Best First Time Credit Card for Students

Discover it® for Students

Discover it® for Students

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On Card Issuer’s Secure Website
  • Earn 5% cash back everyday spending categories that change every three months
  • Get a $20 statement credit every year your GPA is 3.0 or higher, plus Discover will double all the cash back you earn in your first year
  • No annual or foreign transaction fees
Card attributes
  • Variable APR
    14.49% - 23.49%
  • Cash Advance APR
    26.49%
  • Rewards Rate
    5% cash back on up to $1,500 spent each quarter in categories that rotate; 1% cash back everywhere else.
  • Annual Fee
    $0
  • Intro APR
    0% on purchases for six months and 10.99% on balance transfers for six months.
  • Bonus Offers
    Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically. Earn $20 for each year your GPA is 3.0 or higher, for up to five years
Highlights
  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants or Amazon.com up to the quarterly maximum each time you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Good Grades Rewards: $20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years.
  • No annual fee. No late fee on first late payment. No APR change for paying late.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Freeze It® on/off switch for your account that prevents new purchases, cash advances & balance transfers in seconds.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 14.49% - 23.49%.

Our Detailed Review

  • You need to activate the bonus categories each quarter to qualify for the 5% rewards rate
  • The card charges a high APR
  • Discover isn't widely accepted overseas
Details

Application Process: Apply online and get a response in 60 seconds.

Rewards: Earn 5% cash back on rotating categories such as Amazon.com, transportation, restaurants and more, for up to $1,500 spending per quarter with 1% cash back on all other categories.

Bonus Offers: Discover will match all the cash back you earn in your first year dollar for dollar. You'll also get $20 cash back each year your GPA is 3.0 or higher for the next five years.

APR: 14.49% to 23.49% variable.

Annual Fee: None.

 

Faveable Giveaway: $100 Amazon Gift Card


Amazon Gift Card

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