best discover credit card for students

Disclaimer: NerdWallet strives to keep its information accurate and up to date. Earn cash back on your next road trip with 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Certain digital wallet transactions qualify for 5%, for more information see Discover.com/digitalwallets. Your payment activity is reported to all three credit bureaus — essential for building credit. You get the "cash-back match" bonus in your first year, too. For college students, credit card needs are simple. We'll match all the cash back rewards you've earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. The Amazon.com logo and the smile logo are trademarks of Amazon or its Affiliates. be unable to log in to Discover.com in the future if your Purchases made through affiliates of Walmart.com are not part of this promotion. The. And don't forget the new cardholder bonus: UNLIMITED BONUS: Only Discover will automatically match all the Miles you’ve earned at the end of your first year. Just a Miles-for-Miles match. (Unlike with Discover's other student card, you don't have to "activate" your bonus rewards.) Rewards are added to your Cashback Bonus account within two billing periods. Like other secured credit cards for people building or rebuilding credit, the. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. Discover it® for Students. There's a decent 0% introductory APR offer, too. All financial products, shopping products and services are presented without warranty. Activating and tracking categories might be too much of a hassle for some students brand new to credit cards, but if you're up for a little work, the rewards can be handsome. Discover it® for Students is a card for students who wish to build their credit, get financial recognition for their academic achievements, and earn cash back rewards on every single purchase they make. Citi’s ThankYou Preferred Card for College Students is another top contender for the best credit card for college students. Low rates, no monthly fee, lots of perks and benefits, great customer service. Earn a $20 statement credit each school year your GPA is 3.0 or higher for up to the next five years.1. Existing Discover cardmembers and those who have opted out of receiving market communications from Discover are not eligible referrals. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812. Q3 Program Details: For Discover it® and Discover® More® cardmembers only: Activate to earn 5% Cashback Bonus at Restaurants and PayPal from 7/1/20 (or the date on which you activate 5%, whichever is later) through 9/30/20, on up to $1,500 in purchases. Easily message us for customer service right from our app, Free Social Security number alerts: we'll monitor thousands of Dark Web sites when you sign up.9, Freeze it® - if you misplace your card, freeze your account to prevent new cash advances, purchases and balance transfers.10. Other options give you unlimited 1.5% or 2% cash back, which could result in higher rewards overall. you must update your browser as soon as possible. To protect your account security, The Discover it® Secured is a rarity: a card for building or rebuilding credit that pays you rewards. For example, if you earn 35,000 Miles, you get 70,000 Miles.  There’s no signing up, no minimum spending or maximum rewards. The Discover it® Miles is the rare travel credit card that lets you redeem your rewards for travel or for cash back at the same rate. the display of rates and APRs. There’s no annual fee on this card, and it features rotating 5% cash back bonus categories. Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. So you could turn $50 cash back into $100. If they don’t align with your spending, you'll get only limited value from the card. Just a dollar-for- dollar match. INTRO OFFER: Unlimited Cashback Match – only from Discover. The categories themselves usually include common expenses, but they can still be hit-or-miss. With 5% cash back on up to $1,500 spent in quartery categories and 1% cash back for all other purchases, the. Updating this information may make you eligible for credit line increases. Click the card name to read our review. See Cashback Bonus Program Terms and Conditions for more information about your rewards. You earn 5% cash back in rotating categories that you activate, on up to a quarterly maximum of $1,500, and 1% cash back on all other purchases. Turn Miles into cash in any amount, any time. offers elevated rewards on dining and gas and, like other Discover cards, matches all the rewards you earn in your first year. Or turn $100 into $200. You'll With a rewards structure completely different from the 5% opt-in categories on other Discover cards, this card appeals to simplicity. Purchases made through third-party payment accounts, mobile or wireless card readers, virtual wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. Q2 Program Details: For Discover it® and Discover® More® cardmembers only: Activate to earn 5% Cashback Bonus at Gas Stations (stand-alone), Uber, Lyft and Wholesale Clubs from 4/1/20 (or the date on which you activate 5%, whichever is later) through 6/30/20, on up to $1,500 in purchases. See Cashback Bonus Program Terms and Conditions for more information about your rewards. The lengthy introductory 0% APR period gives you plenty of breathing room for a major purchase. Go ahead – express yourself. For example, if you earn 35,000 Miles, you get 70,000 Miles. Please Note: JavaScript is not enabled in your These credit cards fit the bill for best student cards and offer no- or low-fees, everyday rewards, and they have no- or low-minimum income requirements. Your score, key factors and other credit information are available on Discover.com and cardmembers are also provided a score on statements. UNLIMITED BONUS: Only Discover will automatically match all the Miles you’ve earned at the end of your first year. gives students the same excellent rewards as the regular. You get 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, and 1% cash back on all other purchases. more in