After you graduate from college, your student credit card will become a standard credit card. Use your Discover student login to set alerts, view your FICO® Score for free1 and more, all from your smartphone, tablet or wearbale. 3% balance transfer fee for transfers made in the first 120 days (5% after). See Discover.com/FICO about the availability of your score. Please allow up to 1-2 billing periods for the statement credit to post to your account after each referral is approved. Requirements for this card are typical in terms of age and residency. You are not eligible to refer a friend if you have a Discover it® Secured Credit Card, or Discover it® Business Card. You need a 700+ credit score to get most Discover credit cards, but there’s no minimum credit score needed for three Discover cards. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. An annual percentage rate (APR) is an interest rate that determines the finance charges you pay on your account if you carry a balance or take a balance transfer or cash advance. … read full answer. Valid Social Security number (cannot apply with ITIN), Not have too many recent credit inquiries (best to only apply for one card each year), No more than one other Discover card account (limit two overall), Not have too many other negative points on your credit report (e.g. And you may qualify for a credit line increase to handle expenses more easily after school. When used responsibly, Discover student credit cards are a great way to build credit while earning cash back rewards on every purchase. Maximum referral of 10 rewards ($500) per calendar year. Please contact your tax advisor. Students earn 5% cash back on everyday purchases during the school year (and all year long) at different places each quarter, such as. This deposit is fully refundable when you close your account with a $0 balance. Valid Social Security number (cannot apply with ITIN) Enough income to afford a credit card. Opinions expressed here are the author’s and/or WalleHub editors'. What happens to my Discover student card when I graduate? This promotional offer may not be available in the future and is exclusively for new cardmembers. Discover it Student Cash Back Review – WalletHub Editors, How to Get a Credit Card - Tips & Requirements. Many students worried about getting approved for a credit card want to know whether financial aid can be included in their income. The Discover it Student chrome and Discover it Student Cash Back cards give cardmembers regular cashback rewards, an annual statement credit for good grades, plus you can get a one-time good grade cash reward for having an eligible Discover student loan. The Discover it® Student chrome offers decent ongoing rewards in specific categories, while the Discover it® Student Cash Back credit card earns … restaurants (including cafes and fast-food), on up to $1,000 in combined purchases each quarter.2. Typically, you must be at least 18 to apply for a credit card. Student credit cards may have a lower credit limit, so students can get started, practice responsible use and build their credit history. Anyway, I'm looking to have this card until I can build enough credit and get a better card with a lower interest rate. The best credit cards for international students all have a few things in common. Wells Fargo Platinum card - Intro APR of 0% for 18 months on purchases and 0% for 18 months on qualifying balance transfers on balance transfers. Secured credit cards require a security deposit, and the card’s credit limit is equal to the amount of the deposit. Gas Stations affiliated with supermarkets and supercenters may not be eligible. We'll match all the cash back rewards you've earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. Checking for pre-approval won't hurt your credit score. Of course, there are other things that affect the application process too, like income and the number of recent inquiries on your report.… read full answer. If you can pay for a security deposit, you can most likely get the card. Popular Credit Cards for a 600 Credit Score: To learn more, check out WalletHub’s guides on secured credit cards and how to rebuild credit. The biggest obstacle is that you cannot already have two or more Capital One cards. Statement Credits you receive may be taxable to you. But you do want to focus on cards that require “good” credit or below, since 700 is a good credit score. How long does it take to get approved for a Discover student credit card? Students with a Discover it ® or Discover it ® Chrome card who have a GPA of 3.0 or higher (or equivalent) during a School Year (September - August) may apply at Discover.com for a $20 statement credit ("Good Grade Reward"). Touch device users, explore by You earn a full 2% Cashback Bonus® on your first $1000 in combined purchases at Gas Stations (stand-alone), and Restaurants each calendar quarter. Discover it® Student Cash Back, @t_lindsay No rewards. Use your Discover student login to set alerts, view your FICO® Score for free1 and more, all from your smartphone, tablet or wearable. You must also be a college student — part of the application process is noting whether you are enrolled in a two- or four-year college or university. If you are under 21, you must provide proof of your independent income or assets to show that you will be able to repay the amount you charge. What’s the difference between a student credit card and a regular credit card? We will not match: rewards that are processed after your match period ends; statement credits; rewards transfers from Discover checking or other deposit accounts; or rewards for accounts that are closed. As far as how they check if you are a student, that's pretty easy, they ask what school you go to, what year you are, your expected graduation date and what degree you're going for on the application. Then 12.99% to 21.99% Standard Variable Purchase APR will apply. If you’re not sure where to start looking for secured credit cards for a 600 credit score, WalletHub has picked out a few examples of popular offers. You’ll keep the same cash back program and card design. Although not quite 70 years old, the credit card has quickly become a fixture of American consumer finance, which means there are a handful of common credit card requirements consumers may come across.. Late payments, delinquencies or other derogatory activity with your other credit card accounts and loans may impact your ability to build credit. When you graduate, we encourage current student card members to call us to update their personal information such as income, housing, e-mail and address. The Discover student