Discover it student cash back foreign transaction fee

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The Discover it® Student Cash Back is a great choice if you're a student with limited credit history and want to earn a strong rate of cash back on your everyday spending without paying an annual fee.

Discover it® Student Cash Back

Intro offer

Unlimited Cashback Match - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year

Rewards

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Earn unlimited 1% cash back on all other purchases automatically.

Discover it® Student Cash Back

Intro offer

Unlimited Cashback Match - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year

Rewards

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Earn unlimited 1% cash back on all other purchases automatically.

Discover it® Student Cash Back

Details

Rewards

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Earn unlimited 1% cash back on all other purchases automatically.

Intro offer

Unlimited Cashback Match - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year

Recommended Credit

Fair/New to Credit

Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application.

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Regular Annual Percentage Rate (APR)

15.99% - 24.99% Variable

Intro Annual Percentage Rate (APR)

0% intro APR for 6 months on purchases

Editor's Rating

5/5

Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Pros & Cons

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From October 1 to December 31, 2022, you can earn 5% cash back at Amazon.com and on digital wallets on up to $1,500 in purchases after enrollment, then 1%

Check mark iconA check mark. It indicates a confirmation of your intended interaction.

Discover matches your cash back after the first year

Dash iconA dash. It often indicates an interaction to shrink a section.

Not the most rewarding cash-back card for non-bonus purchases

Highlights

• Intro Offer: Unlimited Cashback Match - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There's no minimum spending or maximum rewards. Just a dollar-for-dollar match.
• Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
• No credit score required to apply.
• Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
• No annual fee and build your credit with responsible use.
• 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 15.99% - 24.99% applies.
• Click "Apply Now" to see terms and conditions.

Additional Reading

Review: Is the Discover it Student Cash Back the best credit card for you?

If you're a student and over the age of 18, applying for your first credit card is a great first step in building credit and developing good financial habits for the future. However, getting approved for a credit card can be challenging if you're young and have a limited credit history.

Fortunately, some banks offer credit cards specifically geared to students or those who are just starting out with credit. The Discover it® Student Cash Back is a solid choice if you're looking for a no-annual-fee card that earns cash-back rewards, offers student-friendly features, and doesn't require a security deposit.

With the Discover it® Student Cash Back, you can earn 5% cash back in popular rotating bonus categories when you activate, on up to $1,500 in combined spending each quarter (then 1% back), as well as 1% back everywhere else with no limits (from October 1 to December 31, 2022, you can earn 5% cash back at Amazon.com and on digital wallets on up to $1,500 in purchases after enrollment, then 1%). 

While there's no traditional welcome bonus, Discover will match all the cash back you earned with the Discover it® Student Cash Back after the first 12 months through its Cashback Match program, and there's no limit to the amount matched.

If you'd rather not keep track of rotating bonus categories, Discover issues another student card — the Discover it® Student chrome — which offers 2% back at restaurants and gas stations on up to $1,000 in purchases each quarter (then 1%), and 1% cash back on everything else.

Keep in mind there are other student credit cards that do offer a welcome bonus. For example, the Bank of America® Customized Cash Rewards Credit Card for Students <desc> <g id="asterisk" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <path d="M29.37 0a5 5 0 014.975 4.805l.004.216-.074 17.076 16.857-9.732a5 5 0 015.196 8.542l-.196.119-16.316 9.42 16.316 9.42a5 5 0 01-4.799 8.77l-.2-.11-16.929-9.774-.07 16.27a5 5 0 01-9.996.175l-.003-.217.065-15.519-15.7 9.065a5 5 0 01-5.195-8.542l.196-.119 16.315-9.42-16.315-9.42a5 5 0 014.8-8.77l.2.11 15.776 9.11.072-16.496A5 5 0 0129.37 0z" fill="#111"> </path></g> </desc> offers a $200 cash rewards bonus after making $1,000 in purchases in the first 90 days from account opening. And the Chase Freedom® Student credit card comes with a $50 Bonus after first purchase made within the first 3 months from account opening.

If you want opportunities to earn strong rewards in different categories, consider the Capital One SavorOne Student Cash Rewards Credit Card, which earns 3% cash back on dining, groceries, entertainment, and eligible streaming services, and 1% back on everything else.

Here's our full review of the Discover it® Student Cash Back card to help you decide if it's a good fit for your wallet.

We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

How to earn rewards from the Discover it Student Cash Back card

To maximize the cash back you earn with the Discover it® Student Cash Back, you'll need to activate the rotating bonus categories each quarter through your online Discover account.

