Lana Oconnell
Discover it® Student Cash Back Card is a credit card designed for students with no annual fee and no foreign transaction fees. It is a good choice for students who want to build credit and earn cash back while in school. The card offers a 0% intro APR on purchases for six months, then a variable APR of 17.24% - 26.24%. Discover says its cards are accepted at 99% of places that accept credit card payments in the US, but it is not as widely accepted abroad as Visa and Mastercard. Thus, it is important to check Discover's international acceptance map before travelling.
| Characteristics | Values |
|---|---|
| Annual fee | None |
| Foreign transaction fees | None |
| Cash advance fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Balance transfer fee | x% Intro fee on balances transferred by x and up to x% fee for future balance transfers |
| Minimum line of credit | $500 |
| Eligibility | Enrolled in a college or university, no credit score required |
| Rewards | 5% cash back at different places each quarter up to the quarterly maximum when activated, 1% unlimited cash back on all other purchases |
| Redemption | No minimum spending or maximum rewards, rewards never expire |
| Acceptance | Accepted at 99% of places accepting credit card payments in the U.S., less widely accepted abroad than Visa and Mastercard |
Explore related products
![m&h invites Super Job - Teacher Notes to Parents - Classroom Incentive Cards to Send Home - Motivational Good Behavior Cards [Package of 50]](https://m.media-amazon.com/images/I/51VKEksF-4L._AC_UL320_.jpg)
What You'll Learn
The Discover it® Student Cash Back card has no annual fee
The Discover it® Student Cash Back card is a great option for students looking for a cash-back rewards card with no annual fee. The card offers a range of benefits, including no foreign transaction fees, making it a good choice for students who plan to travel internationally.
One of the standout features of the Discover it® Student Cash Back card is its cashback rewards program. Cardholders can earn up to 5% cash back on everyday purchases at different places each quarter, such as grocery stores, restaurants, and gas stations, up to the quarterly maximum when they activate. Additionally, cardholders can earn unlimited 1% cash back on all other purchases, with no limit. The cashback rewards never expire, and Discover will match the cashback earned at the end of the first year, providing even more value to students.
Another advantage of the Discover it® Student Cash Back card is its lack of fees. In addition to having no annual fee, the card also charges no foreign transaction fees, making it a cost-effective option for international travellers. There are also no hidden fees associated with the card, so students can feel confident knowing exactly what they are getting. Furthermore, the card offers a low intro APR on purchases and balance transfers, providing even more savings for students.
The Discover it® Student Cash Back card is designed specifically for students and is only available to those enrolled in a college or university. It is a great option for students with no credit history, as it requires no credit check and can help students build their credit score. The card also offers a range of security features, such as the ability to lock the card in the Discover mobile app if it is lost or stolen, and free Social Security number alerts.
Overall, the Discover it® Student Cash Back card is a great choice for students looking for a cash-back rewards card with no annual fee. It offers generous cashback rewards, no foreign transaction fees, and a range of security features, making it a valuable tool for students to build their credit and manage their finances effectively.
Who Qualifies for CERB? International Students' Eligibility
You may want to see also
Explore related products
The card has a low intro APR
The Discover it® Student Cash Back card is a great option for students looking to build credit and earn cash back. The card has no annual fee, and it offers a low intro APR. This means that you can make purchases without paying interest for a promotional period, which is usually around six months from the date of account opening. During this time, you can take advantage of the card's benefits without accumulating interest charges on your purchases.
The intro purchase APR for the Discover it® Student Card is 0% for the first six months, after which the standard variable purchase APR of 17.24% - 26.24% applies. This introductory APR offer allows students to make purchases and carry a balance for six months without incurring interest charges. It's a great way to save money, especially if you're making large purchases or building your credit history.
In addition to the low intro APR, the Discover it® Student Card also offers an intro balance transfer APR. This means that if you have existing credit card debt or balances on other cards, you can transfer those balances to the Discover it® Student Card and take advantage of a lower interest rate for a promotional period. The intro balance transfer APR is typically around 10.99% for the first six months, after which the standard purchase APR applies.
It's important to note that the specific intro APR rates and durations may vary, so be sure to review the terms and conditions provided by Discover. Additionally, keep in mind that the standard purchase APR after the introductory period is variable, ranging from 17.24% to 26.24%, depending on your creditworthiness. This means that the interest rate can fluctuate over time based on market conditions and the Prime Rate.
The Discover it® Student Cash Back card offers a great opportunity for students to build their credit history and benefit from a low-interest rate during the introductory period. With no annual fee and a low intro APR, this card can help students manage their finances effectively while also earning cash back rewards.