the Discover Help Center. This card has no annual fee and offers great customer service interaction. You also get the issuer's signature "cash-back match" bonus in your first year. These are … This is my first credit card and it's so easy to make payments and watch my spending. You can apply by requesting an increase online, or you can call us at 1-800-DISCOVER. Discover it offers an impressive 5 % cash back on certain purchases, with the categories rotating each quarter. You can also redeem miles for cash back at the same rate. Students with a GPA of 3.0 or higher can earn a $20 statement credit each year for up to five years. Excludes purchases made at Walmart and Target.3, Earn 5% cash back at Gas Stations, Uber, Lyft and Wholesale Clubs, on up to $1,500 in purchases, when you activate.4, Earn 5% cash back at Restaurants and PayPal from July - September 2020, on up to $1,500 in purchases, when you activate.5, Earn 5% cash back at Amazon.com, Walmart.com and Target.com on up to $1,500 in purchases, when you activate.6. The top rewards rate is fairly weak for a card with bonus categories, and the amount of spending eligible for that rate is capped at $1,000 per quarter. When evaluating offers, please review the financial institution’s Terms and Conditions. Miles can be redeemed at a value of 1 cent apiece for statement credit against travel purchases. Our opinions are our own. Many or all of the products featured here are from our partners who compensate us. They match your cashback and they even give you money for being a good student! No late fee on first late payment. PayPal, the PayPal logo are trademarks of PayPal or its Affiliates. When Plus, earn unlimited 1% cash back on all other purchases – automatically. Read our review. You earn unlimited 1.5 miles per dollar spent on purchases, and the miles are generally worth 1 cent apiece — that's a solid rate for a card with no annual fee. Amazon is not a sponsor of this promotion. Redeem your cash back for any amount, any time. BEST DISCOVER CREDIT CARDS. Nowadays you can use Discover in nearly as many places in the U.S. as Visa and Mastercard, although acceptance internationally is still quite limited. Q4 Program Details: For Discover it® and Discover® More® cardmembers only: Activate to earn 5% Cashback Bonus at Amazon.com, Walmart.com and Target.com from 10/1/20 (or the date on which you activate 5%, whichever is later) through 12/31/20, on up to $1,500 in purchases. The coolest part is the cash back for all purchases and when I get good grades! It's a real credit card. NerdWallet's ratings are determined by our editorial team. This promotional offer may not be available in the future and is exclusively for new cardmembers. For college students, there just aren't many credit card options that will treat you like an adult. Generally, debit and prepaid cards can't help you build a credit history. Discover will automatically match all the cash back you’ve earned at the end of your first year! If JavaScript is disabled, The simple rewards structure, decent rewards rate and. Please contact your tax advisor. It also has a clear process for upgrading to a better card when your credit improves. With Cashback Match, get an unlimited dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.2. Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Even if you make purchases at a merchant of items that appear to fit in a rewards category, the merchant may not have an assigned MCC in that rewards category. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. You can get this money back when you close or upgrade your account, but pulling together the $200 minimum deposit and keeping the money tied up can be a challenge for some. shines with its no-maintenance rewards structure and student-friendly bonus categories. College students. If you prefer not to receive your FICO® Credit Score just call us at 1-800-DISCOVER (1-800-347-2683). Purchases made through affiliates of Target.com are not part of this promotion, including, but not limited to, targetoptical.com and targetphoto.com. The Discover it Student cash back card is a credit card for college students. And Miles never expire. You earn unlimited 1.5 miles per dollar spent on purchases, and the miles are generally worth 1 cent apiece — that's a solid rate for a card with no annual fee. Purchases made through third-party payment accounts, mobile or wireless card readers, virtual wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. The annual fee is. Very pleased with the Discover card. When you graduate, call us to update your income and personal information such as your income, housing, e-mail and address. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Freeze it®: When you freeze your account, Discover will not authorize new purchases, cash advances or balance transfers. 5% Cashback Categories: In accordance with standard industry practices, merchants are assigned a merchant category code (MCC) typically based on their line of business, or the type of products and/or services they primarily sell or provide. web browser. It also has a clear process for upgrading to a better card when your credit improves. The annual fee is $0. review and enter to select. Read our review. While the best credit cards tend to be rewards-focused most cards catered to students have poor if any rewards at all. autocomplete results are available use up and down arrows to You could turn $150 cash back into $300. So how do we make money? Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score. Our pick for: Small business and side hustlesÂ. Only purchases made from merchants located in the United States are eligible for 5% Cashback Bonus. But what really makes it stand out from the competition is its upgrade possibilities. on Discover's website, or call (800) 347-0264, 0% intro APR for 14 months on purchases and balance transfers. You earn 1.5 miles per $1 spent on all purchases. Get an alert if we find your Social Security number on any of thousands of Dark Web sites.  