The Discover it® Student Cash Back card is designed to help young people build credit. Student credit cards 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 Credit Card (Review), this student card comes with an appealing absence of fees and abundance of rewards. It offers 5% cash back in a variety of categories that rotate throughout the year, including many common purchases that most people make. This 5% rate is limited to the first $1,500 spent per quarter; after that, 1% cash back is earned.
Not only that, Discover will double the cash back you earn in your first year of use. That means you’ll effectively get 10% back on those purchases, and this is one of the best deals available on any credit card (which means it’s especially valuable on a student card).
The 5% cash back calendar for 2019 is:
|Quarter||5% Cash Back Category|
|January – March||Grocery Stores|
|April – June||Gas Stations, Uber, Lyft|
|July – September||Restaurants, PayPal|
|October – December||Amazon.com, Target, Walmart.com|
You’ll also get a $20 annual Good Grade Reward for getting good grades, for up to five years — you’ll need a 3.0 GPA to get that. And you can also check your FICO Score 8 any time you’d like, for free, based on your TransUnion credit report.