
  • Regular APR
    14.99% - 23.99% variable
  • Annual Fee
    none
    • 300
    • 689
    Fair, Bad, and No Credit
  • Annual Fee
    none
Show additional fees
CardGuru’s Ratings
Cashback Reward
4
Intro APR
3
Purchase APR
4.5
Balance Transfer Fee
4.5
Annual Fee
5
Overall
4.5

Our Review

The Discover it Student Cash Back is a credit card with some enticing rewards for students. In fact, parents can be happy that their children are using a smart credit card that even rewards students for good grades! Whether you’re a student looking to venture out into the world of credit, or a parent looking into options for your new college student, we’re giving all the facts on Discover it Student Cash Back!

What’s not to love about this Discover it card geared at students? First, unlike many cards of this caliber, the annual fee on this card is, well, none. That’s amazing for a card that offers access to people with Fair, Bad, and No Credit. The APR, while above average, isn’t extraordinarily high either at a rate of 14.99% - 23.99% variable. On top of that, it offers these great perks to make any student feel like a VIP:

    • All the cash back you've earned at the end of your first year is matched, automatically
    • 5% cash back each quarter at places like gas stations, grocery stores, restaurants, Amazon.com and more, up to the quarterly maximum ($1,500), each time you activate
    • 1% unlimited cash back on all other purchases, automatically
    • Get paid for grades, with a $20 statement credit each school year your GPA is 3.0 or higher for up to next five years

Whether you're a student who likes dining out or eating in, with the Discover it Student credit card, you’ll be able to have your cake and eat it too. The cherry on top is that you get rewarded for good behavior, and can monitor your credit score like a responsible adult. If you’re a student who wants to build great credit practices and reap awesome rewards, the Discover it Student Cash Back should make a good addition to your wallet.

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Editorial Note:

This content is not provided by Discover. Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Discover.