How Does LendingTree Get Paid?
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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Discover it® Student chrome Review

Discover it<sup>®</sup> Student chrome

Discover it® Student chrome Review

Intro Purchase APR
0% Intro APR for 6 months
Bonus Rewards
2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically
Ongoing APR
14.49% - 23.49% Variable APR*
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Discover it® Student chrome best for?

The Discover it® Student chrome is a great credit card for students – especially those commuting to campus – who are just beginning their credit journey. In addition to cash back on every purchase, the card offers benefits, such as free access to your FICO® Credit Score – all for a $0 annual fee.

Cash back can be redeemed for gift cards, instant eCertificates, charitable donations, credits to your card account, electronic deposits into any account you designate and merchandise.

We break down the pros and cons of the Discover it® Student chrome, and show how it compares to the Discover it® Student chrome, which also offers cash back on every purchase.

Discover it® Student chrome overview

    • No credit score required to apply.
    • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
    • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
    • NEW! Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
    • No annual fee and build your credit with responsible use.
    • 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 14.49% - 23.49% applies.
    • Click "Apply Now" to see terms and conditions.
  • Credit needed:
    600 850
    Fair/Limited
  • If you misplace your card, you can freeze it on the mobile app or website to prevent new purchases, cash advances and balance transfers.
  • Receive complimentary daily monitoring of your Experian® credit report, including new account alerts, new inquiry alerts and more through Discover® Identity Alerts.
  • View your FICO® Score for free on monthly statements, mobile or online through Discover Credit Scorecard.
  • Discover’s 100% U.S.-based customer service representatives are available 24/7.
  • Discover will waive the fee on your first late payment.

Intro Purchase APR

0% Intro APR for 6 months

Regular Purchase APR

14.49% - 23.49% Variable APR

Intro BT APR

10.99% Intro APR for 6 months

Regular BT APR

14.49% - 23.49% Variable APR

Annual Fee

$0

Cash Advance Fee

see terms

Foreign Transaction Fee

None

Balance Transfer Fee

3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

Pros and cons

Pros

  • Rewards rate
  • Sign-up bonus
  • Introductory purchase APR
  • $0 annual fee

Cons

  • Quarterly maximum on higher rewards rate
  • No 0% intro APR on balance transfers
  • Balance transfer fee

What we like about the Discover it® Student chrome

  • Rewards rate

    The Discover it® Student chrome offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically. If you max out the $1,000 spend cap each quarter, you can earn $20 cash back on gas station and restaurant purchases alone.

  • Sign-up bonus

    Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.

    So, for example, if you earn $20 cash back on gas and restaurant purchases each quarter, you’ll receive $80 cash back at the end of the year. Once you factor in the Cashback Match bonus – that amount jumps to $160 for the first year of card membership.

    Just keep in mind that the Discover Cashback Match bonus only applies to the first year of card membership.

  • Introductory purchase APR

    If you need to finance a large purchase, such as a laptop or textbooks, you can do so interest free for half a year with the Discover it® Student chrome. The card offers an intro APR of 0% Intro APR for 6 months. After that, an ongoing 14.49% - 23.49% Variable APR applies.

  • Annual fee

    The Discover it® Student chrome comes with a $0 annual fee.

What to watch out for with the Discover it® Student chrome

  • Quarterly maximum on higher rewards rate

    With the Discover it® Student chrome, you can only earn the elevated cashback rate on gas station and restaurant purchases on the first $1,000 each quarter. All other purchases earn 1% cash back.

  • No 0% intro APR on balance transfers

    If you need to transfer a balance from a higher-interest credit card, you won’t be able to do so interest free with the Discover it® Student chrome. That said, the card does offer a slightly lower introductory APR on balance transfers: 10.99% Intro APR for 6 months, then an ongoing 14.49% - 23.49% Variable APR applies.

  • Balance transfer fee

    Keep in mind that if you do transfer a balance, you will be subject to a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.

Alternate student credit card

Compare it to the Discover it® Student Cash Back

| Disclosures
Discover it® Student Cash Back
Discover it® Student Cash Back
on Discover's secure site
0% Intro APR for 6 months on purchases
14.49% - 23.49% Variable APR
$0
5% cash back on everyday purchases at different places each quarter like
  • No credit score required to apply.
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • NEW! Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
  • No annual fee and build your credit with responsible use.
  • 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 14.49% - 23.49% applies.
  • Click "Apply Now" to see terms and conditions.
600 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


If you’re a student who wants the opportunity to earn a higher cashback rate in popular spending categories, you may want to look at the Discover it® Student Cash Back. The card lets you earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.

The Discover it® Student Cash Back also offersUnlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.

Beyond the rewards programs, the Discover it® Student chrome and Discover it® Student Cash Back are virtually identical. Both cards offer Cashback Match bonuses, $0 annual fees and intro APRs on purchases and balance transfers. The cards also offer the same benefits, including free access to your FICO® Score.

However, with the Discover it® Student Cash Back, you stand to earn quite a bit more cash back each quarter if you max out the card’s bonus spending cap. For example, if you spend $1,500 per quarter in the bonus categories with the Discover it® Student Cash Back, you can earn $300 cash back on those purchases at the end of the year. And with the first-year Cashback Match offer, that amount will double to $600.

By contrast, if you max out the Discover it® Student chrome ’s $1,000 spend cap each quarter, you’ll only earn $80 cash back on gas station and restaurant purchases at the end of the year.

Compare the Discover it® Student chrome to similar cards

Comparison of four different credit cards
Discover it<sup>®</sup> Student chrome Discover it<sup>®</sup> Student Cash Back Bank of America® Customized Cash Rewards Credit Card for Students Journey Student Rewards from Capital One
Discover it® Student chrome Discover it® Student Cash Back Bank of America® Customized Cash Rewards Credit Card for Students Journey Student Rewards from Capital One
Apply Now
on Discover's secure site
Apply Now
on Discover's secure site
Read Review
Apply Now
on Capital One's secure site
Annual Fee
$0 $0 $0 $0
Welcome Offer
Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match. Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match. $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening No bonus
Rewards Rate
2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishing. 1% cash back on all your purchases. Pay on time to boost your cash back to a total of 1.25% for that month; earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
Intro Purchase APR
0% Intro APR for 6 months 0% Intro APR for 6 months on purchases 0% Introductory APR for the first 15 Statement Closing Dates following the opening of your account. N/A
Regular APR
14.49% - 23.49% Variable APR 14.49% - 23.49% Variable APR 15.49% to 25.49% Variable 26.99% (Variable)
Recommended Credit
Fair/Limited Fair/Limited Good Fair/Limited
Card Details
Discover it® Student chrome Discover it® Student Cash Back Bank of America® Customized Cash Rewards Credit Card for Students Journey Student Rewards from Capital One

Is the Discover it® Student chrome right for you?

If you eat out frequently, commute to campus or have an upcoming road trip planned to visit family, the Discover it® Student chrome can provide a great opportunity to earn a generous amount of rewards, thanks to its solid cashback rate on restaurant and gas station purchases and Cashback Match bonus. But if you want the ability to earn a higher amount of cash back in a wider range of categories that rotate quarterly, such as grocery stores, Uber, Paypal, Amazon.com and Target.com, the Discover it® Student Cash Back may be a better choice.

Apply Now
on Discover's secure site