The Discover student credit card offers a few different ways to build your credit, and it works with some of the more traditional credit cards out there. This credit card is operated electronically, so it can be used online as well. You can use it just like a regular card by making purchases online or offline. Some of the benefits to this type of credit card are the rewards that are available, as well as the money back guarantees. This card allows a student to start building good credit right away.
There are certain requirements needed in order to qualify for the Discover student credit cards. Some of those requirements change from year to year, so it's best to check with the terms for the Discover cashback program to see what your eligibility requirements are. The Discover student card also offers an interesting cashback program which allows you to make 5% cashback on certain categories each quarter throughout the year, which rotate each quarter based on your account activity. Previously, these categories were mainly comprised of restaurants, gas, video gaming, and movie stores – all are popular high spending categories for a average college student.
You can apply for the Discover Student Credit Card via the internet at their website, or call their customer service line. They accept applications from high school students, but the Discover cards do not currently accept student credit cards from the government, private companies, labor unions, or any other third party. The credit limit on these cards is usually fairly low, and the interest rates are higher than average. In most cases, once you have established a good payment history with your other cards, you will find that the Discover student card limit increase will not affect your overall cost of borrowing. They also offer a one year membership which will give you access to special rates and cash back incentives.
You can get a Discover student credit card with no or low FICO score by shopping around for interest rates and terms. One of the best places to look is online, since you'll be able to find the best rates and terms. When you first start looking for a new credit card, you'll probably find a great interest rate and terms for your Discover student card – however, if you later decide you want to switch credit cards or go with a different provider, you can find great deals on your new card! You should keep in mind that the lowest interest rate doesn't always mean the best deal. This is especially true if you are paying off a large balance each month.
If you need a decent FICO score to qualify for Discover student credit cards, you'll definitely want to consider getting a cosigner. If you have a cosigner, you'll save money on the interest because the credit card company will be paying out less money each month. This means you'll also save a lot more money on the actual interest rate!
For students who need more perks, you might consider adding up all of your student credit cards and seeing what reward programs are offered. Some of the better perks include airline miles and points toward their purchases at grocery stores. Another perk you might consider for your Discover student cards is the ability to get cash back. The amount you get back depends on how much you spend and when you make your purchases.
With Discover, you can earn up to $1,500 in cash when you make the purchase of select items. You can earn other cash rewards as well, including gas rebates, when you use your card to pay for your purchases at gas stations. You can even earn up to five percent back from many of your purchases each quarter. This means you can easily save hundreds of dollars in just the first year of owning a Discover student card.
Before you apply for any of the Discover student credit cards, you should make sure to review your credit history. If you have bad credit history, you may not be able to find a card that suits your spending habits. Keep in mind that many cards will have annual fees and interest rates that will increase as time goes by. Also, keep in mind that many student credit cards do not offer the same rewards or benefits like traditional credit cards. Find out what you like best about Discover student cards so you can apply for one that works best for your needs.