Discover it® for Students, issued by Discover Financial (DFS), is one of the most popular student credit cards as it lets you earn 5% cash rebates on changing categories of purchases (up to $1,500 spent), and up to 20% cash back on purchases in Discover’s online mall. Unlike a debit card, the Discover it® for Students will help you build a credit history while you are in college; if you make purchases with it and pay your bills on time, you would build a good credit score over time, which is essential when you apply for loans or get a job in the future.

Here's a detailed review of the Discover it® for Students, one of the best credit cards for students in the US, and I'll tell you what I like and dislike about this card.

Things We Like About This Card

No annual fee for you or for any additional cardholders. No reward redemption fee too.

0% introductory APR on purchases for the first 6 months. After that the standard variable purchase APR will be from 12.99% - 21.99%, depending on your creditworthiness.

For a limited time, Discover is offering another version of this card called the Discover it® for Students with $20 Cashback Bonus card. It has all the same features of the standard Discover it® for Students card with a couple exceptions: this card does not come with a 0% intro APR period for purchases, so you'll have a standard variable purchase APR of 12.99% - 21.99% right from the start. This card gives you a $20 Cashback Bonus when you make your first purchase within 3 months of card approval. To get this Discover it® for Students with $20 Cashback Bonus card, click here to apply now.

10.99% introductory APR on balance transfers for the first 6 months. After this introductory period to pay off balances transferred to this card, you'll have a variable balance transfer APR of 12.99% - 21.99% depending on your creditworthiness. This intro APR applies to balances transferred to this account before April 10, 2015.

Earn 5% Cashback Bonus in changing categories throughout the year, such as movies, restaurants, gas stations, department store, etc. with a cap of $1,500 per quarter. This is one of the best benefits of the Discover it® for Students Card. Keep in mind that you must enroll (it's free and easy) for each 5% program in advance! If you spend above the specified amount for each category, the excess will automatically earn up to 1% cash back.

Here is the cashback calendar for 2014

January-March: Restaurant and Movie purchases
April-June: Home Improvement Stores, Furniture Stores, Bed Bath & Beyond.
July-September: Gas stations.
October-December: Online shopping and department stores

Earn unlimited 1% Cashback Bonus on all eligible purchases every year. You will get 1% cash back for every purchase you make, and you receive this cash back automatically.

Receive 5% to 20% Cashback Bonus when you shop online at ShopDiscover, Discover's exclusive online shopping mall with over 100 retailers.

Redeem your Cashback Bonus for merchandise, gift cards, Discover gift cards or cold hard cash. If you prefer cash, you can redeem for cash in the form of a direct deposit to your bank account or a credit to your Discover it card account in $50 increments, starting at $50.

Rebates don't expire and there is no limit as to how much you can earn with them. However if your account is closed for any reason or inactive for 18 consecutive months or if you don't make any minimum payment due for two consecutive billing periods, your rebates will be forfeited.

Talk to a real U.S. based customer service representative when you call their hotline. If you have any questions about your card, they will try to answer your questions within 3 minutes. How refreshing!

Free FICO® credit score online and on your monthly statements. This is a great way to stay on top of your credit!

Choose from 5 card designs. With these designs to choose from, there's surely one that fits your style.

Receive account alerts if any unusual activity takes place in your account. You will receive phone, text or email alerts if any unusual activity takes place. Your account is monitored every day and each time you make a purchase, and you won't be responsible to pay for any unauthorized purchases made with your Discover it card.

Free text alerts when your payment is due will help avoid making late payments on your card. And the free mobile app will make it easier for you to check your account on the go.

No foreign transaction fee. You won't have to pay any foreign transaction fees when using this card.

No late fee charges on your first late payment. After that, up to $35. Paying late won't increase your APR and there are no overlimit fees

You can read the terms for rates, rewards and free FICO Credit Scores by clicking the apply now button.

Our Least Favorite Things About This Card

You can only cash your rewards when you have at least $50 worth of rebates. This prevents you from cashing your rebates when you have a smaller amount. To redeem for cash, you need at least $50 worth of Cashback Bonus.

  • Our Verdict:
  • 4.30/5 Stars

The Discover it® for Students is a good choice for those who want to earn cash back rewards whether you are buying textbooks, stationery or pizza. If you are financially responsible enough to pay off your balances in full each month, and would like to take advantage of your college years to start building your credit history, then you should consider this card. As long as you pay in full every month on time, you won't incur any interest charges. This Discover it Student Card has a promotion for new sign-ups: You get 0% intro APR on purchases for 6 months, so if you plan to buy something and then pay it off within the first 6 months, you can do so interest-free.

In addition to the amazing rewards program, the Discover it® for Students Card also offers platinum advantages such as online account management, and discounts on products and services at participating retailers. We would definitely recommend the Discover it® for Students Card if you are a student looking for a credit card to help build your credit.

Apply online for the Discover it® for Students and get a response within 60 seconds.

Click here to go to Discover's official application to apply online for the Discover it® for Students Card now.