If you're a student searching for a credit card to help you establish a solid credit history while rewarding your everyday spending, consider applying for the Discover It Student Chrome credit card. Because of its many perks, this card is frequently chosen by students just starting to use credit. One of the best features of the Discover Me Student Chrome card is the cash-back rewards program. In addition to the regular 1% return for all other purchases, cardholders are eligible for a 2% cash back bonus at petrol stations and restaurants on up to $1,000 of combined quarterly purchases. In addition, Discover will double your cash back at the conclusion of the first year. The fact that the Discover It Students Chrome card is free of charge is another another reason why so many students choose to get one. There are no hidden costs, such as an annual charge, a price for using a foreign currency, or a fee for being late with a single payment.
Rewards Program
The reward system is a major perk of the Discover It Student Chrome credit card. Up to $1,000 in combined quarterly expenditures at gas stations and restaurants will earn cardholders 2% cash back. Also, they can get 1% back on everything else they buy. This rebate is deposited into the cardholder's account after the close of the billing cycle. The Discover It Student Chrome credit card has a rewards program unlike any other in that the cash back received in the first year is doubled. For the first year of card membership, cardholders are eligible for a bonus equal to the cash back they earn. Because of this, the card is highly recommended for college students trying to establish credit and receive incentives.
Cash-Back System
The Discover It Student Chrome credit card also has a cash-back program. Customers can receive a statement credit, have the cash deposited into their bank account, or redeem it for prepaid gift cards. ShopDiscover, Discover's virtual mall, lets cardholders rack up rewards points from various merchants.
Fees
The absence of an annual fee is a major selling point for the Discover It Student Chrome credit card. This is a huge boon for students who may not have much money to spend on tuition. Also, there are no fees for purchasing in a foreign currency, making it an attractive option for students planning to study or travel abroad. Although there are no annual fees associated with the Discover It Student Chrome credit card, there are additional fees that should be taken into account. Cardholders must complete payments on time to prevent late fees and potential damage to their credit score.
Other Advantages
There are several perks exclusive to cardholders of the Discover It Student Chrome credit card. Among these perks is the opportunity for cardholders to keep tabs on their FICO score without paying anything extra. This is a valuable resource for students who want to establish or keep tabs on their credit. The Discover It Student Chrome credit card also has security features to prevent fraudulent charges. Discover keeps an eye out for any fraudulent activity on its cardholders' accounts and sends out notifications when something seems off. In addition, Discover cardholders have zero liability for fraudulent transactions, meaning they will not be held responsible for any unlawful purchases.
Potential Downsides
There are positive aspects to using the Discover It Student Chrome credit card but some potential drawbacks. While other credit cards issuers like Visa and Mastercard are generally accepted, Discover is not. As a result, students may be unable to use their cards at all stores or locations. Although the Discover It Student Chrome credit card's cash-back system is a nice perk, it may not compare well to the rewards programs offered by other card issuers. Certain loyalty programs, for instance, let you earn points or miles that you can later use to buy stuff or take a vacation. Students who don't do a lot of shopping might not benefit as much from cash-back programs.
Conclusion
If you are a student looking to establish or improve your credit while still receiving rewards on everyday expenditures, the Discover It Student Chrome credit card is a terrific choice. Because of its generous cash-back rewards program, absence of fees, and first-year cash-back match, it is widely considered the best option for students. The card also has several convenient extras, such as an app for mobile use and the option to freeze your account in case of loss or theft. You may monitor your efforts to improve your credit score with Discover's free FICO credit score monitoring. Because this card does not provide any benefits for purchases made in other countries, it may not be the greatest choice for students who frequently travel overseas. Not all students' spending patterns will coincide with the categories that qualify for the 2% cash-back reward.
