How long does it take to get approved for Discover student Card?
How long does it take to get approved for a Discover student card
In most cases, after submitting a Discover it Student Cash Back application, there will be a decision within 60 seconds. If a further review of your application is needed, it can take up to 30 days to receive a decision, but you will normally have the decision within 5 to 7 days.
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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.
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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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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Why did I get rejected for a student Discover card
Your age. If you're younger than 18, your application for a credit card will be denied. That's because one of the requirements to sign up for a credit card is being 18 or over, since 18 is the minimum age to get your own credit card account.
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.
Why did I get denied from Discover student
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.
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.
Why did I not get approved for a 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.
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.
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.
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.
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.
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 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.
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.
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.
Why did discover card deny me
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 a good credit limit at 18
Good Credit Limits by Age Group
| Age Group | Good Credit Limit |
|---|---|
| Gen Z (18-24) | $9,000 |
| Millennials (24-39) | $22,000 |
| Gen X (40-55) | $34,000 |
| Baby Boomers (56-74) | $39,000 |