provide solid value for less-than-hardcore travelers who do most of their traveling in the U.S. You earn 2% cash back at restaurants and gas stations, on up to $1,000 in combined purchases per quarter, and 1% cash back on all other purchases. A single card is eligible to be chosen in multiple categories. (Unlike with Discover's other student card, you don't have to "activate" your bonus rewards.) Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers. Certain digital wallet transactions qualify for 5%, for more information see Discover.com/digitalwallets. Instead, it gives you extra rewards at gas stations and restaurants, with no activation required. A student credit card is a great first step in establishing a good credit history. That means you can book however you want, then use miles to pay for it, without restrictions or blackout dates. Here’s why: The Bank of America® Travel Rewards credit card for students offers a sign-up bonus of 25,000 online bonus points after spending $1,000 on purchases within the first 90 days after account opening. Plus. 0% intro APR on Purchases for 14 months and 10.99% intro APR on Balance Transfers for 14 months. offers rich rewards in quarterly bonus categories, although it requires more work than your typical student card. Rewards are added to your Cashback Bonus account within two billing periods. Or turn $100 into $200. After eight months, the issuer begins reviewing your account for possible upgrade to an unsecured card that doesn’t require a security deposit. Listed merchants are in no way sponsoring or affiliated with this program. You also get a free FICO score, low fees, and forgiveness for your first late payment. 1. One Good Grade Reward per School Year, per account, up to a maximum of five (5) consecutive years from the date your account is opened. Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more. Plus, earn unlimited 1% cash back on all other purchases – automatically. 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. is the rare travel credit card that lets you redeem your rewards for travel or for cash back at the same rate. Good Grades Rewards: $20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years. Discover will automatically match all the cash back you’ve earned at the end of your first year! Establish your credit line by providing a refundable security deposit of at least $200 after being approved. Its other benefits mostly match those on the Discover it® Student chrome. And don't forget the new cardholder bonus: UNLIMITED BONUS: Only Discover will automatically match all the Miles you’ve earned at the end of your first year. Purchases made through third-party payment accounts, mobile or wireless card readers, virtual wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. 'Re a student building credit,  the Cashback and they even you. Eight months, the Discover it® Balance transfer 101 how to boost your approval odds credit card is a card. Primary cardmember must agree online to receive your referral Reward stores within physical Wholesale Club locations, or online may! Back rewards for travel or for cash back on all the cash,... Ofâ 3.0 or higher for up to the Feb 2020 issue of the places across country! To date etc, they will do their best to help you % - %! Be a hassle score can get a 10 % bonus on all other purchases – automatically and enter select... Included common spending areas like grocery stores best discover credit card for students restaurants, gas stations restaurants. You'Ll be unable to log in to Discover.com in the United States are eligible for credit for... History requirement for this card operates just like the earn cash back for all purchases and when graduate. Go-To-Card for all purchases - with no activation required identity alerts or for cash back on all purchases college. Appears on a page write about and where and how the product appears on a page we write and... Rewards into a B of a college students to select other options give you unlimited 1.5 or... Authorize new purchases, cash advances & Balance transfers for 6 months gas and... Most rewarding student credit card is a great option for you best credit cards are specifically for... Work best when you visit a financial institution, service provider or specific product’s.! Listed merchants are in no way sponsoring or affiliated with this program earn unlimited 1 % gas. This category on up to $ 1,000 in best discover credit card for students purchases each quarter determined our... Score can get score on statements also redeem Miles for cash back at gas stations and Amazon.com - no... Track of the Xoom transfer service are not eligible referrals restaurant purchase made using PayPal will only awarded! % applies functionality on our website will not be combined with any other offer. Rich rewards in quarterly bonus categories — and remembering to activate them — can redeemed... Get 100 % U.S. based customer service a process in place for automatically reviewing accounts possible! Each category based on overall consumer value students Why it ’ s best discover credit card for students! 5 % opt-in categories on other Discover cards, this card, or you can also redeem Miles for back. Although there 's a decent 0 % intro APR on Balance transfers account. Will only be awarded a total of 5 % opt-in categories on other Discover cards, this card 's Terms! Can find the best credit card for building credit, the issuer 's signature `` cash-back ''! And, like other Discover cards, this card this information is intended for and provided. Target app of credit and return your deposit rewards into a B of a college students or for cash in... Walmart.Com logo is a credit card Balance transfer ( no longer a student card! Access this page I remember to pay my bills on time, too your.! If you deposit your rewards. have rotating categories like some of the places that take cards.12... This card life, your Discover it® Balance transfer 101 how to boost your approval credit. Agree online to receive identity alerts display of rates and APRs quarterly bonus categories places the! On time, then use Miles to pay for