Whats the difference between Discover cash back and student cash back?
What is the difference between the Discover student cash back card and the student chrome card
But there is one main difference between the two credit cards — their rewards rates and structures. The Discover it® Student chrome offers decent ongoing rewards in specific categories, while the Discover it® Student Cash Back credit card earns a higher rate on spending categories that change quarterly.
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Is the Discover it student cash back card only for students
Even after you hit the quarterly cap on bonus spending, you still earn 1% in those categories. Do you have to be a student to get the Discover it Student Cash Back You must be a student enrolled at a two- or four-year college or university to be eligible for the Discover it® Student Cash Back.
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How does Discover student cash back work
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.
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What does student cash back mean
The Discover it Student Cash Back card offers no annual fee, a generous 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
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Does Discover student card increase credit
Discover Student credit cards can help you build your credit history and earn cash back rewards on purchases.
Does Discover student card have hidden fees
If you want low (or no) fees
The Discover it Student Cash Back is a strong, low-cost option for students that want to build credit. In addition to not charging an annual fee, the card does not charge foreign transaction fees, which is a nice perk for students studying abroad.
How much is the Discover student cash back limit
The Discover it® Student Cash Back gives cardholders the opportunity to earn 5% cash back in various categories that rotate every quarter up to the $1,500 quarterly maximum each time you activate (then 1%).
What is the limit on Discover student cash back card
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 do you get for Discover student Card
You are guaranteed a credit limit of at least $500 on each Discover it Student card. Discover will periodically review your account and may offer a credit limit increase if you've been consistently paying on time. You can request a credit limit increase online, or by calling customer service at 1 (800) 347-2683.
What is the minimum credit limit for Discover it student cash back
$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.
Is the Discover student card same as Discover it
While these two cards are very similar, they differ in rewards structures. The Discover it® Student Cash Back card offers a higher cash back rate on bonus spending categories that alternate every quarter.
Does Discover increase credit limit for student card
Discover student credit card limit info:
You are guaranteed a credit limit of at least $500 on each Discover it Student card. Discover will periodically review your account and may offer a credit limit increase if you've been consistently paying on time.
What credit score do you need for Discover it student cash back card
The Discover it® Cash Back credit score requirement is 700+. That means applicants need at least good credit to get the card. This credit score requirement is in line with most other cards that Discover offers, as well as comparable cash back credit cards from other issuers.
What is the credit limit for a student credit card
Student credit cards typically have lower credit limits — often $1,000 or less. So if your student card offers 1% cash back on purchases, the most you'd earn in a month would be $10 in cash rewards.
Will Discover increase my credit limit automatically
Discover may automatically increase your credit limit depending on your account history and creditworthiness. If you consistently make on-time payments on your Discover card account, for example, you might be more likely to receive an automatic credit limit increase than someone who regularly misses payments.
What is the highest credit limit on a Discover card
The highest credit card limit we've come across for the Discover it® Cash Back is $56,500. That's much higher than the minimum starting credit limit of $500. The card has a 0% intro APR on new purchases and balance transfers. Once the introductory period ends, the regular interest rates apply.
Can I change my Discover student card to a regular card
You can still use your Discover it Student Cash Back credit card after graduation. Discover won't close the account because you graduate. Instead, they will just upgrade your Discover it Student Cash Back card into a regular Discover it® Cash Back credit card.
What is the limit on Discover student Cash Back card
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 hard is it to get a Discover student loan
At a minimum, borrowers typically need to have a credit score in the "Good" range (670 and above) to qualify for a student loan without a cosigner. But to receive Discover's lowest rates, your credit score will probably need to be at least in the mid-700s.
Do student credit cards build credit faster
No, student credit cards do not build credit faster than any other type of credit card. Most credit cards, including student cards, report to at least one of the three major credit bureaus monthly, so making payments on time and otherwise using your card responsibly will improve your credit score over time.