Discover Student Credit Card: College students can build credit with a tight budget
The Discover Student credit card is specifically designed to fit the lifestyle of college students who are usually on a tight budget. So we are putting on the spotlight the most important features of the card: No annual fees, low APR, and good cash back system.
The Discover Student credit card is the best student credit card in the market right now. It has no annual fees and gives 0% APR for the first 6 months of the card and a varying 14.99% after. Students can also choose from about 100 credit card designs to make sure that the design of their credit card fits their hip lifestyle.
This Student credit card works like the Discover More card. It is packed with a great cash back bonus program that allows you to get the following:
How the Reward System Works
The rebate formula for the Discover Student credit card works on a tiered scheme. The first $1500 of spending annually earns the card holder 0.25%. The next purchases through $3000 earn0.50% rebate. The amount that will exceed the $3000 line will earn a 1% rebate. They also give you a 0.25% rebate if you shop at certain discount clubs, warehouse stores, and other partner shops. All in all, you can get a rebate of about $500 per year.
Discover also runs a program which gives 5% rebates for rotating categories. The 1st quarter of the year gives you rebates for cruises, car rentals, hotels, and airlines. Q2 gives you rewards for fashion retailers and home improvement shops. The 3rd quarter is for hotels, gas, and theme parks. The Q4 spotlights movies, restaurants, and grocery stores.
Online Shopping with Discover Student
The Discover Student card also works well with the shopdiscover.com program. Card holders can log on to their Discover account and shop online through the partner retailer shops that can track your spending. Discover has over 100 top brand partners which can give you 5% to 20% discounts.
If you are a college student, you can never go wrong with Discover Student credit card. The customer service also gets good feedback from consumers who use the card regularly.
You can be earning hundreds or even thousands of dollars a year in CD investments, money market, and cash back credit cards. Subscribe to our free newsletter below to learn how to maximize your rewards, improve your credit, and make money!
