Discover It for Students

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CardWelcome Bonus
Discover it® for Students Discover it® for StudentsGet $50 after first purchase. All cashback earned in first 12 months will be doubled including 5% earned in rotating categories. Plus, get $20 cash back each school year your GPA is 3.0 or higher for up to the next 5 years.

Overview

The Discover It for Students Card earns 5% cash back in rotating categories each quarter, up to $1500 in spend.  Outside of the 5X categories, the card earns only 1% cash back.

That said, this card has a number of great things going for it:

  • No annual fee
  • No foreign transaction fees
  • Good Grades Rewards: $20 cash back each school year your GPA is 3.0 or higher for up to the next 5 years.
  • Double Cash Back First Year: Discover will double all cash back earned the first year. This means that for the first year, you get 10% cash back within rotating categories and 2% cash back everywhere else.  That’s excellent.  Plus, Discover has a pretty good cash back portal, Discover Deals.  And, all cash back earned through the portal is doubled as well!
  • Discover Cash Back is worth more than face value when redeemed for partner gift cards instead of cash.

Bottom Line

In my opinion, this is the single best choice for a student’s first credit card.  One great thing is that if the applicant isn’t approved for the regular Discover It Student card, Discover will offer them a secured card that has the same rewards and same no-annual-fee.  After 6 months or a year of responsibly using the secured card, Discover will upgrade the card to a regular Discover It Student credit card.

Card / NotesBonus / Annual Fee
Discover it® for Students Discover it® for Students
Earning rate: 5X in rotating categories, up to $1500 spend per quarter

Noteworthy Perks: Discover Cash Back is worth more than face value when redeemed for partner gift cards
Get $50 after first purchase. All cashback earned in first 12 months will be doubled including 5% earned in rotating categories. Plus, get $20 cash back each school year your GPA is 3.0 or higher for up to the next 5 years.

No annual fee

FM Mini Review: In my opinion this is the single best "starter card" for students. It offers great rewards and no annual fee.

Note: Many more excellent credit card offers, along with application tips for each bank, can be found on our Best Credit Card Offers Page.

 

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3 Comments on "Discover It for Students"

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[…] niece turned 18 a few years ago, she asked about signing up for a credit card.  I recommended the Discover It for Students Card.  It appears to be exactly the same as the regular Discover It card with no annual fee, rotating […]

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[…] Discover It card.  He clicked through the regular application rather than the application for the Discover It for Students card because the Discover It card comes with a $50 bonus after first purchase. Plus, for those who sign […]