Discover It Student Chrome Credit Card: Build Credit and Earn Rewards with No Annual Fee
The Discover It Student Chrome Credit Card is designed to help students build credit while enjoying various benefits and rewards. This card stands out for its cashback rewards on everyday purchases and no annual fee, making it an excellent choice for students looking to establish their credit history responsibly. Additionally, the Discover It Student Chrome Credit Card offers incentives like a Good Grades Reward, which provides students with a statement credit for maintaining a high GPA, further encouraging responsible financial and academic habits.
The card’s user-friendly features and supportive tools make it an ideal financial product for students navigating the complexities of managing their own credit for the first time. With added features like free access to your FICO credit score and flexible payment options, this card is tailored to support students in developing sound financial practices that will benefit them long after graduation.
History of Discover
Discover Financial Services, established in 1985, has grown to become one of the leading financial institutions in the United States. The company’s roots trace back to Sears, Roebuck & Co., which launched the Discover Card to provide a unique credit card option with cashback rewards. This pioneering move set the stage for Discover to become a major player in the credit card industry, known for its customer-centric approach and innovative features. Over the years, Discover has expanded its offerings, focusing on innovative financial products and excellent customer service.
The company’s portfolio now includes a wide range of credit cards, personal loans, student loans, and online banking services, catering to diverse customer needs. Discover’s commitment to transparency and customer satisfaction has helped it build a strong reputation, making it a trusted name in the financial sector. Today, Discover is renowned for its commitment to providing valuable financial solutions, including credit cards, personal loans, and banking services, while continually innovating to meet the evolving demands of its customers.
Benefits of the Discover It Student Chrome Credit Card
The Discover It Student Chrome Credit Card offers a variety of benefits tailored to students. Here are some of the key features:
Cashback Rewards
2% Cashback: Earn 2% cashback at gas stations and restaurants on up to $1,000 in combined purchases each quarter.
1% Cashback: Receive 1% cashback on all other purchases, making every transaction rewarding.
Introductory APR
0% Introductory APR: Enjoy a 0% introductory APR on purchases for the first six months, providing a great opportunity to manage expenses without interest.
Good Grades Reward
Receive a $20 statement credit each school year your GPA is 3.0 or higher for up to five years.
Discover Match
Cashback Match: Discover will automatically match all the cashback you’ve earned at the end of your first year, doubling your rewards without any caps or restrictions.
No Annual Fee
Unlike many other credit cards, the Discover It Student Chrome Credit Card has no annual fee, making it cost-effective for students.
FICO Credit Score
Free FICO Credit Score: Access your FICO Credit Score for free, helping you track your credit progress and stay informed about your credit health.
Loan Options and Installment Program
The Discover It Student Chrome Credit Card offers flexible payment options, allowing cardholders to manage their finances more effectively. This flexibility is crucial for students who may have fluctuating incomes and varying expenses.
Balance Transfer
Transfer balances from other credit cards to your Discover It Student Chrome Credit Card and take advantage of lower interest rates. This option can help consolidate debt and make it easier to manage monthly payments.
Flexible Payment Options
Choose from various payment plans to fit your budget, including setting up automatic payments to ensure you never miss a due date. Additionally, Discover provides tools and resources to help you plan and track your spending, making financial management more accessible and less stressful for students.
Eligibility for the Discover It Student Chrome Credit Card
To apply for the Discover It Student Chrome Credit Card, applicants must meet specific eligibility criteria.
- Student Status: Applicants must be college students enrolled in a two- or four-year college or university.
- Age Requirement: Applicants must be at least 18 years old to apply.
- Credit History: While the card is designed for students with limited or no credit history, having some credit experience can be beneficial.
- U.S. Citizenship: Applicants must be U.S. citizens or permanent residents with a valid Social Security number.
How to Apply
Applying for the Discover It Student Chrome Credit Card is a straightforward process. Follow these steps to complete your application:
Step 1: Gather Required Information
- Personal Information: Have your personal details ready, including your full name, address, and Social Security number.
- School Information: Provide information about your current school, including its name and your expected graduation date.
- Income Information: Be prepared to disclose your income, including any part-time jobs or allowances.
Step 2: Visit the Official Website
- Go to the official Discover It Student Chrome Credit Card application page at Discover It Student Chrome.
Step 3: Complete the Online Application
- Online Application: Fill out the online application form with the required information. Double-check all details to ensure accuracy.
- Submit Application: Submit your application for review. Discover will process your application and notify you of their decision.
Step 4: Receive Your Card
- Approval: If approved, you will receive your Discover It Student Chrome Credit Card in the mail within a few business days.
- Activate Card: Activate your card by following the instructions provided with your card.
Opinion and Additional Tips
The Discover It Student Chrome Credit Card is an excellent choice for students looking to build credit while enjoying valuable rewards and benefits tailored to their needs. Here are some tips and considerations:
Positive Aspects
- Rewards: The cashback rewards program is generous, especially with the Discover Match feature doubling your first-year rewards.
- No Annual Fee: The absence of an annual fee makes this card cost-effective for students on a budget.
- Credit Building: Regular use and timely payments help establish a solid credit history, crucial for future financial endeavors.
Negative Aspects
- Limited Rewards Categories: The 2% cashback is limited to gas stations and restaurants, which may not cover all student spending categories.
- Foreign Transaction Fee: This card charges a foreign transaction fee, making it less ideal for international use.
Environmental Impact
- Eco-friendly Practices: Discover has initiatives to reduce its environmental footprint, such as paperless statements and digital account management. Opting for these features can contribute to environmental sustainability.
Customer Service and Support
For any queries or assistance, Discover offers various customer service channels:
- Phone Support: Call 1-800-DISCOVER (1-800-347-2683) for 24/7 customer service.
- Online Chat: Access the online chat feature on the Discover website for real-time support.
- Mobile App: Download the Discover Mobile App for Android and iOS for easy account management and support.
The Discover It Student Chrome Credit Card offers numerous benefits for students looking to build their credit history while earning cashback on everyday purchases. With no annual fee and flexible payment options, this card is designed to be student-friendly and cost-effective. Additionally, features like the Good Grades Reward and the Cashback Match at the end of the first year provide substantial incentives for responsible financial behavior.
By understanding the application process and eligibility criteria, students can make informed decisions and take advantage of the rewards and benefits offered by this card. This combination of features makes the Discover It Student Chrome Credit Card a practical and appealing choice for students aiming to establish a strong financial foundation during their college years.
Enjoyed this guide? Explore more credit card options for Canadians on our site.
