Discover it® Student chrome

Robin Saks Frankel  in  Student Advertising Disclosure
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Recommended Credit Score

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A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

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Best for gas, dining & large purchases

Annual Fee:
$0
Purchase Intro APR:
0% for 6 months
Balance Transfer Intro APR:
10.99% for 6 months
Regular APR:
15.24% - 24.24% Variable
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 93 out of 100

Commonly used for: 0% APR, Cash Back, Fair Credit, No Annual Fee, No Foreign Transaction Fees, Rewards, Student.

Discover it® Student chrome and Discover it®  Student Cash Back are nearly identical student credit cards. They both come with few fees, a low annual percentage rate for qualified cardholders and generous rewards. Either is a fantastic choice for college-age adults new to credit.

The main difference: the Discover it® Student chrome’s rewards are tailored toward gas stations and restaurant purchases, while with the Discover it® Student Cash Back card you can enroll every quarter to earn 5% cash back on up to $1,500 in purchases made in various categories throughout the year. If you’re not a big driver or don’t dine out frequently, Discover it® Student chrome’s sibling may be a better choice.

Review

The Discover it® Student chrome offer is jam-packed with goodies. It offers 2% cash back up to $1,000 a quarter maximum on gas station and restaurant purchases, and 1% on all other purchases. Discover will match dollar-for-dollar all the cash back you’ve earned at the end of your first year. There’s also a $20 statement credit every year you get a GPA of 3.0 or higher, which should be more than enough to buy an apple for every teacher you have.

The card comes with an OK introductory offer on purchases and a less impressive one on balance transfers. There’s also a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*, so you’d be better off transferring a balance to a card with a 0% APR offer.

College students typically haven’t built up as much credit history as those in the workforce and might not be eligible for many credit cards. The Discover it® Student chrome is like a kindly grandparent, giving those with fledgling credit histories a chance, and it charges no annual fee.

Who should get this card

If you’re a college student who is financially organized and looking to build up your credit score, the Discover it® Student chrome can reward you for your efforts.

Advantages
  • You don’t need perfect credit to qualify for this card.
  • Get a $20 statement credit each school year your GPA is 3.0 or higher for up to five years.
  • The opportunity to earn cash-back rewards is especially generous for a student card.
  • At the end of the first year, all the cash-back earnings are automatically matched
Disadvantages
  • The enhanced rewards for gas station and restaurant spending aren't worth it if you don't drive or dine out frequently.
  • Other cards have better introductory balance transfer offers.
  • There’s no sign-up bonus with this card, although you do get a cash-back match at the end of the first year.

Fees and APR

  • This card has a 6-month 0% introductory APR offer on purchases. After that it’s a variable 15.24% – 24.24%.
  • There’s a 6-month introductory APR offer on balance transfers of 10.99%, after that it’s a variable 15.24% – 24.24%.
  • You’ll pay no annual fee.
  • There’s no foreign transaction fees, making this card a good choice for students studying abroad (where Discover cards are accepted).
  • Late payments won’t affect your annual percentage rate.
  • There’s a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
  • First late payment fee is waived, after that it’s up to $39.
  • See Rates & Fees

Extras, perks and using rewards

View your approximate FICO score for free on your monthly statement

The Freeze It feature allows you to turn your card on or off to prevent new purchases, cash advances and balance transfers.

Redeem your rewards at any time in any amount as a credit on your statement, an electronic bank deposit, gift cards through Discover partners (in $20 increments) or use to shop on Amazon.com.