Discover it Student chrome Review| U.S. News


How to Earn Rewards With Discover it Student chrome

The card offers 2% cash back on the first $1,000 spent each quarter in combined purchases at restaurants and gas stations. All other purchases will net just 1% cash back. If you spend a lot in those categories, the card could offer a lot of value. If not, it may be better to get a student credit card that offers a higher rewards rate on all of your purchases.

During the first year, you’ll get the chance to accelerate your rewards earning through Discover’s cash back match program. The card issuer will automatically match all the cash back you earn during that period, essentially giving you a base rewards rate of 2%, and 4% on the first $1,000 spent each quarter on dining and gas.

How to Redeem Rewards With Discover it Student chrome

You can redeem cash back earned with the Discover it Student chrome card in any amount and at any time as a statement credit, direct deposit or donation to select charities. You can also use your cash back to pay for purchases at select merchants. And you can redeem your rewards as gift cards, starting at $5.

What Are the Fees Associated With Discover it Student chrome?

  • Annual fee: This card does not have an annual fee.
  • Balance transfer fee: 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.
  • Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater.
  • Late payment fee: None the first time you pay late. After that, up to $41.
  • Returned payment fee: This card can have a returned payment fee up to $41.

What Is the Discover it Student chrome’s APR?

This card has a 0% introductory APR on purchases and a 10.99% introductory APR on balance transfers for six months from the date the account is opened.

After the six-month introductory period, the APR for purchases and balance transfers is a 15.24% – 24.24% Variable APR, based on creditworthiness.

Comparisons With Other Credit Cards

Because both are Discover it cards, there are multiple similarities with these two student credit cards. Neither has an annual fee, both have an unlimited cash back match at the end of the first year.

The cards differ in rewards potential. Discover it Student chrome earns 2% cash back on up to $1,000 spent on combined purchases at gas stations and restaurants each quarter, then unlimited 1% cash back after that. Discover it Student Cash Back earns 5% cash back on rotating bonus categories each quarter when activated, up to a quarterly maximum. Rotating categories can include purchases at grocery stores, gas stations, restaurants and Amazon.com. Discover it Student Cash Back earns 1% cash back on all other purchases.

Neither card has an annual fee.

Discover it Student chrome earns 2% cash back on up to $1,000 spent on combined purchases at gas stations and restaurants each quarter, then unlimited 1% cash back after that. Discover matches the cash back the cardholder has earned at the end of the first year.

Journey Student Rewards from Capital One earns an unlimited 1% cash back on all purchases, and cardholders can boost their cash back reward to 1.25% for the month when paying their bill on time.

Discover it Student chrome benefits include identity alerts, FICO score access, the ability to freeze the account if the card is missing, lost or stolen, and emergency card replacement. Journey Student Rewards from Capital One benefits also include security alerts and $0 fraud liability.

Should You Get Discover it Student chrome?

  • Are a student looking to build your credit.
  • Want to earn rewards for spending at gas stations and restaurants.

Questions About Discover it Student chrome

Q: Is Discover it Student chrome a good credit card for students?
A: Students may find value in the Discover it Student chrome credit card, as it offers competitive rewards. But other student cards may offer simpler rewards structures or higher earning rates in rotating bonus categories. Students should consider their spending habits when determining which credit card might be the best fit for them.

Q: What credit score is needed for Discover it Student chrome?
A: Discover it Student chrome is designed for fair credit or better (580+), but no credit score is required to apply.



Source link

Leave a Comment