Credit Cards » Credit Card Reviews » Discover It Student Cash Back Card Review 2021
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Discover It Student Cash Back Card Review 2021

The card is ideal for clients starting their credit journey and wish to earn up to 5% cashback rewards including match bonus for the first year

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Table of Contents

Discover It Student Cash Back is a credit card designed for students alone. It is one of the best products for those in higher institutions in the US. It is ideal for clients starting their credit journey and wish to earn cashback rewards. Customers are liable to claim a  5% cashback on groceries, cafes, restaurants, gas stations, and purchases via Paypal. You can also claim this cashback on online stores like Amazon while you gain 1% cashback on every other purchase.

There is a match bonus on all cash backs after your first year. The card is widely accepted across the US, and it offers a series of benefits, including good grade rewards for students with a Cgpa of 3.0 and higher. These clients are liable to claim a $20 statement credit. 

You have the chance to freeze your account in emergencies like theft, to avoid unauthorized transactions. Discover It Student Cash Back has a mobile application downloadable on the Apple store for iPhone users and the google play store for android. Clients can manage their accounts effectively via the software and redeem cash backs. 

Discover It Student Cash Back

On Discover Secure Website

Rewards Plan

1-5% cashback

Sign up Bonus

Match Bonus for the first 12 months

0% Intro

0% intro APR for six months

PROS

CONS

APR

12.99% - 21.99%

Annual Fee

$0

Balance Transfer Fee

%5

Credit Requirements

No Credit – Poor

Also, you can reach out to 24/7 customer service. As your due date approaches, you may receive e-mail alerts and text messages to avoid late payments. 

   There is a rotation in bonus rates and purchase categories at the end of every quarter, which requires clients to sign up to claim them. You may earn up to $300 per year from these bonuses. There is a chance to increase your credit line after graduation based on creditworthiness. You are allowed to continue using the card post-graduation, with the same rewards and benefits. 

Card & Issuer Reputation

  • 3.9/5  on WalletHub customer reviews (+500 reviews): WalletHub customer reviews allow customers to post positive, negative, or neutral reviews about marketplace experiences.
  • 4.8/5 on Official Card Website customers reviews ( +1,700 reviews): Customers can express their opinion on the official card website. It reflects the overall measurement of reviewer satisfaction, represented numerically from 1 to 5.
  • 837/1000 on J.D Power: Discover got 837 out of 1000 available points, ranks 2nd on J.D. Power credit card satisfaction survey , higher than industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

In order to avoid bias based on a small number of reviews, we present only ratings with at least 200 reviews.

Advantages

Let’s take a look at the advantages of this card and see if it’s the right one for your wallet or not.

Discover It Student Cash Back does not require a minimum credit score or your credit history. The focus is on your educational qualification, personal and financial information. It is ideal for a first-time credit card.

This product offers one of the best features in a student's credit card. There are rotating bonuses at the end of each quarter of the year for different purchase categories. Customers are liable to 5% cashback during the final quarter on grocery shopping, eating at restaurants, and purchases from Amazon. There is a good grade reward of $20 statement credits per year up to five years on campus. 

You have the chance to freeze your account, which means to halt transactions. This feature activates within seconds and may help your card is lost or stolen to prevent fraudulent activities. However, the freeze option does not interfere with already programmed transactions like recurring payments or delayed purchases. 

Discover It Student Cash Back has a variable APR of 12.99% to 21.99%, which falls within most student cards' average rate. 

New clients are introduced to a 0% intro rate on all transactions and a 10.99% intro rate for balance transfers, all within the initial six months of joining. This feature may give customers the time to repay school-related debts and make some financial adjustments. Also, it eases them into paying the regular rates. 

The mobile app allows you to oversee all transactions in your account conveniently and within your home's comfort. The software will enable you to make payments, purchases and converse with customer service representatives. You will also get notifications anytime your Social Security Number has been compromised and used for unauthorized dealings. Discover It Student Cash Back protects customer information by monitoring the dark web and guarding against breaches.

Disadvantages

Let’s take a look at the disadvantages of this credit card and see if it’s the right one for your wallet or not.

A few student cards are open to foreigners, so; it is not much of a surprise that Discover It Student Cash Back isn't one of them. Here, clients must register as US citizens with their Social Security Numbers. The card is operational everywhere in America. 

The card has no foreign transaction fees; however, it can't be used in most places outside the US. It is not advisable to travel with this product as it may not be accessible in foreign locations.

Application Process

Visit the Discover It Student Cash Back website and click on “Apply Now” to start the process. 

Pick a design for your product and scroll down to fill in your personal information. You will fill in your name, date of birth, address, phone number, e-mail, social security number (SSN), citizenship, year in college, graduating year, gross income, rent and bank accounts.

Scroll down to fill in all your details and click “Next” to continue.

Read all the terms and conditions, including interest rates and charges. Scroll down and tick both boxes if you agree. Proceed by clicking “Submit.”

Please be patient. You will be requested to wait for a minute or less – please keep the site open while waiting. Once the sixty seconds countdown is over, you will be given a phone number and a reference number. Follow the instructions and place a call to complete your order. 

Is the Discover It Student Cash Back Card Right for You?

Discover It Student Cash Back is ideal for students with limited or no credit history. The introductory rates and average APR for student cards make it a good starting point for first-timers. Rotating bonuses at the end of each quarter, all year round, require students to enroll before claiming them.

Customers that are willing to put in work will reap maximum benefits. Discover It Cash Back has most of the top-notch features of a student card with exciting rewards to be won. This product is not for international students because you will need your US citizenship and Social Security Number (SSN).

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.