Why can’t i get approved for Discover student card?
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 do you need for the Discover IT student 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.
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.
Does everyone get approved for student credit card
You typically have to be a student in order to qualify for such cards, and in fact, many issuers will verify your college enrollment. However, there are some student credit cards that do accept nonstudent applicants. And there are alternative credit card options that can help nonstudents who are new to credit.
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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.
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.
Which Discover card is easiest to get
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.
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.
Why would I be denied a student credit card
Student credit cards can be easier to get than other cards, but approval isn't guaranteed. Card issuers review the information on your application and check your credit history and income. You can be denied for a wide range of reasons, including poor credit or a lack 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 does Discover verify you are a student
After applying for the Discover Student credit card through their site, representatives from the company will call you to verify your application. So when they call you make yourself available or tell them when you are available to speak (in case you are in a class/lab).
How long does it take to get approved for the Discover it 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.
Can I get a credit card as a student with no income
Technically there's no minimum income requirement to get a credit card. A student's disposable income could be as low as $100 and they would still have the potential to be approved for a credit card. Higher incomes generally give applicants a better chance of getting approved for a card and a higher credit limit.
Does getting denied for a credit card hurt your score
Does Getting Denied for a Credit Card Hurt Your Credit Score By itself, a denied credit card application won't have any impact on your credit scores. However, every time you apply for any type of new credit, it results in a hard inquiry on your credit report.
What is the minimum credit limit for Discover
Editorial and user-generated content is not provided, reviewed or endorsed by any company. Discover credit card limits will always be at least $500, and there's no disclosed maximum. How much you get is determined by your creditworthiness. The only exception is if you have Discover it® Secured Credit Card.
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.
How bad is getting rejected for a credit card
Being denied for a credit card doesn't hurt your credit score. But the hard inquiry from submitting an application can cause your score to decrease. Submitting a credit card application and receiving notice that you're denied is a disappointment, especially if your credit score drops after applying.
What should a student put for annual income for a credit card
Bottom Line. Students can list actual income from a job, regular bank deposits from family members or leftover financial aid as their income on a credit card application. Make sure to be honest about income on an application.
How to get a student credit card without being a student
If you can't qualify for a student credit card on your own, don't give up. Try these alternative ways to get a credit card and start building a credit history. Get a cosigner. Some credit card companies allow a parent or other responsible relative with good credit to cosign on the account with you.
Is there no way to get a credit card if you are a full time student and do not have a job
If you're looking for a student credit card and have no income, your best alternatives include getting a cosigner, becoming an authorized user or applying for a secured card. If you have income and wish to get a credit card, make sure you compare student credit cards based on your specific requirements.