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Discover Student Cash Back is a credit card for students who want to build their credit history while benefiting from an attractive rewards program.
It offers 5 cashbacks in categories that change quarterly, including supermarkets, gas stations, restaurants and online shopping.
Earn cashback on all other purchases up to $1,500 in eligible quarterly spending (with activation).
In addition, this card includes a double cash back promotion for the first year only, where Discover automatically doubles all rewards earned by new cardholders.
With no annual fee and free access to your FICO score, the Discover Student Cash Back is a great option for students who want to learn about financial management and enjoy benefits when spending their money.
Although the rotation category must be enabled manually and its use abroad is restricted, this card is a powerful tool for young people to start their financial journey responsibly.
Discover Student Cash Back
5% cash back No annualHow Discover Student Cash Back works?
Discover Student Cash Back offers 5% cash back on up to $1,500 in eligible quarterly spending in quarterly rotating categories, including supermarkets, restaurants, gas stations and popular Masu online stores.
To take advantage of this benefit, cardholders must manually enable the category each quarter via the Discover app or website. You will receive 1 unlimited cashback on purchases outside these categories.
Cardholders can redeem the accumulated cash back in a variety of ways, including statement credits, gift cards and online purchases with Discover partners.
The 2x cashback promotion in the first year automatically doubles all rewards collected by new users, with no additional activation required.
Being aimed at students, this card also offers educational benefits such as payment reminders, financial tools and free access to FICO scores to help young people develop good credit habits.
Main benefits of Discover Student Cash Back
The 5% cashback reward structure on rotating categories is the main attraction of Discover Student Cash Back, allowing cardholders to maximize their returns by planning strategic spending in popular categories.
The 2x cash back bonus in the first year is another great benefit that makes this card especially advantageous for new cardholders. For example, if a student earns $100 cash back in the first year, Discover will double that amount, totaling $200.
Plus, this card has no annual fee, making it perfect for students who need to manage fixed costs.
It also includes benefits such as fraud protection, automatic reminders to avoid late fees and access to your FICO score to encourage good financial practices from an early age.
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Cons of Discover Student Cash Back
Despite its benefits, Discover Student Cash Back has some limitations. The 5% cash back with category rotation is limited to $1,500 spent per quarter, and categories must be activated manually, which can be a hassle for some users.
Another thing to consider is that this card doesn’t offer any specific benefits for international purchases and Discover is restricted for use outside the United States.
This can be a problem for students traveling internationally or shopping on foreign websites.
Finally, this card focuses on building credit and simple perks, so it doesn’t include additional perks such as travel insurance or extended purchase protection.
APR and fees
Discover Student Cash Back offers 0% APR on purchases for 6 months. This is perfect for students who want to finance their first purchase interest-free.
After this period, the variable annual percentage rate is between 17.24% and 6.24% depending on the cardholder’s credit history.
The card has no annual fee, which is a great advantage for students who are just starting to manage their finances.
There are also no international transaction fees, which is convenient for those who occasionally make purchases outside the United States.
Discover also offers young people an educational advantage, as it doesn’t charge fines for late first payments. However, subsequent delays may incur fees and negatively impact your credit rating.
How to apply for the Discover Student Cash Back
You can apply for Discover Student Cash Back online on the official Discover website.
The process is simple and requires basic information such as name, address, annual income and education. A good credit history is not required, which makes it accessible for beginners.
Once approved, a physical card will be sent to your registered address, while a digital version can be used immediately for online purchases or through digital wallets such as Apple Pay or Google Pay.
The cards are managed via the Discover app. The app offers features such as activating rotating categories, monitoring your transactions, checking your accumulated cashback balance and accessing your FICO score.
