Compare it to the Discover it® Student Cash Back
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, 1% unlimited cash back on all other purchases - automatically.
The Discover it® Student Cash Back also offers 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.
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 a Good Grade Reward and 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.