After using the Discover it® Student Cash Back credit card for a year, cardholders get their cash back earned at the end of the year completely matched. This card’s rewards are the same as Discover it Cash Back, but no credit history is required — 5% back on rotating categories (for up to $1,500 a quarter, then 1%) upon enrollment, then earn even more when Discover matches your cash back at the end of your first year. Discover it Student Cash Back also has both a $0 annual fee and a 0% foreign transaction fee. 2. Search for resources, Opens in a modal dialog. As you can see, the Discover it® Student Cash Back certainly has some great benefits that trump the Discover it® Secured. You’ll also need to track and enroll in bonus categories, which could prove to be too much of a headache. The typical new Discover it® cardholder received a credit limit around $3,000. With the good grades program, you can earn a $20 statement credit each school year that your GPA is 3.0 or higher (for up to the next 5 years), giving you a little extra cash in your pocket. The Discover it® Cash Back, NHL® Discover it® and Discover it® Student Cash Back offer 5% cash back on up to $1,500 spent each quarter on rotating categories when activated. When Just a dollar-for-dollar match. The Discover it Student Cash Back card is designed to help young people build credit. 6 99% nationwide acceptance — Discover is accepted by 99% of the places across the country that take credit cards. Why we like it: This is a flexible card with a generous cashback rate. It starts off at 1% cash back on all purchases, and increases to … The Discover minimum payment calculation is a bit unusual. Best card for grad students: Discover it Cash Back The Discover it card, by contrast, is more generous. These free rewards for eligible Discover cardmembers let you earn cash back from using your Discover card…. Check your balance, pay bills, review transactions and more using the Discover Account Center, 24 hours a day, seven days a week. Plus, earn unlimited 1% cash back on all other purchases. For example, if your Discover it Cash Back credit card balance is $5000, the APR is 24.99%, the minimum payment is 4% of your balance and the first minimum monthly payment is $200, the results will be the following. Most student credit cards offer 1% cash back. That’s total, not $1,000 per category. more in the Discover Help Center, The Importance of Making the Minimum Payment. Though not included in this review, the Discover it® Student chrome is equally easy to obtain. The Discover it® Cash Back is quite popular. Discover will automatically match all the cash back you’ve earned at the end of your first year! Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. With no-fee bank accounts and a massive ATM network, Discover is worth a look. Student credit cards like these are made for people with limited or no credit, providing a way to start building a positive credit history.. Like the regular Discover it® Cash Back (), this student card comes with an appealing absence of fees and abundance of rewards. There’s no minimum spending or maximum rewards. Discover it® Student Cash Back interest rate The Discover it® Student Cash Back interest rate is 12.99% - 21.99% (V). The Discover it Student Cash Back’s boosted quarterly rewards may include such categories as gas and groceries, making it a snap for everyday spending. Check out these Discover student … Click “Calculate” and get the full amortization schedule. The minimum credit limit a Discover it® cardholder will receive is $300, and no cardholders reported a Discover it® credit limit above $20,000 (though we’ve personally heard otherwise, with one cardholder reporting a credit limit of $25,500). With no-fee bank accounts and a massive ATM network, Discover is worth a look. All non-bonus purchases earn an unlimited 1% back. The Discover minimum payment is the greater of $20, 3% of the full balance plus any past-due amount, or $15 plus new interest and late fees. However, the operative comparison section to look at is the credit requirements. How Can I Double My Rewards with Discover Cashback Match? Both cards offer a first-year cash back … And not hiding a year from now. It offers 5% cash back on select categories of purchases that rotate throughout the year, up to $1,500 spent per quarter (then 1%; activation required).. Or turn $100 into $200. Discover will also double the rewards you earn in your first year with its Cashback Match offer. Discover it Student Chrome. By using this calculator you agree to terms and conditions. Discover it Cash Back credit card minimum payment calculator is an easy-to-use tool that helps you find out how many months you’ll need to pay off your Discover it credit card balance if you pay the minimum every month. It also helps you determine how much interest you’ll end up paying and what your total payment amount will be. Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Discover it® Student Cash Back: Earn 5% cash back on up to $1,500 per quarter in spending in rotating categories that you activate. Discover matches your first year’s cash back. So you could turn $50 cash back into $100. So you can earn no more than $80 in bonus rewards per year. You get 2% back at gas stations and restaurants on the first $1,000 in quarterly purchases. This model is provided as a rough approximation of future financial performance. Since this card has no annual fee that means you can earn quite a profit. . Find out how you receive pre-approved credit card offers, what to look for and how you can opt-out. Using this calculator is quite easy. % cash back at restaurants and gas stations, up to $1,000 spent per quarter.1% cash back on all other purchases. The Discover it® Student chrome card is a good option for students to learn how to handle credit. If JavaScript is disabled, Discover it® Student Cash Back; Discover it® Student chrome; Rebuilding credit . The Discover minimum payment is the greater of $20, 3% of the full balance plus any past-due amount, or $15 plus new interest and late fees. (adsbygoogle = window.adsbygoogle || []).push({}); How to Use Our Discover it Cash Back Credit Card Minimum Payment Calculator. The typical new Discover it® cardholder received a credit limit around $3,000. 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