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Discover it® Student Cash Back

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Our rating
Credit range: No Credit
Annual Fee: $0
Regular APR: 14.74%–23.74% Variable
Intro Balance Transfer APR: 10.99% for 6 months
Intro Purchase APR: 0% for 6 months

Discover it® Student Cash Back

Our rating
No Credit Credit range
$0 Annual Fee
Apply Now Read our Review

Highlights & Features


  • 5% cash back in rotating categories, up to $1,500 in spending per quarter (then 1%):
    • Categories: January through March is Grocery Stores; April through June is Gas Stations, Uber, Lyft; July through September is Restaurants and PayPal; October through December is, Target,
  • 1% cash back on all other purchases


Cashback Match: Double all cash back rewards earned in the first year

Balance Transfers

A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.

Intro Balance Transfer APR 10.99% for 6 months
Regular Balance Transfer APR 14.74%–23.74% Variable
Balance Transfer Fee 3%


Penalty APR None
Late Fee $0 the first time; up to $39 after that
Returned Payment Fee Up to $39
Additional Cards Annual Fee None
Foreign Transaction Fee None

Cash Advances

Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

  • Cash Advance APR: 26.74% Variable
  • Cash Advance Fee: 5%, $10 minimum


Discover has several card types depending on your needs.

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Discover it® Student Cash Back


  • Cashback Match: Double all the cash back you’ve earned at the end of your first year automatically.
  • 5% cash back in categories that change each quarter like gas, restaurants and PayPal,, up to $1,500 in spending per quarter (then 1%)
  • No annual fee. No overlimit fee. No foreign transaction fee. No late fee on first late payment and paying late won’t raise your APR.
  • Free FICO® Credit Score on statements, online & by mobile app.
  • 100% U.S.-based service.
  • Each Discover purchase is monitored for fraud, and you’re never responsible for unauthorized purchases on your Discover card.

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, Target,

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.