Discover it® Student Cash Back
Discover · Discover
4.5/5 RatingFair (580+)
Key Details
- Annual Fee
- None
- Regular APR
- 17.24%–26.24%
- Intro APR
- 0% intro APR for 6 months on purchases
- Foreign Transaction Fee
- None
- Balance Transfer Fee
- 3%
- Rewards Rate
- 1%–5% cash back
Sign-Up Bonus
Cashback Match in first year + $20 Good Grades Reward
Rewards Structure
- Rotating quarterly categories (up to $1,500/quarter)5%
- All Other Purchases1%
Pros
- ✓First-year Cashback Match
- ✓$20 statement credit for GPA 3.0+ each school year
- ✓No annual fee
- ✓No co-signer required
- ✓Free FICO score
Cons
- ✗Must activate quarterly categories
- ✗5% capped at $1,500 per quarter
- ✗Discover not universally accepted
Who Should Get This Card?
College students building credit for the first time. The Cashback Match and Good Grades Reward make it the best student card available.