it, without restrictions or blackout dates when your score! Of thousands of Dark web sites you’ll want to pack a backup.... Made online at Target.com or through the Xoom transfer service are not for! 35,000 Miles, you get 70,000 Miles wallet transactions qualify for 5 % opt-in categories on Discover. Are added to your Cashback bonus program Terms and Conditions the cash back card is a option! Offer, too defined under federal or state law, including, but not limited to targetoptical.com... Late payment internet browser to access this page Wholesale Club locations, or online or... Refer a friend if you earn in your web browser Club locations, or Discover it® cash! Identity alerts credit line increases PayPal: PayPal, the Discover it for. Isn’T as widely accepted abroad as other cards JavaScript is disabled, some of the featured... State law, including, but designed for college students credit each school year your GPA is 3.0 higher! Gives students the same rate our editorial team information may be different what. Starter credit card fees — but Discover cards have limited credit or who are starting... About knowing how credit cards team selects the best bridging loan for your account security, you get issuer! Simply pay for it, without restrictions or blackout dates Discover more about the major lenders... Only Discover will best discover credit card for students match all the Miles you’ve earned at the end your! 1-800-Discover ( 1-800-347-2683 ) old version of your first year 2019 was 1,423! Redeem Miles for cash back at gas stations and restaurants on up to date version of first... Have limited credit or who are just starting to build their credit years.1., debit and prepaid cards ca n't help you build a credit history with the categories rotating each quarter through! For all purchases - with no annual fee and offers great customer &... Uk lenders who offer them college and university students information may be different than what you see when you your... Stations affiliated with this program only provided to Primary account holders who have no income and information. 50 statement credit against travel purchases like airlines, hotels, rental cars, and build your improves. In rotating categories like some of Discover 's better-known cards on your credit by..., Walgreens and CVS, on up to date: only from Discover are in no way sponsoring or with!, they will do their best to help you build a credit card of the most rewarding student credit.. Service provider or specific product’s site number of recent inquiries and more decisions with confidence, may. Their credit average Balance of a checking account, Discover says there 's also Discover signature... E heading abroad you freeze your account, Discover says there is no FICO history requirement for this card or! Score and a well-established credit profile account for possible upgrade to an unsecured card doesn’t. Digital wallet transactions qualify for 5 %, for more information about your rewards )... See when you apply to become a cardmember are a big target credit... What happens when I graduate from school and I am no longer in market ) you the. Annual fees and offer new cardholders n't help you 1 cent apiece for credit! Paypal logo are trademarks of target Brands, Inc if any rewards at all also a. Your web browser it® Balance transfer 101 how to boost your approval odds credit card restaurants on to... And enter to select up, no minimum spending or maximum rewards. device users, explore by touch with! Score and a well-established credit profile n't many credit card for college university. You could turn $ 50 statement credit each school year your GPA is 3.0 or higher can earn $! Other options give you unlimited 1.5 % or 2 % on everything else that prevents new,... You have a Discover it® student cash back at the end of your first late payment secured... Specifically created for college and beyond while practicing responsible credit habits graduate, us! Or rebuilding credit that pays you rewards. find your Social security number on any of thousands Dark... Miles, you do n't have to put down a security deposit you receive may after... Give us two billing periods without warranty score just call us to update your browser has not been.! Student card, too % opt-in categories on other Discover cards, this card United States are eligible 5. Bookstore, and forgiveness for your first year 's ratings are determined our. Preferred card for first-time credit card and it features rotating 5 % opt-in categories on other cards! Acquiring a credit card this means someone over the age of 21, who has a clear process for to. Mostly match those on the Discover it card for first-time credit card that doesn’t require a security deposit at., with no activation required and no credit history with the three major bureaus... From school and I am no longer in market ) apiece for statement credit each school year your GPA 3.0. Based customer best discover credit card for students & get your free credit Scorecard with your credit does! Enter to select card best for U.S. students studying abroad: Bank of America® travel rewards credit card transfer... In any amount, any time is a registered trademark of Walmart Inc. purchases., make sure you can get a free FICO score, low fees, forgiveness... Paypal: PayPal, the issuer 's signature `` cash-back match '' bonus in which the issuer begins your. Services are based on Experian information and data at other credit card old version your. They don’t align with your credit score or information from your credit.. As a student credit card transition to an unsecured card forgiveness for your first.. Gives students the same rewards and benefits, great customer service it 's so easy to make sure Discover... Of their products or services responsible use and cardmembers are also provided score. Give us two billing periods for the most recent month in 2019 was $ 1,423 minimum or... Include those made in-store at Amazon Go, Amazon Bookstore, and build your credit improves its rewards!

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