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Discover it® for Students

Many credit card companies offer rewards for specific groups to provide beneficial perks. In this article we will review Discover itŪ for Students card and the pros and cons of reward / rebate offers of the Discover itŪ for Students card.

Many credit card companies understand that students have different needs than others. Additionally, they understand that most students have a limited credit history. In order to accommodate the needs of students, many credit card companies offer specific accounts geared toward providing rewards that students can use, as well as an application process that makes it easier for students to be approved.

One of the student credit cards available is the Discover itŪ for Students card. If you use this card responsibly, it can actually be a great financial planning tool, as well as an ideal way for you to begin to build your credit history.

Discover itŪ for Students Card

Unlike many of the other student credit cards out there, the Discover itŪ for Students card will actually allow you to earn cash back bonuses. Most other student credit card reward programs award you points that you can redeem for gift cards or merchandise or event admission. The Discover itŪ for Students card sets itself apart with its generous rewards and cash back program. Here are some of the highlights of the program offered by the Discover itŪ for Students card:

  • 5% Cashback Bonus rewards that change throughout the year; get cashback on things like gas, restaurants, department stores, and more.
  • Cashback Bonus of up to 20% when you use your card to shop online.
  • Plus a Cashback Concierge℠ who guides a free, personalized online tour to help you get the most rewards for how you use your card.
  • 0% Intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 12.99%-18.99%. *Click apply for Terms & Conditions.

You can see that if you carefully plan your purchases, it is possible to actually make money off of your student credit card. Of course, to do this you will have to be disciplined and only buy things you can pay off each month, as well as avoid buying things you don't really need or won't really use.

About Discover company

Discover is a credit card issuer that has been around since 1986 (it was introduced in a Super Bowl commercial). Discover offers a complete financial network and electronic payment system that goes beyond credit cards. And Discover is accepted around the world – with cash access in North and Central America, as well as in the Caribbean. Discover is not accepted as widely as Visa and MasterCard, but it is still possible to find merchants that will take Discover. Discover was one of the first credit cards to do away with the annual fee, and the first credit card to offer cash back.

Using your Discover itŪ for Students card to your advantage

When you carry a balance, you pay interest. Paying interest destroys the value of your cash back. If you are paying 14.99% interest, your cash back doesn't even begin to cover. Even if you are earning 20% interest on some of your purchases, the interest charges for carrying a balance cut deeply into your earnings. Instead of carrying a balance, buy only what you can pay off at the end of each month.

If you budget properly, you can pay your expenses on your Discover card, and then pay everything off at the end of each month. Meanwhile, you can let your money sit in an interest bearing account until it is time to write a check to Discover. This means, though, that you have to be very careful about how you spend your money. You want to be able to pay off your card every month. This way, you will earn cash back, but won't have the value of it destroyed by paying interest.

Other tips for building credit and using your Discover itŪ for Students card wisely include:

  • Pay at least the minimum every month.
  • Pay on time to avoid late fees.
  • Charge something at least once a month to build your credit history and keep your account active (pay it off immediately).
  • Check your statement for problems each month.
  • Keep track of your rewards, and do your best to maximize your earnings.

Student credit cards can be great financial tools. Just make sure you are careful not to get in over your head.

Related Article: Chase Student Credit Card >>

Best Credit Cards
  • The new Discover it card is out to change the way people think about credit cards.
  • Fair...No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And we won't increase your APR for paying late.*
  • Generous...5% cash back in categories that change throughout the year up to $1,500 in purchases with free and easy sign-up. And 1% cash back on all other purchases.*
  • Plus a Cashback ConciergeSM who guides a free, personalized online tour to help you get the most rewards for how you use your card.
  • Flexible...Choose your own due date and pay up to midnight ET online or by phone.
  • Human...talk to a real person any time with 100% U.S.-based service.
  • Safe...Because you'll never pay for unauthorized purchases with our $0 Fraud Liability Guarantee.
  • 0% Intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 12.99%-18.99%. *Click apply for Terms & Conditions.

  • APPLY TODAY ]
  • Low Fee
  • ATM Access
  • Online Checks
  • Online Bill Pay
  • No minimum income
  • No co-signer

  • APPLY TODAY ]

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* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.