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Discover it® Student Cash Back

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Easily one of the most rewarding student cards on the market, the Discover it Student Cash Back offers 5% back in quarterly rotating categories, up to $1,500 spent (then 1%; activation required). Discover will also double what you earn for your first year and give you a statement credit for good grades, all without an annual fee.

Our rating
Min. credit level: Limited Credit History
Annual Fee: $0
Regular APR: See Terms
Intro Balance Transfer APR: See Terms for See Terms
Intro Purchase APR: See Terms for See Terms

Discover it® Student Cash Back

Our rating
Limited Credit History Min. credit level
$0 Annual Fee
Read Our Review

Highlights & Features


Spending Rewards
  • 5% cash back in rotating categories (up to $1,500 spent per quarter, then 1%; activation required):
    • January – March: Grocery Stores, Walgreens, CVS
    • April – June: Gas Stations, Wholesale Clubs, Select Streaming Services
    • July – September: Restaurants, PayPal
    • October – December:,,
  • 1% cash back on all other purchases
Introductory Bonus
  • Cashback Match: Double all cash back rewards earned in the first year

Balance Transfers

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

Intro Balance Transfer APR See Terms for See Terms
Regular Balance Transfer APR See Terms
Balance Transfer Fee See Terms
How to Transfer a Balance on a Credit Card


Penalty APR None
Late Fee See Terms
Returned Payment Fee See Terms
Additional Cards Annual Fee N/A
Foreign Transaction Fee None
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your 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 See Terms
Cash Advance Fee See Terms
How to Get a Cash Advance with a Credit Card

Card Benefits

  • Free Credit Score
  • Zero Liability on Unauthorized Charges


Discover has several card types depending on your needs.

Speak to Customer Service

1-800-347-3085 or

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See all Issuer Cards

The Discover it Student Cash Back card is designed to help young people build credit. Student credit cards like these 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 (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 (activation required).

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 2021 is:

Quarter 5% Cash Back Categories
January – March Grocery Stores, Walgreens, CVS
April – June Gas Stations, Wholesale Clubs, Select Streaming Services
July – September Restaurants, PayPal
October – December,,

You’ll also get a $20 annual Good Grade statement credit 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.

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