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 at different places each quarter 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 for all new cardmembers – 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 cash back 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.