In order to determine the rewards potential of the Discover it® Student Cash Back card, Forbes Advisor used a number of reputable sources to determine what the typical college student spends in a year. When the account is closed or after 18 months of no use, any remaining reward balances are credited to the account. Rewards earned with the Discover it® Student Cash Back card may be redeemed in any amount at any time as a statement credit or deposit and do not expire. To earn 5% cash back in quarterly rotating categories capped at $1,500 spent per quarter, cardholders must activate the category.ĭiscover’s cash-back match doubles all rewards earned at the end of the first year automatically, so maxing out each quarter’s rewards would be advisable if possible during the first year of card ownership. The unlimited 1% cash-back rewards rate offered by the Discover it® Student Cash Back card is automatically earned on all purchases. For this reason, finding a student card on the Visa or Mastercard payment networks could be advisable. One important thing to keep in mind when shopping for credit cards as a student who plans to study abroad is that while the Discover it® Student Cash Back card has no foreign transaction fees, Discover may not be as widely accepted outside the U.S. There's no minimum spending or maximum rewards-so with a doubled first-year reward return, the cash back earned with this card might not be so shabby if leveraged well. With Discover’s Unlimited Cashback Match - Discover will automatically match all the cash back earned at the end of the first year. After the rewards category caps out, any additional spending earns the same as all other purchases: unlimited 1% cash back. These bonus categories must be activated and have some additional limitations-like that “online shopping” may actually mean only, or. What’s not so nice is the $1,500 quarterly cap. With elevated earnings in quarterly rotating categories, the Discover it® Student Cash Back card does offer some nice looking rewards. While it won’t necessarily churn out the rewards and benefits in the same way as cards for more established credit profiles, the Discover it® Student Cash Back card is a great way to build a financial reputation that will allow an eventual graduation to more rewarding cards. The Discover it® Student Cash Back card has a number of great perks. Click through to Discover’s website to see terms and conditions.0% intro APR on purchases for 6 months, then the standard variable purchase APR of 17.99% – 26.99% applies.No annual fee and build your credit with responsible use.
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. INTRO OFFER: Unlimited Cashback Match – only from Discover.
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