At a Glance

Choosing the right credit card can make a significant difference in your financial journey, especially when you’re a student or someone looking to build credit. Discover offers two popular options: the Discover It Cash Back Card and the Discover It Student Cash Back Card. Let’s compare these two cards across various aspects, like reward rates, fees, credit score requirements, and perks, to help you decide which suits your needs.

In this article, you’ll learn:

 

67%

Of college undergraduate students have a credit card.

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FinFact

 

Discover it® Miles

Reward rate1.50%
Reward details1.5X Miles on every dollar of every purchase
Intro Bonus:Equal to the cashback you earn in first year Annual fee$0
Regular APR16.24% - 27.24%
Read full review

Bank of America® Travel Rewards

Reward rate1.5x
Reward detailsEarn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time
Intro Bonus:25,000 Points Annual fee$0
Regular APR17.99% - 27.99%

Difference Between Discover It Cash Back Card and Discover it Student Cash Back Card

1. Rewards rate

Luckily, these cards have the same reward rate. Both cards allow you to earn 5% cash back on rotating quarterly categories (up to $1,500 per quarter), along with 1% cash back on other purchases outside of your bonus category.

2. Annual fees

Neither of these cards charges an annual fee. This is a significant advantage, especially for students or those looking for a credit card without added costs.

3. Sign up bonus

Neither card has a traditional welcome offer, where you earn a certain amount of points or cash back once you spend a certain amount. Instead, the total cash back earned throughout your first year as a cardholder gets doubled. So, if you earn $300 cash back throughout your first year, Discover will give you an additional $300. It’s a great offer if you’re willing to wait to receive it.

4. Credit score required

When it comes to credit score requirements, the Discover it Student Cash Back Card is designed with students in mind. It is more lenient and typically requires a lower credit score for approval. In contrast, the Discover It Cash Back Card may require a slightly higher credit score for approval, making it better suited for individuals with established credit histories.

5. Foreign transaction fees

Both cards are great for international travel as they do not charge foreign transaction fees. This means you can use them abroad without incurring additional costs, making them excellent choices for students studying or traveling overseas.

6. Other perks

The Discover It Cash Back Card often comes with additional perks, like extended warranties, purchase protection, and access to Discover Deals for discounts at various retailers. These perks can be valuable for anyone looking for extra benefits beyond cash back rewards. The Discover it Student Cash Back Card may offer some of these benefits but typically to a lesser extent. For example, both cards offer an introductory 0% APR period on purchases. The Discover offers this period for 15 months and extends it to balance transfers, while the Discover it Student is exclusively for purchases and is only valid for six months from account opening. The base variable APR is also slightly higher on the Student card, 17.24% compared to 16.24%.

Which card is right for you to choose?

1. With no credit history

The Discover it Student Cash Back Card is an excellent starting point if you have no credit history or limited credit history. Its lower credit score requirement and tailored features make it accessible for those new to credit.

2. If you are a student

As the name suggests, the Discover it Student Cash Back Card is designed for students. It offers rewards and features tailored to the needs of students, making it a suitable choice for those pursuing their education.

3. If you live off campus

If you are a student living off campus with a more established credit history, the Discover It Cash Back Card may be a better option due to its higher cash back rewards and additional perks.

Is the Discover It Student Cash Back Card worth it?

The Discover it Student Cash Back Card can be worth it if you are a student looking to build credit responsibly and earn some cash back rewards along the way. It provides a solid foundation for credit building and financial responsibility.

Why consider Discover It cash back credit card?

The Discover It Cash Back Card is an attractive option for those who want to maximize their cash back rewards and take advantage of additional perks that come with the card. If you have a good credit history and are looking for a rewarding credit card, this could be the right choice for you.

FAQs

No, these are two distinct credit cards offered by Discover. The primary differences lie in the rewards, credit score requirements, and features.

The Discover It Cash Back Card may be a good choice if you have a strong credit history or want higher cash back rewards and additional perks. However, if you are new to credit or a student, the Discover it Student Cash Back Card is designed to meet your needs.

Once your credit profile has improved, you can request a product change from the Discover it Student Cash Back Card to the Discover It Cash Back Card. Contact Discover’s customer service for more information on this process.

The credit limit on the Discover it Student Cash Back Card Card varies depending on your creditworthiness. It’s determined by factors like your credit score, income, and credit history.

To choose between these cards, consider your credit history, financial needs, and spending habits. The Discover it Student Cash Back Card may be a better fit if you have a limited credit history or are a student. The Discover It Cash Back Card may be more suitable if you have a stronger credit profile and want higher rewards.

You cannot switch back and forth between these two cards, as they are two distinct products.