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Discover it Student Chrome card review: Up to 2% cash back on gas and dining and rewards for good grades


 Discover it® Student chromeSummary List PlacementReview: Is the Discover it Student Chrome the best credit card for you?

Trust takes time to build, and credit, at its core, is a form of trust. Banks need to see a record of on-time payments before they’ll approve you for more premium credit cards, which is why many students have a more limited selection of cards to choose from. That makes the Discover it® Student chrome an interesting option.

It’s worth noting that this card is nearly identical to the regular Discover it® chrome in almost every way, with the addition of a few student-specific perks that we’ll get to in a minute. 

With the Discover it® Student chrome, you’ll earn 2% cash back on your first $1,000 in combined purchases each quarter (then 1%) at gas stations and restaurants. None of Discover’s cards charge an annual fee, which is appealing to students who may have less disposable income. You’ll earn 1% back on all other purchases.

Read more: The best cash-back credit cards

The card also gives you an incentive to do well in school. Each year you maintain a GPA of 3.0 or higher, you’ll receive an annual Good Grade Reward of a $20 statement credit, for up to five years.

Cashback Match: A unique welcome offer

Discover doesn’t offer a big flashy welcome bonus on its credit cards. Instead, you’re eligible for Discover’s Cashback Match, meaning Discover will match all the cash back you earn, dollar-for-dollar, at the end of your first year.

Read more: Discover Cashback Match is a unique program that matches your credit card rewards after your first year, and it couldn’t be easier to use

This means your earning rate on gas and dining goes up to 4% for the first year (on your first $1,000 in combined purchases each quarter). The Discover it® Student chrome normally earns 1% back on all other purchases, but that effectively gets doubled to 2% for the first year.

Whether or not this is a good offer depends almost entirely on how much you expect to spend in your first year, but one nice thing about Cashback Match is that it’s not all or nothing. Traditional credit card bonuses require you to spend a certain amount of money over your first few months with the card. If you hit the mark, you get the bonus. If not, you don’t.

Cashback Match means you won’t have to keep an eye on the calendar or carefully add up your transactions to see if you’re on track — so one less thing to worry about.

Who should and shouldn’t consider the Discover It Chrome for Students

This almost goes without saying, but the Discover it® Student chrome is best for … students. If you’re not currently in school but interested in a card like this, you’re better off applying for the regular Discover it® chrome. 

Even if you are a student this may not be the …read more

Source:: Business Insider

      

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