Ibrahim Gardner
Discover Card is accepted at millions of places worldwide and does not charge any foreign transaction fees. The Discover it® Student Cash Back Card has no annual fee and offers generous cash-back rewards, making it a great option for students travelling or studying abroad. However, it's worth noting that Discover's acceptance abroad is more limited compared to Mastercard and Visa, so it's recommended to carry another form of payment as backup.
| Characteristics | Values |
|---|---|
| Annual fee | $0 |
| Foreign transaction fee | $0 |
| Cash advance fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Minimum interest charge | $0.50 |
| Standard purchase APR | x% to x% variable, based on creditworthiness |
| Cash APR | x% variable |
| Intro purchase APR | x% for x months from the date of account opening |
| Intro balance transfer APR | x% for x months from the date of first transfer |
| Ongoing APR | 17.24%-26.24% variable APR |
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What You'll Learn
Discover it® Student Card has no annual fee
The Discover it® Student Card has no annual fee, making it an excellent option for students looking to build their credit history. This no-fee card offers generous cash-back rewards, with an unlimited cashback match for new cardmembers. Discover will automatically match all the cash back you earn at the end of your first year, with no minimum spending or maximum rewards. This means that $50 cash back can turn into $100, and $100 cash back can turn into $200.
The Discover it® Student Card offers an introductory purchase APR of 0% for the first six months, followed by a variable standard purchase APR of x% to x%, depending on your creditworthiness. It also provides a low intro balance transfer APR of x% for the first x months, and a variable cash APR of x%. The minimum interest charge is $0.50, and there is no late fee for the first late payment.
One of the standout features of the Discover it® Student Card is its lack of foreign transaction fees. This makes it a convenient option for students who plan to travel outside the US or make international purchases. The card can be used at millions of places worldwide, and cardmembers earn cash back rewards on all eligible purchases, including foreign transactions. Discover does not charge any conversion costs, making it a cost-effective choice for international use.
However, it is important to note that Discover's acceptance abroad is more limited compared to Mastercard and Visa. Therefore, it is recommended to carry another card as a backup when travelling internationally. Additionally, Discover uses its own exchange rate, which may be lower than that of other credit card companies.
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The card offers a low intro APR
The Discover it Student Card is a great option for students with no credit history who want to build their credit score. The card offers a low intro APR of 0% on purchases for the first six months and a 10.99% intro APR on balance transfers for the first six months. After this introductory period, the ongoing APR is 17.24% to 26.24% variable, depending on your creditworthiness.
The Discover it Student Card has no annual fee, which makes it an attractive option for students who want to start building their credit without incurring high costs. In addition to the low intro APR, students can benefit from the card's generous cash-back rewards. Cardholders can earn 5% cash back in categories that change every three months, on up to $1,500 in spending per quarter when they activate, and 1% back on all other purchases. Discover will automatically match all the cash back earned at the end of the first year, with no minimum spending or maximum rewards.
One of the standout features of the Discover it Student Card is its lack of foreign transaction fees. Students who plan to travel internationally or make purchases from overseas sellers can use their card without incurring additional charges. This makes it a convenient option for students studying abroad or making online purchases from foreign merchants. Discover Cards are accepted at millions of places worldwide, providing students with a secure and cost-effective way to make purchases during their travels.
However, it's important to note that the acceptance of Discover Cards abroad is more limited compared to Mastercard and Visa. Students planning to travel internationally may want to carry an additional card as a backup option to ensure they have a widely accepted form of payment. Additionally, while Discover does not charge foreign transaction fees, they use their own exchange rate, which may be lower than that of other credit card companies like Visa or Mastercard.
Overall, the Discover it Student Card offers a low intro APR, generous cash-back rewards, and the convenience of no foreign transaction fees. It is a solid choice for students looking to build their credit and manage their finances effectively during their studies.
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There are no foreign transaction fees
The Discover it Student Card does not charge an annual fee, and it offers a low intro APR. The card has no foreign transaction fees, making it a good option for students who plan to travel outside the U.S.
