#Discover it for Students Review

Specifications

For someone who has just turned 18 and is looking for an opportunity to start building a credit history, it is a good idea to look for a student credit card. The best student credit cards provide ways to build a strong credit history while providing some safety features to protect your credit should you make some initial blunders, like paying your credit card bill late.

APR*

When you're looking for the best credit cards for students, finding a card with a low APR is ideal. Discover it for Students features a zero-percent APR for the first six months. After six months, a 12.99%-21.99% Variable* purchase APR applies. The APR will differ depending on the Prime Rate market and on your creditworthiness.

The APR on all balance transfers will be between 12.99%-21.99% Variable* depending also on the Prime Rate market and your creditworthiness. Additionally, the APR for all cash advances is 24.99% Variable*. There is no grace period when you make a balance transfer or cash advance, so it is important to note that when you perform either action. The Discover it for Students does not have a penalty APR rate, which means if you miss a payment, your APR won't spike.

Fee & Penalties

One advantage to using Discover it for Students is that there is no annual fee, over-limit fee or foreign transaction fee. Additionally, you will not incur any late fees the first time you make a late payment, but any subsequent late payment will incur a $35 late fee. Also, any returned payments will have up to a $35 charge.

Balance transfers include a fee of three percent of the amount of each transfer. Additionally, any cash advance will include a fee of $10 or five percent of the cash advance amount, whichever is greater.

There is a 25-day grace period. You will not be charged any interest if you pay back your charges within this period of time. Any remaining balance will be charged interest at your APR rate, but not less than $0.50.

Rewards

When you use this credit card, you don't have to worry about messy point reward systems. Discover it for Students is a cash-back, student-reward credit card that gives you an unlimited, one-percent cash-back reward on all of your purchases. You can earn up to five percent cash back on purchases you make in specific categories throughout the year. These categories change quarterly and involve purchases from restaurants, gas stations, movie theaters, department stores and more. However, each five-percent cash back program has a cap, and you must sign up for each quarterly program you wish to participate in beforehand.

One way you can redeem your rewards is by paying for items on Amazon.com with your earned cash back. You can also use your rewards as account credit, direct deposit, gift cards or charity donations. However, Discover will not send your cash back rewards in the form of a check, and you cannot directly transfer your rewards to make a payment on your student loan.

You do not have to redeem all of your cash back points at once, which is a great benefit to using this credit card. In addition, you can enjoy this student credit card's split pay feature, which allows you to use a portion of your cash back rewards to cover the cost of a purchase and then place the remaining balance on your credit card.

Services

The Discover it for Students offers fraud protection features to ensure that your information and your money is secure at all times. Fraud specialists are available 24/7, and you are not responsible for any unauthorized charges made with your card. You also enjoy the benefits of extended warranty protection. There are many additional benefits of this credit card, including travel assistance and travel-accident insurance. Additionally, auto rental insurance is available for all Discover it for Students cardholders.

Member Support

Discover provides a full array of member support for its cardholders. They have 24/7 help and support through email, chat and phone. This is good for college cards for students because it offers you protection should your card be lost or stolen. Discover provides an emergency card-replacement service, which ensures you will be taken care of should you lose your card. Discover also has a FAQs page on their website for additional support.

Disclaimer: 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 Now button, you can review the credit card terms and conditions on the issuer's website. The Annual Percentage Rate or APR is reflective of the date this review was last updated.