Discover it Student Cash Back Credit Card Review | CompareCredit

Discover it® Student Cash Back review

By Thomas Donaldson

Discover it® Student Cash Back

(43 reviews)

  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Dollar-for-dollar match of all cash back earned the first year
  • Up to $100 in statement credits – $20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years
  • $0
  • Fair, New to Credit
  • Discover
Product Details
  • Click "APPLY NOW" to apply online
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Good Grades Rewards: $20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years.
  • No annual fee. No late fee on first late payment. No APR change for paying late.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Freeze It® on/off switch for your account that prevents new purchases, cash advances & balance transfers in seconds.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 12.99% - 21.99% applies.

Our Expert Review

Why We Like It


Offer Rating

5/ 5

By Our Editorial Team

Key Benefit

Earn cash back and build credit with the card specially designed for students.

Editor

The Discover it® Student Cash Back credit card comes packed with perks rewards specially designed for students. Just like the popular Discover it® Cash Back credit card, this card comes with a generous rewards rate: Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically. On top of that, Dollar-for-dollar match of all cash back earned the first year. There's no signing up. And no limit to how much is matched.

One of the things that makes this stand out among other credit cards for students is that Discover will reward you for being a student with Good Grades Rewards: $20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years. That's up to $100 in statement credits just for being a good student! This card also comes with no annual fee, no foreign transaction fees, no late fee on first late payment and no APR change for paying late.

Discover is widely praise for going above and beyond for their cardholders. For example, with the Discover it® Student Cash Back you'll enjoy 100% U.S. based customer service, a free Credit Scorecard with your FICO® Credit Score, and alerts if Discover finds your Social Security number on any of thousands of Dark Web sites.* All in all, this card is a great fit for students looking to build their credit and earn cash back at the same time!

Pros & Cons

Pros

  • Get up to $100 in statement credits for being a good student with Good Grades Rewards
  • Dollar-for-dollar match of all cash back earned the first year
  • No annual fee, no foreign transaction fees and award-winning customer service

Cons

  • There is a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
  • A quarterly cap on the 5% cash back applies

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