This credit card is designed for those who want the best rewards.
Are you a young student who is just starting out on your financial journey and would like a card that suits your finances and provides you with a path of possibilities and alternatives, as well as being more interested in building a positive credit history?
The Discover Student Cash Back credit card can be an excellent ally, offering great benefits and unmissable conditions that promote great experiences for various student profiles.Â
Discover Student Cash Back
No annual fee High Variable APRHow does the Discover Student Cash Back credit card work?
The Discover Student Cash Back credit card is a card based on cash back rewards, in which it prioritizes part of your cash back on all purchases and has programs such as CashBack Match, in which it prioritizes giving its users double the cash back accumulated during the first year of using the card.
In addition, as it is a card for young students, Discover prioritizes greater security for its users and consumers, based on free identity monitoring, suspicious transaction alerts and also zero liability for unauthorized purchases, which consequently generates greater protection and support for data and finances.
It’s worth remembering that Discover also offers free digital accounts from the app, which aims to provide greater control and support for the proper use of your card.
Another factor that stands out about digital accounts is that they are not only tools for the proper functioning of your card, but also contain additional services that are different from the credit card, which can be an excellent manager and administrator of your money.
Main benefits of the Discover Student Cash Back credit card
It’s worth noting that the benefits are incredible cashbacks from the Discover program that are available as rewards.
As such, we would highlight the Cashback Match program, one of the card’s most famous, which gives us the opportunity to get double the cashback accumulated in the first year of using the card, as mentioned above, which is incredible for all profiles, not just students, and for this reason it is also seen on other Discover cards.Â
Another positive aspect that counts as a great benefit is the fact that you get a 0% initial APR on purchases, which can be seen as an excellent promotion that increases your purchasing power without fees and annuities.
It should be noted that this advantage is only available for 6 months, which means that after this period you will have to pay APR as normal.Â
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Cons of the Discover Student Cash Back credit card
Unfortunately, like any other financial product on the market, there are many negative points that are worth highlighting, even if it is a differentiated card for students and people with a developing background. The first negative point is the lack of assistance in other regions outside the United States, which makes this card extremely selective or not very accessible to people outside the country.
It’s also worth noting that the cashback included in the selected rotating categories requires quarterly activation, which can be bad for people who don’t organize themselves with these types of rewards, and may miss out on dates and so on.
APR and fees
Another extremely important aspect is the credit card’s fees and APR, which is a factor that allows the consumer to really understand the charges and conditions and make the final decision on whether or not to apply for the credit card.
We can say that this card has very positive aspects compared to other cards on the market, as it prioritizes promotions and offers over fees. An example of this is the promotional APR of 0% on purchases for a period of 6 months, which simplifies savings and aims to serve the public with quality.
It should also be noted that the Discover Student Cash Back card has no annual fees, which is another positive point for consumers.
It is worth remembering that after the promotional period the APR of the credit card becomes relatively high, with a percentage equivalent to 17.24% to 26.24%.
How do I apply for an Discover Student Cash Back credit card?
To apply for this card, you can choose between two options, the first of which is to go to the website of the bank issuing the credit card, where you will access and search for card applications on the platform’s tools.
You will then need to fill in a form requiring various personal details which are aimed at quick identification and also, if applicable, a credit analysis which can be considered lenient, as it is a card with a target audience that is developing its financial life.
Once you’ve filled in the form, all you have to do is send in the application and wait for your physical card to arrive to activate it.
If you want to access the digital account login and apply for your credit card via the app, simply log in and follow practically the same steps, as the platform is extremely intuitive and modern, which simplifies the step-by-step process and the steps that need to be taken. .
