Review
Discover it® Student Cash Back Review: Great Rewards for Students Building Credit
Looking to build credit while in school? The Discover it® Student Cash Back card offers rotating 5% cash back categories and doubles all your rewards at the end of your first year!
| Annual Fee | $0.00 |
| Sign-up Bonus | Unlimited dollar-for-dollar match of cash back |
| Rewards Rate | 5% cash back on everyday purchases |
| Intro APR | Purchase APR: 0% intro rate for 6 months. Balance Transfer APR: 10.99% intro rate for 6 months. |
| Regular APR | Then 16.49% to 25.49% Standard Variable Purchase APR will apply. Cash Advance APR: 28.49% variable. then Purchase APR applies. |
| Other Fees | Minimum interest charge: $.50. Cash advance fee: greater of $10 or 5% of the advance amount. Balance transfer fee: 3% Intro fee of the amount transferred; 5% fee for future transfers. |
Overview
Pros & Cons
What's great
- No annual fee
- Intro APR period
- Cashback on purchases
- Generous sign-up bonus
- Low credit score requirement
- Rotating bonus categories
Things to consider
- High regular APR
- Limited rewards categories
- High balance transfer fee
Benefits
Drawbacks
Decision Guidance
Summary
The Discover it® Student Cash Back card is a good option for students seeking to build credit while earning rewards. Its strengths lie in the robust rewards program, particularly the 5% rotating categories and the first-year cashback match, as well a...