The Discover it Student Card is one of the two Discover cards that does not have an annual charge and provides cash back rewards. In some cases this may be a good choice, especially for students who rarely eat out or own a car. But for many other students, there are better cards to choose from.
The Discover It Student Card has a low and fixed interest rate, which is great for those students who just need a little bit of a break when it comes to their finances. The cash back rate of one percent is also well below that of most cards. The best part about this card is that it gives students two different types of rewards: one for each dollar that is spent by students at a participating location, like the store or restaurant. And another reward, usually worth ten cents each, for using a Visa-branded card.
The other reward programs are much more popular with most students, and students really enjoy them. The Discover it Student Card earns five points for every dollar that is purchased with this card, and a maximum of twenty-five points for every dollar that is purchased. This is much better than most cards, as most offer only one point per dollar that is purchased. Students who are very cautious with their spending tend to use these points wisely, and they can help build credit score and get more money in their pockets.
For those who do not have a credit history, or who do not want to build their card's limit, there are cards available for them. The Discover It Student Card does not require an ongoing monthly maintenance fee, and there is no limit on the amount of cash back that can be earned. And these cards do not charge an annual service fee or application fees. They also do not require a co-signer and do not require any type of credit check.
As a final note, the Discover It Student Card does have some reward programs. If students purchase certain things, such as movies and television shows, from the Discover it program, they receive one reward point. Additionally, if a student uses their card to pay for gas for a bus or train trip, they will earn one reward point per dollar spent. Additionally, if a student purchases certain items online from the Discover program, like books, then they earn one reward point per dollar spent.
So when looking at cards for students, the Discover it Student Card offers some really good reward programs and offers the benefits of an all-purpose credit card without all of the restrictions that are found in other cards. Some of these programs are worth considering.