Discover it® Student Chrome: Growing together!

The Discover it® Student Chrome card is an excellent choice for students looking for financial benefits and the opportunity to build their credit history. This card offers three main advantages:

First, you can earn 2% cashback at restaurants and gas stations, giving you significant savings on common expenses.

In addition, the card offers 1% cashback on all other purchases, making it versatile for everyday expenses, from online shopping to supermarkets.

A unique feature is the automatic cashback matching policy in the first year, where Discover will double your earnings at the end of the first year of use.

Other benefits include no annual fee and the opportunity to monitor your credit progress for free. 

This card is a smart tool for students who want to save money and establish a solid foundation for their credit history, providing substantial financial advantages in the process.

How the Discover it® Student Chrome card works

The Discover it® Student Chrome card is a credit card designed for university students. It works by allowing cardholders to make purchases as they would with any other credit card, accumulating cashback on their transactions. 

It offers 2% cashback at restaurants and gas stations, as well as 1% cashback on all other purchases. After the first year of use, Discover automatically combines the cashback earned, doubling the first year’s earnings. 

It also has no annual fee and rewards students with a bonus for good academic performance. It’s an effective way to save money and build a solid credit history while you’re at college.

Advantages of the Discover it® Student Chrome card

The advantages of the Discover it® Student Chrome card are remarkable. This card is specially designed for students, offering an attractive cashback system. 

You get 2% cashback at restaurants and gas stations, as well as 1% on all other purchases, making it ideal for saving money on everyday expenses. 

After the first year, Discover automatically combines the cashback earned, doubling your earnings. What’s more, it has no annual fee, which makes it affordable for students just starting out in their financial lives. 

The card also rewards good academic performance by offering a refund credit equivalent to one month without interest. 

In short, Discover it® Student Chrome offers an effective way to save, build credit and be rewarded for being a successful student.

Disadvantages of the Discover it® Student Chrome card

Although the Discover it® Student Chrome card offers many advantages, it also has some disadvantages to consider. 

One of them is the need to have a sufficient credit history to be approved, which can be a challenge for students who are just starting to build their credit. 

In addition, the interest rate applied to unpaid balances can be relatively high, making it important to avoid accumulating debt. 

The policy of cashback limited to 2% on restaurants and gas stations, while 1% on other purchases, may not be the best option for people who spend most of their money in other categories. 

However, with responsible use, these disadvantages can be minimized, allowing students to take advantage of the card’s benefits.

How to apply the card with the Discover it® Student Chrome card

1. Check the Requirements: Make sure you meet the requirements to get the card, including being a university student or soon to become one.
2. Research and Compare: Do online research to understand the specific terms and benefits of the Discover it® Student Chrome card. Compare it with other available cards to determine if it meets your needs.
3. Online Application: Go to Discover or the issuer’s website to fill out an online application. You will need to provide personal information such as name, address, income, social security number and academic information.
4. Approval: After submitting the application, it will be evaluated by the card issuer. They may check your credit history, income and academic information. Approval usually takes some time, and you will receive a reply by email or post.
5. Receiving the Card: If approved, you will receive the card by post. Activate it by following the instructions provided.
6. Start Using: Now you can start using your Discover it® Student Chrome card to make purchases. Remember to use the card responsibly and make timely payments to avoid interest and improve your credit history.

Make sure you read the specific terms and conditions of your Discover it® Student Chrome card and understand its fees, credit limits and reward policies before using it.

Conclusion

The Discover it® Student Chrome card is a smart choice for students looking to save money, build credit, and be rewarded for their academic success. With its cashback rewards, no annual fee, and unique first-year cashback match, it provides substantial financial benefits. However, students should be mindful of the credit history requirement and high-interest rates on unpaid balances. By using the card responsibly, students can maximize its benefits and establish a solid foundation for their financial future.