Both Discover card and Discover student credit cards are specifically designed to help young people develop their credit rating and learn good financial habits while attending college, but they're also different in how much rewards they provide. The Discover It Student Cash Back allows cardholders to earn 5% cashback on every purchase they make, and then up to $1,000 (then again, then only) in other reward categories. For example, a Discover it card can be used at grocery stores and drugstores as well as gas stations, so you will be able to maximize your rewards. It will help if you are a student, however, since you will need to report your spending patterns to the credit bureaus in order to receive these rewards.
The Discover it card is available for those that have not yet established credit and don't have any outstanding debt. In other words, you don't have to have a revolving balance to receive this rewards. If you have an active checking account with a major bank, then the Discover it card will offer you a higher rate of interest on purchases you make with the card than with another bank, since the interest rates are generally lower at the major banks.
There are no annual fees to worry about either, as long as you pay your minimum monthly payments on time. If you're a student looking for a way to build up your credit score, this is a great option for you. In addition to this cashback and no annual fee, Discover offers great perks as well such as access to special deals on airline tickets and rental cars.
These types of credit cards aren't hard to find, because there are so many companies that are willing to offer them. However, the best place to find one is through a website like Cash Rebate Hometown, because they provide the most information about the companies and the rewards offered. Once you have found a company you're interested in, all you have to do is apply for the Discover It card, complete the application, and wait for it to process, then print out your card. and show it to your card provider.
This is a great way to get free money without spending a lot of money, since Discover cards don't have to charge you for their services and you only pay a small one-time fee to receive the rewards. They give you the opportunity to earn cashback rewards and even cash rewards off the purchase price of everyday items when using your card, which will help you save money on many things when you get your Discover card.
These cards really work for college students, because there are so many ways you can earn these rewards, and because you won't need to pay any annual fees when using your card. If you want to build up a solid credit rating and start building up your credit history, this is a great choice to use to boost your chances of getting approved for future cards, too. It's just as good of a choice if you're a working adult that has started a career in finance and just starting your new job, too, since it will help you build a good history with the companies that you use to make purchases with.