Discover Student Cash Back

Discover Student Cash Back Credit Card offers convenience, security and financial versatility.

Credit Card

Discover Student Cash Back

1% unlimited cashback 5% cashback

Financing option in convenient installments.

How to Apply You will remain on the current site

The Discover Student Cash Back Credit Card is tailored for students looking to establish credit while earning meaningful cashback rewards. With no annual fee, a 0% introductory APR on purchases, and rotating 5% cashback categories, this card is an excellent option for young adults embarking on their financial journey.

Designed specifically for students, the card combines practical benefits with Discover’s signature Cashback Match™ program, doubling all cashback earned in the first year. It’s a smart choice for those seeking to build credit responsibly while enjoying valuable rewards.

A Cashback Card for Students

The Discover Student Cash Back Credit Card offers robust rewards, including:

• 5% cashback on rotating categories (up to $1,500 in combined purchases per quarter) when activated. Categories often include groceries, gas stations, restaurants, and online shopping.
• 1% unlimited cashback on all other purchases, ensuring you earn on every transaction.

Discover’s Cashback Match™ doubles all cashback earned in the first year, significantly enhancing your rewards. For example, if you earn $200 in cashback, Discover will match it, giving you a total of $400.

Additionally, the card features a 0% introductory APR on purchases for six months, followed by a variable APR. This feature provides flexibility for students managing their initial expenses.

Added Benefits for Students

The card comes with several student-friendly features, including:

• No late fee on your first late payment.
• No annual fee, ensuring affordability for those on a tight budget.
• Free access to your FICO® Score, helping you monitor your credit progress.

Discover also reports your payment history to all three major credit bureaus, enabling you to build a positive credit profile.

Pros and Cons

Pros

• 5% cashback on rotating categories, enhanced by the Cashback Match™ program.
• No annual fee, keeping costs low for students.
• Free access to your FICO® Score for credit monitoring.
• No late fee on the first missed payment.
• 0% introductory APR on purchases for six months.

Cons

• Rotating categories require quarterly activation.
• Cashback on rotating categories is capped at $1,500 per quarter.
• Requires responsible credit use to avoid variable APR charges.

How Do I Know If the Discover Student Cash Back Credit Card Is the Best Credit Card for Me?

The Discover Student Cash Back Credit Card is an excellent choice for students who want to build credit while earning meaningful rewards. Its focus on rotating categories and first-year Cashback Match™ provides significant value for those who can maximize the 5% categories.

However, if you prefer a card with flat cashback rates across all purchases or don’t want to manage rotating categories, other student cards may better suit your needs. This card is best for students who are proactive about managing their spending and rewards.

Why Do We Like This Card?

We like the Discover Student Cash Back Credit Card because it combines credit-building tools with a rewarding cashback program.

The absence of an annual fee, coupled with the unique Cashback Match™, makes it a top choice for students seeking to establish credit while enjoying valuable perks.