Last Updated on February 18, 2024 by Archie Biggs
Best Cash Back Card for Students with No Credit History
Earn 5% cash back on everyday purchases at different places each quarterPlus, earn unlimited 1% cash back on all other purchases - automatically
Added Bonus - Get 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 18.24% - 27.24% applies
Card Details
- 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 could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- 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 18.24% – 27.24% applies.
- Select “Apply Now” to learn more about the product features, terms and conditions
- View Rates and Fees
Discover it® Student Cash Back Details
| Intro Offer | Rewards Rate | Regular APR | Annual Fee | Credit Needed |
|---|---|---|---|---|
| Cashback Match™ |
|
18.24%-27.24 variable APR | $0 | No Credit History |
How the Discover it® Student Cash Back Stacks Up
Pros
Cons
Tailored for Students
Discover doesn’t just slap the word “student” on a card and call it a day. They’ve really dug deep, understanding the unique challenges and needs of students. From budget constraints to the first foray into credit, they’ve crafted features that resonate with the student lifestyle.
No annual Fee
Think of all the textbooks or fun activities you could spend on instead of an annual fee. It’s more than just a monetary saving; it’s a testament to Discover’s commitment to providing value.
Rotating Categories Requirement
While they keep rewards exciting, they do ask for a tad bit of your attention. Remembering to activate them might sometimes feel like an additional task on your student to-do list.
Limited Merchant Acceptance Overseas
Domestically, it’s a charm. But sometimes, in the nooks and crannies of the world, you might find a merchant who’s unfamiliar with Discover.
Rewarding Cash Backs
Not just any cash back, but one that evolves with seasons and your spending habits. The rotating categories ensure that the rewards stay relevant, and the Cashback Match™ is like a pleasant year-end bonus.
Fantastic Introductory APR
Those initial months of credit card usage can be daunting. Discover provides a cushion with its favorable introductory APR, giving students a chance to get acquainted with credit dynamics.
No Direct Travel Rewards
If you’ve been bitten by the travel bug and are looking for perks like airport lounge access or airline miles, this card might seem a tad vanilla.
Initial Credit Limit
The early stages with the card might feel restrictive with a lower credit limit. However, the silver lining? With consistent, responsible use, doors to higher limits could potentially open.
Bottom Line
By now, you’ve likely noticed that we’re all about the nitty-gritty when it comes to financial discussions, especially credit cards. It’s the fine print as much as the headlines that can set you on the path to a wise financial move versus a misstep.
As a former student, I remember balancing ambitions and aspirations with the reality of a tight budget. I would’ve given anything for the insights we’ve discussed here. After all, a student’s journey with credit isn’t just about the here-and-now purchases. It’s laying the foundation of your financial persona and securing a prosperous future.
Here’s my genuine take: The Discover It® Student Cash Back card isn’t merely another card. It feels like a milestone in the journey of college. Yes, the market’s full of cards with glitzy offers. But this one? It’s like that trustworthy friend who stands by you through the ups and downs of campus life.
But let’s keep it real. As much as this card shines with its features, it’s not a one-size-fits-all. The appeal of changing cashback categories, the joy of academic rewards, and the advantage of no annual fees are tantalizing. Yet, it’s essential that these align with your unique needs and goals.
For those who value straightforwardness, the changing reward categories might seem a bit much. But if you’re a savvy strategist who enjoys maximizing rewards, this card could be your financial soulmate.
As you mull over this choice, remember: you’re not just shaping your now; you’re crafting your financial future. If the Discover It® Student Cash Back card resonates with you, go for it, wholeheartedly.
Always bear in mind that finances are incredibly personal. Let your informed intuition be your compass in this journey. Wishing you all the best as you navigate your financial voyage.
Keep dreaming big, keep pushing forward, and always, always let your spirit shine bright!
Check card Rates & Fees
Our SMART SCORE is based on a variety of factors in which the credit
card issuers have no input or influence on how we rate credits cards listed on our site.