Discover Card is accepted at millions of places worldwide, allowing students to use their card when travelling internationally. Students can benefit from the card's cash-back rewards, with 5% cash back in categories that change every three months and 1% back on all other purchases.
While Discover Card does not charge foreign transaction fees, it is important to note that its acceptance abroad is more limited compared to Mastercard and Visa. Students considering the Discover it Student Card for international travel should research the card's acceptance in their destination countries.
Additionally, when making purchases in a foreign currency, it is generally advisable to pay in the local currency. This is because merchants may charge an additional fee for dynamic currency conversion (DCC), which converts the foreign currency rate to the cardholder's local rate. By paying in the local currency, cardholders can avoid potential extra charges associated with DCC.
In summary, the Discover it Student Card is a good option for students travelling abroad, as it does not charge foreign transaction fees. However, students should be aware of the card's limited acceptance in some countries and consider carrying an alternative form of payment as a backup.
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The card is accepted at millions of places globally
The Discover it Student Card is a great option for students with no credit history who want to build credit at a minimal cost. The card has no annual fee, offers a low intro APR, and provides generous cash-back rewards. On top of the rewards, students get a free FICO score, low fees, and forgiveness for their first late payment.
One of the standout features of the Discover it Student Card is its acceptance at millions of places around the world. This means that students can use their card when travelling internationally without incurring costly foreign transaction fees. The card can be used in many countries, making it an excellent choice for overseas travel.
Discover cardmembers can earn cash back rewards on all eligible purchases, including foreign transactions. There are no foreign transaction fees, so students can easily use their card throughout the world. The Discover it Student Card is a good option for students who plan to travel outside the US, as they can avoid the foreign transaction fees that many other credit cards charge.
When using the Discover it Student Card internationally, it is important to look for the Discover and Diners Club acceptance marks when making a purchase. Additionally, students should be aware that purchases from unusual locations can sometimes signal potential fraud, resulting in a fraud alert that temporarily freezes their card. To avoid this inconvenience, it is recommended to alert credit card issuers and financial institutions of travel plans, including layover locations and final destinations, before departure.
While the Discover it Student Card is widely accepted, its acceptance abroad is more limited compared to Mastercard and Visa. Therefore, it is advisable to carry an alternative card as a backup when travelling internationally.
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The card has a low acceptance rate abroad
The Discover it Student Card does not charge an annual fee and has no foreign transaction fees. However, Discover Card's acceptance rate abroad is lower compared to Mastercard and Visa. The list of countries on their website where the card is accepted is also unreliable. It is recommended to carry another card as backup when travelling internationally.
Discover Card is accepted at millions of places worldwide, and cardholders can earn cash-back rewards on eligible purchases, including foreign transactions. Discover does not charge a foreign transaction fee, allowing cardholders to use their cards internationally without incurring additional costs.
However, it is important to note that Discover's acceptance abroad is limited compared to other card networks. Mastercard and Visa, for example, have a wider acceptance globally. Therefore, relying solely on the Discover it Student Card for international transactions may not be advisable.
To ensure a smooth experience when travelling, it is recommended to carry an alternative card from a different network, such as Mastercard or Visa. Additionally, informing your credit card issuer and financial institution about your travel plans can help prevent any inconvenience due to fraud alerts.
When using your Discover it Student Card abroad, it is generally advisable to pay in the local currency. Paying in your home currency may incur an additional fee for dynamic currency conversion (DCC), making the transaction more expensive. By paying in the local currency, you can avoid potential extra charges.
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Frequently asked questions
No, the Discover it Student Card does not charge any foreign transaction fees.
While there are no foreign transaction fees, Discover does not use the market rate for currency conversion and uses its own rate, which may be lower. This means they profit more from the conversion.
The card has no annual fee and offers a low intro APR. It also provides a generous cashback reward system, with 5% cashback in categories that change every three months and 1% cashback on all other purchases.
The Discover it Student Card is accepted at millions of places worldwide. However, compared to Mastercard and Visa, its acceptance is more limited. Therefore, it is recommended to carry another card when travelling.
Yes, the Discover it Miles Card is another option. This card allows you to turn Miles into cash or redeem them as a statement credit for travel purchases.
