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Updated August 6, 2012

Discover Student Card Review

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The Discover Student card offers cash back and a great interest rate, without charging an annual fee. Mobile account management and helpful customer service also makes this card easy to use. Students who might carry a balance but still want a reward credit card should check out the Discover Student card.

12/13/2013 Update: We're sorry, Discover® Student More Card - $20 Cashback Bonus is no longer available on CreditDonkey. This offer may have been discontinued or may no longer be available to new applicants.


Another nice benefit of the Discover Student card is that it comes with an introductory annual percentage rate (APR) of 0% for purchases. The intro rate lasts for the first 6 months and after that will be as low as 12.99% as determined by creditworthiness and other underwriting factors. This is a great rate for students considering the average rate for rewards credit cards was 17.27% as of July 31, 2011.

One drawback of this card is the APR for cash advances. While the APR for purchases can be as low as 12.99%, the APR for cash advances is as low as 24.99%. This means you will only want to use your credit card to draw out money in instances of emergency and you’ll want to repay that amount immediately. Otherwise, you’ll be paying quite a bit in interest.

While the cash advance APR is a drawback, two features that make this student card worthwhile are the cashback rewards and account management capabilities.

Easy Cash Back

Students earn up to 1% unlimited cashback bonus on their purchases with this credit card. It’s important to note that the cardholder must first make $3,000 in purchases before they start to earn the 1% bonus. During the first $3,000 of purchases, cardholders do earn 0.25% in cashback.

To help increase possible earnings, there is a 5% cashback bonus when cardholders use their Discover Student card for purchases in specific merchant types like travel, department stores, gas, groceries and restaurants. Cardholders do need to enroll for the 5% bonus and should be aware that there are specified limits on the bonus; once the maximum bonus amount has been earned, cardholders will earn their regular 1% cashback in these categories.

To maximize cashback earnings, students are able to shop through Discover’s exclusive online shopping mall. By shopping through the online mall, students can earn anywhere from 5% to 20% depending upon the selected merchant. Cardholders can make their earned rewards go even further when they choose to redeem their points for gift cards or eCertificates instead of cash.

Easy to Manage

Discover has acknowledged students’ need for easy management of credit cards. With their mobile banking, cardholders are able to view and manage their Discover account at anytime from anywhere. Mobile banking features account summary, transaction history, rewards and payment capabilities. This makes it easy for students to make payments on the go so they don’t accrue late fees or interest charges.

Discover also has a robust customer service team that helps out first time credit card users. Available through the phone or email, the customer service team is available to help cardholders with their account and answer important questions. And they promise timely response to emails so cardholders can avoid unnecessary fees.

12/13/2013 Update: We're sorry, Discover® Student More Card - $20 Cashback Bonus is no longer available on CreditDonkey. This offer may have been discontinued or may no longer be available to new applicants.

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Meghan C is a contributing writer at CreditDonkey, a credit card comparison and financial education website. Our data-driven analysis has been recognized by major news outlets across the country and has helped consumers make savvy financial and lifestyle decisions. (read more)

Editorial Note: This content is not provided by Discover. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Discover. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on August 12, 2011. This content may have been updated on August 6, 2012. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Discover website for updated information.

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Comments about Discover Student Card Review

  • yumi from California
    on August 14, 2011 11:58 PM said:

    you should actually split it up. Use Discover for the 5% for the category they have, and use the capital one student card (1.25% cash back) instead for all other purchases. that way, you get the most out of it.

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