Once you've activated the bonus, you'll earn 5% cash back on up to $1,500 in combined spending (then 1%) in that quarter's categories (from October 1 to December 31, 2022, you can earn 5% cash back at Amazon.com and on digital wallets on up to $1,500 in purchases after enrollment, then 1%). All other purchases earn a 1% cash back, with no caps.

Discover will automatically match, dollar-for-dollar, all the cash back you've earned at the end of your first year (even on bonus categories). You don't need to do anything to activate this match.

How to use Discover cash back rewards

The simplest way to use rewards from the Discover it® Student Cash Back is by redeeming for a statement credit or direct deposit to an eligible checking or savings account. There's no minimum redemption amount, and your rewards don't expire as long as your account is open. 

Other redemption options include:

• Paying with rewards directly at Amazon or with PayPal
• Donating to Discover's charity partners which include American Cancer Society, ASPCA, American Red Cross, Carbonfund.org, Children's Miracle Network, Junior Achievement, Juvenile Diabetes Research Foundation, Make-A-Wish, Operation Homefront, and World Wildlife Fund
• Gift cards to popular merchants (minimum redemption amount may apply, some merchants offer a bonus)

Discover it Student Cash Back benefits and features

As you might expect from a student card with no annual fee, the Discover it® Student Cash Back doesn't come with a huge list of benefits, but it does have a couple of handy perks that can save you money and help you stay on top of your finances.

0% introductory APR on purchases

The Discover it® Student Cash Back comes with a 0% intro APR for 6 months on purchases (then a 15.99% - 24.99% Variable), which is helpful if you have a lot of school expenses to pay for upfront that you need a little more time to pay off.

Just be sure you have the means and a plan to pay off your balance before the promotional APR period expires, otherwise, you could be on the hook for hefty interest charges.

Free FICO score

Discover it® Student Cash Back cardholders can access their FICO score for free, any time, through their online account. This makes it easy to keep an eye on your credit score and how it's changed over time.

Late payment forgiveness

If you're late with a payment on the Discover it® Student Cash Back, Discover won't charge you a fee the first time it happens. After that, there's a fee of up to $41. Paying late will not increase your APR, however.

Unique card designs

Discover it® Student Cash Back cardholders can choose from over a dozen colorful (and unusual) card designs that you don't usually find on conventional credit cards. 

Fees and costs

The Discover it® Student Cash Back has no annual fee and doesn't charge foreign transaction fees, so if you're making international purchases or traveling abroad it's a good pick. Just keep in mind Discover isn't always as widely accepted as other credit cards, so if you're traveling you might want to have a backup card just in case.

As with most other cards, there are fees for late payments (except the first occurrence), returned payments, balance transfers, and cash advances.

Comparison: Discover it Student card vs other Discover credit cards

Discover it Student credit card vs other student credit cards

*3% and 2% cash-back categories on the Bank of America® Customized Cash Rewards Credit Card for Students on up to $2,500 in combined spending each quarter, then 1% cash back

*** Exclusions apply

Discover it Cash Back Student card frequently asked questions (FAQ)

Yes, Discover's terms and conditions state you must be a student enrolled in a two- or four-year college to qualify for the Discover it® Student Cash Back card. You'll also be asked for your year in college and expected graduation dates when you apply for the card.

If you're not a student but like this card's features, check out the regular Discover it® Cash Back card instead.

The Discover it® Student Cash Back is designed for students with fair credit or who are new to credit. Fair credit is defined as a FICO score between 580-669, and new to credit means you may have a score below that or no score at all.

In fact, the card's application page says no credit score is required to apply. Discover will consider all the details you provide on your application, your credit report (which includes your credit score if you have one), and other information when they decide whether or not to approve you for the card.

Discover allows you to have a maximum of one Discover student credit card account. However, you're eligible to apply for a second Discover credit card after your first Discover credit card has been open for more than 12 months and you're no longer a student.

No, the Discover it® Student Cash Back is not a secured credit card, so you won't have to put down a cash deposit on approval. However, Discover does offer the Discover it® Secured Credit Card, which doesn't require you to be a student to qualify.

Jasmin Baron is an editor at Insider, responsible for credit card coverage on Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF).Before joining the Insider team, she was a senior editor at The Points Guy and Million Mile Secrets, covering credit cards, points and miles, and loyalty programs. Her expertise in maximizing travel rewards grew from over two decades of experience in the aviation industry, including 18 years working as a pilot and flight instructor in her native Canada.You can reach Jasmin at . Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »

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