Apply for the Discover it Student Cash Back

The Discover it® Student Cash Back is a standout option for students looking to build credit while earning cash back on everyday purchases.

With no annual fee, rotating 5% cash back categories, and unique perks like the Cashback Match, this card combines affordability with value.

Designed to support students’ financial growth, it also provides tools to manage spending and develop responsible credit habits.

This article dives into the key features, benefits, potential drawbacks, application requirements, fees, and answers to common questions about the Discover it Student Cash Back card.

Card Overview

The Discover it® Student Cash Back card is tailored for students aiming to establish a solid credit history while enjoying rewarding cash back perks.

It offers 5% cash back on purchases in rotating quarterly categories (such as groceries, restaurants, gas stations, and online shopping) after enrollment, up to a quarterly maximum of $1,500.

All other purchases earn 1% cash back.

One of its most attractive features is Discover’s Cashback Match, which doubles all the cash back earned during the first year.

This effectively makes the card even more rewarding for first-time users.

Reasons to Choose the Discover it Student Cash Back

Here’s why this card is an excellent choice for students:

Generous Cashback Rewards

Earn 5% cash back on purchases in quarterly rotating categories (after activation), up to $1,500 in spending per quarter.

Earn 1% cash back on all other purchases.

Categories often include popular spending areas like groceries, restaurants, gas stations, and online retailers.

First-Year Cashback Match

At the end of your first year, Discover will match all the cash back you’ve earned, effectively doubling your rewards.

Example: If you earn $100 in cash back, Discover will match it, giving you a total of $200.

No Annual Fee

The card has no annual fee, making it a cost-effective choice for students on a budget.

Tools for Building Credit

Access to free FICO® credit scores to help you track your credit-building progress.

Discover reports your payment history to all three major credit bureaus (Equifax, Experian, and TransUnion).

Introductory APR Offer

Enjoy a 0% Intro APR on purchases for 6 months, followed by a variable APR. This can be helpful for students who need to make larger purchases and pay them off gradually.

No Foreign Transaction Fees

Use the card abroad without worrying about foreign transaction fees, making it a great option for students studying or traveling internationally.

Flexible Redemption Options

Redeem your cash back in several ways:

• Statement credits.
• Direct deposits to your bank account.
• Gift cards or charitable donations.
• Pay with rewards at select retailers like Amazon.com.

Freeze it® Feature

Quickly lock or unlock your card via the Discover app or website if it’s lost or stolen.

24/7 Customer Service

Get access to Discover’s highly-rated 24/7 customer service, known for its responsiveness and efficiency.

Drawbacks of the Discover it Student Cash Back

While the card offers excellent benefits, there are a few drawbacks to keep in mind:

Rotating Categories Require Activation

To earn 5% cash back, you must manually activate the categories each quarter. Forgetting to activate may result in only earning 1% on those purchases.

Quarterly Spending Cap

The 5% cash back is capped at $1,500 in spending per quarter. After reaching this limit, purchases in those categories earn just 1%.

Limited International Acceptance

Discover is not as widely accepted internationally as Visa or Mastercard, which might be a limitation for students traveling abroad.

No Sign-Up Bonus

Unlike some competitors, this card doesn’t offer an upfront sign-up bonus.

However, the Cashback Match feature compensates for this by doubling your rewards in the first year.

Requires Responsible Usage

As a credit-building card, its benefits are maximized only when you consistently pay your balance in full and on time.

How to Apply for the Card?

Review the Basic Requirements

Before starting the application process, make sure you meet the basic criteria:

Student Status: This card is tailored for university students, so you must be able to prove your enrollment.

Credit History: Even though it’s designed for students, Discover will review your credit history. A limited or no credit history may not disqualify you, but ensure your financial information is in order.

Income: While the requirements might be more lenient than those for premium cards, having some form of income—such as part-time work, scholarships, or internships—helps demonstrate your ability to repay.

Visit the Official Discover Website

Navigate to the Discover it® Student Cash Back Card page: On the official Discover website, you’ll find detailed information about the card, including its rewards, fees, and other important features.

Read the terms and conditions: It’s crucial to understand how the rewards system works, what fees may apply, the payment process, and other contractual details before applying.

Start the Application Process

Click on “Apply Now”: Look for the “Apply Now” button on the card’s webpage to begin the application.

Fill Out the Online Application: Enter your personal details (such as your name, address, and date of birth), academic information, and financial details. Make sure all the information is accurate to avoid delays or issues during the review process.

Review and Submit Your Application

Double-check Your Information: Ensure that all fields have been completed accurately and review your application for any errors.

Agree to the Terms and Conditions: Confirm that you have read and agreed to the card’s terms before submission.

Submit Your Application: Once submitted, Discover will begin processing your credit application.

Monitor Your Application Status

Receive a Response: In many cases, you may receive an instant decision. If additional information is required, Discover will contact you.

Keep an Eye on Your Email and Account Portal: Make sure your contact information is current so you don’t miss any updates regarding your application.

Fees and Costs

Here’s an overview of the fees and costs associated with the card:

• Annual Fee: $0.
• Introductory APR: 0% on purchases for 6 months.
• Regular APR: Variable APR after the intro period, based on creditworthiness.
• Foreign Transaction Fee: None.
• Late Payment Fee: $0 for the first missed payment, up to $41 thereafter.
• Cash Advance Fee: Either $10 or 5% of the cash advance amount, whichever is greater.

Frequently Asked Questions about the Discover it Student Cash Back

What is the Cashback Match feature?

Discover will match all the cash back you earn in your first year. If you earn $150 in cash back, they’ll match it, giving you a total of $300.

What are the rotating categories?

The 5% categories change every quarter and often include everyday spending areas such as:

1. Grocery stores.
2. Gas stations.
3. Restaurants.
4. Amazon.com and other online retailers. You must activate these categories each quarter to earn the 5% cash back.

Can I use the card internationally?

Yes, but keep in mind that Discover is not as widely accepted abroad as Visa or Mastercard. However, there are no foreign transaction fees, which is a significant advantage.

Does the card help build credit?

Yes. Discover reports to all three major credit bureaus, helping students build a positive credit history with responsible use.

What happens if I miss a payment?

Discover waives the fee for your first late payment. However, missing subsequent payments may result in fees and harm your credit score.

Can non-students apply for this card?

No, this card is specifically designed for students.

The Discover it Student Cash Back card is an excellent option for students seeking to establish credit while earning valuable rewards.

Its 5% cash back on rotating categories, first-year Cashback Match, and no annual fee make it a highly rewarding and cost-effective choice.

While the manual activation of categories and limited international acceptance may be drawbacks, the card’s overall value and student-focused features outweigh these minor limitations.

If you’re a student looking to build credit and earn rewards on everyday spending, the Discover it Student Cash Back is a smart choice.