How long does Discover Student Card Approval take?
Is it hard to get approved for Discover student Card
While the Discover it Student Cash Back and Discover it Student chrome cards are fairly easy for students to get, approval is not guaranteed. Discover will look at a number of other factors, such as recent credit inquiries, number of Discover accounts open, and credit history.
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Does Discover card approve immediately
You can apply and get approved for a credit card within minutes. However, receiving your card in the mail can take 7-10 business days.
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What credit score is needed for a student Discover card
No credit score is required to apply for a Discover it® Student credit card. The Discover it® Student credit card can help you build credit with responsible use.
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Why did I get rejected from Discover student Card
Common reasons applicants are denied credit cards include low credit scores, no credit history, inadequate ratio of income vs. expenses, and not meeting minimum age requirements.
What is the minimum income for Discover student card
Editorial and user-generated content is not provided, reviewed or endorsed by any company. The Discover it Secured Credit Card's income requirement is a minimum of $10,000 annually unless you're a college student. For students, there's usually no proof of income required in order to be approved for the card.
Do you need income for Discover student Card
Students may qualify for a student credit card with income that doesn't come from a job, such as allowances or certain grants and scholarships. Some student borrowers can use the income of a spouse or partner to qualify for a credit card.
Why is it so hard to get approved for Discover Card
Recent credit inquiries
A high number of credit applications also makes you a riskier applicant. You could have trouble getting a Discover credit card if you've applied for multiple credit cards or loans recently, even if you weren't approved for some of them.
How do you qualify for a Discover student card
To qualify for a Discover student credit card, you must be at least 18 years old, enrolled in a two- or four-year college, a U.S. citizen and have a Social Security number. You will also need to have verifiable independent income, like a part-time job, and you may have to show proof of income.
Does everyone get approved for Discover student
To qualify for a Discover student credit card, you must be at least 18 years old, enrolled in a two- or four-year college, a U.S. citizen and have a Social Security number. You will also need to have verifiable independent income, like a part-time job, and you may have to show proof of income.
How does Discover verify student status
In terms of credit requirements, this card is aimed at applicants with limited credit. If Discover requires proof of student status, they will accept any document that verifies your name, your school name, and your enrollment dates.
How much does the Discover student Card give you
Discover it® Student Cash Back Card Benefits
Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com,8 grocery stores, restaurants, gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically. Only from Discover.
What is the easiest Discover card to get approved for
If you have a low credit score or limited credit history, a secured card (like the Discover Secured Credit Card) may be a good option for you. The minimum credit score needed for a secured card is lower than the minimum score you need to qualify for an unsecured credit card.
What is the minimum credit score for a Discover it card
The Discover it Secured Credit Card is a no-annual fee secured credit card for people looking to either improve their credit or build their credit history. Therefore, there is no minimum credit score required to qualify for the card.
What is the minimum income for Discover student
No, there is no minimum income required to get approved for Discover it Cash Back. When it comes to income, what you need to demonstrate is your ability to make at least the minimum monthly payments and to repay any balance you may incur. Moreover, a good credit score or better is required to get this card.
How long does Discover verification process take
Allow up to 5 business days for processing.
How much credit limit do students get
Christie Matherne, Credit Card Writer
Editorial and user-generated content is not provided, reviewed or endorsed by any company. The credit limits on student credit cards are usually less than $1,000 and typically start around $500, depending on the issuer.
What is the minimum limit on Discover student card
$500
The minimum starting credit limit for the Discover it® Student Cash Back card is $500, but some cardholders have reported limits of $2,000 to $3,000. Discover bases your credit limit on your income and credit history.
What is the minimum income to get a Discover card
No, there is no minimum income required to get approved for Discover it Cash Back. When it comes to income, what you need to demonstrate is your ability to make at least the minimum monthly payments and to repay any balance you may incur. Moreover, a good credit score or better is required to get this card.
Can I get approved with a 560 credit score
It is 140 points away from being a “good” credit score, which many people use as a benchmark, and 80 points from being “fair.” A 560 credit score won't knock any lenders' socks off, but it shouldn't completely prevent you from being approved for a credit card or loan, either.
Will Discover approve me with no income
If you don't have a job, you may wonder whether you will be able to qualify for a credit card. The answer is yes, as long as you have the required income or assets.