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Discover it® for Students Credit Card

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Highlights

  • The new Discover it card is out to change the way people think about credit cards.
  • Fair…No annual fee. No over-limit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And we won’t increase your APR for paying late.*
  • Generous…5% cash back in categories that change throughout the year like gas, restaurant, movies, and more up to $1,500 in purchases with free and easy sign-up. And 1% cash back on all other purchases.*
  • Plus a Cashback Concerige who guides a free, personalized online tour to help you get the most rewards for how you use your card.
  • Flexible…Choose your own due date and pay up to midnight ET online or by phone.
  • Human…talk to a real person any time with 100% U.S.-based service.
  • Safe…Because you’ll never pay for unauthorized purchases with our $0 Fraud Liability Guarantee.
  • 0% Intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 12.99% - 18.99%. *Click apply for Terms & Conditions.

Rates & Terms

Purchase Intro APR Regular APR Annual Fee Balance Transfer Period
0% 12.99-18.99% Variable $0 See Terms
  • Purchase Intro Period: 9 months from date of account opening
  • Balance Transfer Intro Rate: See Terms
  • Balance Transfer Rate: 12.99% to 18.99%
  • Cash Advance Rate: 24.99%
  • Late Fee: Up to $35
  • Cash advance Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Balance Transfer Fee: 3% of the amount of each transfer
  • Cash Advance Minimum: N/A
  • Balance Transfer Minimum: N/A
  • Credit Profile: Fair Credit Score

Discover it® for Students Credit Card Review

The Discover It Student Version is the student version of Discover's newly branded "it" line of credit cards.  It's quite similar to the standard Discover It Credit Card in that it has the same cash back system, however, there are some key differences that set it apart.

First and foremost, this is a student credit card. This means you need much less credit in order to get the card, but it also means it doesn't afford the same introductory low purchase APR, and it absolutely doesn't have the reduced balance transfer fee.  However, it still provides 9 months of 0% purchase APR, which is better than most of the other student cards.

Where the Discover It card really shines, however, is the cash back system, which is very lucrative for a student card (compared to the Capital One Journey credit card  or the Citi Platinum Select Visa Credit Card for College Students.  Another great feature of the card is the lack of foreign transaction Fees, which can result in hundreds of dollars in savings if you plan on studying abroad and using your credit card.

In the end, we think this is one of the most competitive student credit cards on the market.  The Discover It for Students credit card provides most of the amenities of the Discover It card in a way that is accessible for students.  As a student looking to build credit, you can't go wrong with this credit card.