International Student Graduation Rates: Who Succeeds?
You may want to see also
Explore related products
There are no foreign transaction fees
The Discover it® Student Cash Back Card is a great option for students who want to avoid foreign transaction fees. This card has no annual fee, no foreign transaction fees, and a low intro APR, making it a cost-effective choice for students who plan to travel internationally.
While the card doesn't charge foreign transaction fees, it's important to note that Discover cards may not be as widely accepted abroad as Visa or Mastercard. Students planning to travel internationally may want to carry a backup card from one of these networks. However, Discover is still accepted at 99% of places accepting credit card payments in the US, so it is a good option for domestic use.
The Discover it® Student Cash Back Card also offers several other benefits. It provides an opportunity for students to build credit and earn cash back while in school, with no limit to how much extra cash can be earned in the first year. Additionally, students can earn 5% cash back at different places each quarter and 1% unlimited cash back on all other purchases. The card also offers a welcome bonus and allows users to choose their payment due date.
Overall, the Discover it® Student Cash Back Card is a great option for students who want to avoid foreign transaction fees and earn rewards, especially when used domestically or in countries where Discover cards are widely accepted.
International Student Fee Waivers: Strategies for Success
You may want to see also
Explore related products
Students won't need a credit score to receive approval
The Discover it® Student Cash Back card is a great option for students looking for a cash-back rewards card. This card has no annual fee, no foreign transaction fees, and a low intro APR. It is important to note that Discover cards are not as widely accepted abroad as Visa and Mastercard credit cards, so it is recommended to carry a backup card when travelling internationally.
The Discover it® Student Cash Back card offers an unlimited Cashback Match for all new card members. Discover will automatically match all the cash back earned at the end of the first year, with no minimum spending or maximum rewards. Students can earn 5% cash back at different places each quarter, up to the quarterly maximum when activated, and 1% unlimited cash back on all other purchases.
The Discover it® Student Chrome card is another option for students. This card offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter and 1% unlimited cash back on all other purchases. It is important to note that this card has a lower cash-back rate compared to the Discover it® Student Cash Back card, which offers up to 5% cash back.
Overall, the Discover it® Student Cash Back card is a great option for students looking to build credit and earn cash back rewards, with no credit score required for approval.
Switching Courses: Options for International Students in the UK
You may want to see also
Explore related products
The card has a minimum line of credit of $500
The Discover it® Student Cash Back Card is a credit card designed for students enrolled in a college or university. It offers a range of benefits, including no annual fee, no foreign transaction fees, and a low minimum line of credit.
The minimum line of credit of $500 is a relatively low starting point, making it accessible to students who may have limited income or be new to credit. This low minimum can help students establish and build their credit history, as they can begin with a small credit line and gradually increase it over time as their financial situation improves or as their creditworthiness increases.
The card's low minimum line of credit can also provide students with financial flexibility and responsibility. Students can use the card for everyday purchases, earning cash back rewards, without needing a large credit limit. The card offers 5% cash back in rotating categories each quarter, such as grocery stores, restaurants, and gas stations, and 1% unlimited cash back on all other purchases.
Additionally, the Discover it® Student Cash Back Card provides an opportunity for students to build their credit scores. Students can use the card responsibly, making timely payments and staying within their credit limit, to establish a positive credit history. This can be especially beneficial for those with weak or no credit history, helping them build a solid financial foundation for their future.
Overall, the Discover it® Student Cash Back Card's minimum line of credit of $500 makes it a suitable option for students seeking a credit card with a low starting limit. It offers both financial flexibility and the ability to build credit, all while earning rewards through its cash back program.
International Students: Can They Travel to Australia?
You may want to see also
Frequently asked questions
No, the Discover it® Student Cash Back card does not charge any foreign transaction fees. This makes it a good choice for students who plan to travel internationally.
The Discover Student Card offers a 0% intro APR on purchases for six months, then a variable APR of 17.24% - 26.24% applies. It also has no annual fee and offers a low intro balance transfer APR. Additionally, cardholders can earn 5% cashback at different places each quarter and 1% unlimited cashback on all other purchases.
To qualify for the Discover Student Card, you must be enrolled in a college or university and be at least 18 years old. You will also need to provide identifying personal and financial information, such as your name, address, and Social Security number.
Yes, there are a few other student credit cards that don't charge international fees. One example is the Capital One Savor Student Cash Rewards Credit Card, which offers high cashback rates for common student expenses such as groceries, dining, and entertainment. Another option is the Chase Freedom Rise®, which offers 1.5% cashback on every purchase and has no annual fee.