credit card requirements are for you to be at least 18 years old and have U.S. citizenship, a Social Security number and income. Here are the best credit cards for 700 credit scores: As you may have noticed, a lot of the best credit cards for 700 credit scores don’t have annual fees. Popular Credit Cards for a 600 Credit Score, BBVA Compass Business Secured Credit Card, Navy Federal Credit Union nRewards® Secured Credit Card, To learn more, check out WalletHub’s guides on. What is the limit on Discover Student Card? In addition, it is not any company’s responsibility to ensure all questions are answered. Good Grade: Good Grade Reward only available to new cardmembers on or after 7/23/2015 who indicate on their application that they are currently enrolled in college, and whose accounts are current and remain open when the Good Grade Reward is requested. Only purchases made from merchants located in the United States are eligible for 2% Cashback Bonus. How do you avoid paying interest on a credit card? The helpfulness of a financial advisor's answer is not indicative of future advisor performance. Last reviewed on 07/05/19. First posted on 04/25/18 40,000 bonus points for renewing your card every year. Some require a Social Security number or an Individual Taxpayer Identification Number. You’ll still enjoy all your rewards and other student card benefits without paying interest charges. How to handle credit card payments like a, Visit the Discover Credit Resource Center for, Learn The best credit card for a 700 credit score could be Capital One Venture if you’re eager to earn travel rewards, Blue Cash Preferred® Card from American Express if you’d prefer cash back or Wells Fargo Platinum if you want 0% APRs. Of course, there are other things that affect the application process too, like income and the number of recent inquiries on your report. The student Discover card starts at 0% intro APR† †† for 6 months on purchases. Plus, earn unlimited 1% cash back on all other purchases like books, groceries and college staples with the student Discover card designed for your lifestyle, on campus and off. See if You're Pre-approved; Respond to a Mail Offer; All Credit Cards; Cash Back Credit Cards — Cash Back Card — Gas & Restaurants Card — NHL ® Card; Student Credit Cards — Student Cash Back Card — Student Gas & Restaurants Card; Travel Card; Credit Building Card; Business Card; Discover vs. A good way to figure out whether you’re eligible for a particular credit card with your 700 credit score is to check for pre-approval on the issuer’s website. You may want to hire a professional before making any decision. Students with a Discover it® or Discover it® Chrome card who have a GPA of 3.0 or higher (or equivalent) during a School Year (September - August) may apply at Discover.com for a $20 statement credit ("Good Grade Reward"). Rewards are added to your Cashback Bonus account within two billing periods. They also have the same annual fee ($0), foreign transaction fee ($0) and first-year bonus (rewards doubled). If you’re pre-approved for a card, you’re not guaranteed approval, but your odds are high – usually around 90%. Each eligible friend will receive a $50 statement credit after making a purchase within three months of opening a new account. Purchases made through third-party payment accounts, mobile or wireless card readers, virtual wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. more in the Discover Help Center. It all depends on your individual needs, as no card does everything best. $75 annual fee. 2% Cashback Categories: In accordance with standard industry practices, merchants are assigned a merchant category code (MCC) typically based on their line of business, or the type of products and/or services they primarily sell or provide. You can even view your FICO® Credit Score for free.1. So you can pick up some great perks without having to shell out money for the privilege of having a card. And all of them are available to students who aren't U.S. citizens. Acceptance: According to the Feb 2020 issue of the Nilson Report. Here are the Discover student card requirements: 18+ years old. 10/28/18. Thanks to the CARD Act, individual credit card applicants must be at least 21 years of age unless they meet specific conditions. 3% foreign transaction fee. Cashback Match: Only from Discover, as of October 2020. While many things might be changing in your life, your Discover Student card doesn't have to. In fact, you can avoid paying interest on student credit card purchases entirely by paying off your entire student card balance due on your monthly statement in full and on time every month. They work exactly the same, but student cards carry lower credit limits and offer students an increased likelihood of approval. And, naturally, you’ll have to be a student. Discover student card eligibility requirements To qualify for a student credit card with Discover, you need to be 18 years or older and have a steady source of income. Started out as Discover Student and I think I'm at Discover More now or something. You might need a new student credit card for a number of reasons, but simply replacing your credit card will not affect your credit score. But you do want to focus on cards that require “good” credit or below, since 700 is a good credit score. You agree that we may provide you with your pre-approval decision and application decision and, if approved, any disclosures, notices or other information (collectively "disclosures") legally required in connection with your Discover card Account electronically rather than in paper form. on up to $1,000 in combined purchases each. Does Bank of America Platinum Plus have a foreign transaction fee? Please give us two billing cycles to process your request. Action required: Update In order to enjoy the full experience of the Discover Restaurant purchases include only those made at merchants classified as full-service restaurants, cafes, cafeterias and fast food locations. Here are the Discover student card requirements: Overall, the Discover student card requirements aren’t too hard to satisfy. That’s because Discover reports your credit history to the three major credit bureaus so it can help build your credit if used responsibly. You'll autocomplete results are available use up and down arrows to $95 annual fee. The best credit cards for a 600 credit score are secured cards because they offer easy approval and are often much less expensive than unsecured credit cards for bad credit. And all your other purchases still earn 1% cash back automatically, with no limit. 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