Mastering the Discover it® Student Cash Back Card Application Process

Financial freedom and credit establishment

Discover it® Student Cash Back card empowers you to earn a generous 5% cash back on revolving categories such as groceries, dining, and fuel, alongside 1% on all other purchases. Coupled with its lack of annual fees, it stands as an enticing option for students keen on maximizing their spending potential.

Beyond just rewarding your spending, this card facilitates the establishment of a robust credit profile. By responsibly managing your expenses with the Discover it® Student Cash Back card, you lay a solid foundation for a brighter financial future.

Discover grants you the freedom to redeem your rewards at your discretion. Whether you opt for cashback or prefer indulging in online shopping at popular destinations like Amazon or PayPal-affiliated merchants, the choice is entirely yours.

To optimize your rewards, simply activate the rotating 5% cash back categories each quarter. This seamless process enables you to effortlessly earn heightened rewards on your everyday purchases.

After completing your inaugural year, Discover seamlessly matches all the cash back you’ve garnered, dollar for dollar. Picture transforming $50 cash back into $100 or even $100 into $200.

Punctual payments, settling balances in full, and steering clear of carrying a balance are pivotal in fortifying your credit footing.

Upon completing your studies, updating your financial details with Discover could render you eligible for credit line expansions. 

Eligibility criteria: Discover it® Student Cash Back Card

To qualify for the Discover it® Student Cash Back card, applicants must meet the following eligibility criteria:

• Age requirement: at least 18 years old.
• Residential status: a valid U.S. address.
• Social Security number
• Educational status: proof of current enrollment in a qualifying educational institution, such as a 2-year or 4-year college or university.
• Financial information: demonstrate income to support creditworthiness. While employment is not mandatory, a reliable source of income is essential.
• Credit history: while no prior credit history is required, applicants with limited or established credit may still be eligible.
• Application documentation: all required information requested in the Discover application must be provided accurately and completely.
• Legal capacity: legal capacity to enter into a credit agreement.

The application process for the Discover it® Student Cash Back Card

To make the online application, visit the Discover website or use the mobile app. Provide personal information such as name, address, date of birth, and Social Security number.

The next step is to input details about your educational status, including enrollment in a 2-year or 4-year college or university.

Afterward, submit any required documentation to verify identity and eligibility.

Discover will review your application. This may include checking your credit report and considering factors such as income, employment status, and existing debts.

Upon review, Discover will notify you of the status of your application. If approved, you will receive your card in the mail within a few business days. You can activate it online or by phone.

However, once approved, your digital Discover it® Student Cash Back card is ready for use, and you can start making purchases to earn cash back rewards.

Financial further information

Initially, cardholders benefit from a 0% introductory APR for the first 6 months from the date of account opening. However, following this period, the APR adjusts to a range of 18.24% to 27.24%.

Cash advances, however, come with a fixed APR of 29.99%, which may vary based on fluctuations in the Prime Rate.

To mitigate interest charges on purchases, it’s advisable to pay the entire balance by the due date each month. Additionally, if interest is applied, the minimum charge stands at $0.50.

It’s essential to note that applicants cannot request a specific credit line. However, approved credit lines typically start at a minimum of $500.

Discovering other options

If you wish for alternatives, consider the Chase Freedom Rise℠ Credit Card. Besides aiding in credit establishment, it offers to earn 1.5% cash back on every purchase.

Written by

Ellen Queiroz (Redatora)