Discover it Student Chrome: A Smart Credit Card Choice for Students with Cashback Rewards
The Discover it Student Chrome credit card is an ideal choice for students who are looking to build their credit history while enjoying the benefits of cashback rewards. Designed specifically with students in mind, this card offers a user-friendly experience with no annual fees, straightforward terms, and rewards that make everyday purchases more rewarding.
With its competitive cashback rates on purchases like gas and dining, students can start their credit journey on the right foot. The Discover it Student Chrome is more than just a credit card; it’s a financial tool that helps students learn responsible credit management while reaping the rewards of their spending.
About the Discover it Student Chrome Credit Card
The Discover it Student Chrome credit card is offered by Discover, a well-established financial services company known for its customer-centric approach and innovative products.
This card is specifically designed for students, providing them with the opportunity to build their credit history from an early age while enjoying the benefits of a cashback rewards program. With its simple terms and valuable perks, the Discover it Student Chrome is a solid choice for young adults entering the world of credit.
Benefits and Advantages of the Discover it Student Chrome Credit Card
The Discover it Student Chrome credit card offers a variety of benefits tailored to meet the needs of students. Some of the most notable benefits include:
- 2% Cashback: Earn 2% cashback at gas stations and restaurants on up to $1,000 in combined purchases each quarter, making it a great option for everyday spending.
- 1% Cashback on All Other Purchases: Enjoy 1% cashback on all other purchases, ensuring that every dollar you spend rewards you back.
- Cashback Match: At the end of your first year, Discover will automatically match all the cashback you’ve earned, effectively doubling your rewards.
- Good Grades Reward: Earn a $20 statement credit each school year your GPA is 3.0 or higher for up to five years, encouraging academic excellence.
- No Annual Fee: The card comes with no annual fee, making it cost-effective for students on a budget.
- 0% Intro APR: Benefit from a 0% introductory APR on purchases for the first six months, followed by a competitive standard APR.
- Freeze it®: Easily freeze your account from your mobile device to prevent new purchases, cash advances, and balance transfers if you lose your card.
- Free FICO® Score: Access your FICO® Score for free, helping you track your credit progress and understand your credit health.
Rates and Fees
The Discover it Student Chrome credit card offers competitive rates and transparent fees, making it a smart choice for students. Below is a summary of what you can expect:
- Interest Rate: The card offers a 0% intro APR on purchases for the first six months, after which a standard variable APR applies.
- Balance Transfer Fee: A standard fee may apply for balance transfers, but this feature can help consolidate debt at a lower interest rate.
- Cash Advance Fee: A fee applies for cash advances, which should be used sparingly due to higher interest rates on these transactions.
Minimum Income Requirement
While specific minimum income requirements for the Discover it Student Chrome credit card are not always disclosed, students are typically expected to have some form of regular income, whether from part-time work, scholarships, or other sources. This ensures that applicants can manage their payments and responsibly build their credit.
Annual Fee
One of the most attractive features of the Discover it Student Chrome credit card is that it has no annual fee. This makes it an excellent option for students who want to enjoy the benefits of a credit card without the burden of additional costs. The lack of an annual fee allows cardholders to focus on building credit and earning rewards without worrying about yearly expenses.
Credit Limit
The credit limit for the Discover it Student Chrome credit card varies based on the applicant’s income and creditworthiness. Discover typically sets a reasonable limit for students, which can help them manage their spending while building credit responsibly. Over time, with responsible usage, cardholders may be eligible for credit limit increases.
How to Apply for the Discover it Student Chrome Credit Card
Applying for the Discover it Student Chrome credit card is straightforward and student-friendly. Follow this straightforward guide to get started:
- Visit the Discover Website: Go to the official Discover website and navigate to the credit cards section.
- Select the Student Chrome Card: Choose the Discover it Student Chrome card to access the online application form.
- Complete the Application: Provide your personal and financial details, including your income and school information.
- Submit the Application: Review your information for accuracy and submit the application online.
- Wait for Approval: Discover typically responds within a few days with the status of your application.
- Activate Your Card: Once approved, your card will be mailed to you. Upon receipt, activate it and start using it to build your credit and earn rewards.
Contact Discover
If you need assistance or have questions about your Discover it Student Chrome credit card, you can contact Discover’s customer service through the following methods:
- Phone: Call the customer service hotline at 1-800-DISCOVER for support.
- Email: Reach out via the secure messaging option available in your online account for assistance.
- Online Chat: Use the online chat feature on the Discover website for real-time help.
- Mailing Address: Discover Financial Services, P.O. Box 30943, Salt Lake City, UT 84130-0943.
The Discover it Student Chrome credit card is a versatile and rewarding option for students who want to start building their credit history while enjoying cashback rewards. It combines the essential features of a student card with the added benefit of a cashback program, making it an excellent choice for those entering the world of credit for the first time.