Discover it Student Cash Back Credit Card Review

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The Discover it® Student Cash Back has no annual fee and offers 5% cash back on rotating categories and doubles all of your cash back in the first year. 

Discover it® Student Cash Back
  • 5% Cash Back in Quarterly Categories Up to $1,500 in Purchases Each Quarter When You Activate Offer
  • 1% Cash Back On All Other Purchases
  • Discover Will Automatically Match All the Cash Back You Have Earned at the End of the First Year
  • No Annual Fee
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Discover it Student Card Benefits

The Discover it Student card has very limited benefits compared to other no annual fee cards such as the Chase Freedom Flex or the Freedom Unlimited, but it does offer:

No Foreign Transaction Fees– You can use your Discover it Student card anywhere in the world without having to pay foreign transaction fees, which are typically 3%. 

Free Credit Alerts- You can set up free alerts when your social security number is found on thousands of dark web websites.  Or when any new credit card, mortgage, car loan, or other credit account shows up on your credit report.

Ability to Freeze Your Account– You can freeze your Discover it Student card at any time to prevent new purchases on the card.

Redeeming Cash Back

You can redeem your cash back very easily in several different ways including:

  • A statement credit to reduce your balance.
  • Direct deposit into any bank account.
  • Charitable donations.
  • Pay with rewards at select retailers such as

You can also redeem your cash back for gift cards that are sometimes offered at a discount such as $20 for a $25 gift card.

The Verdict

The Discover it Student Card is valuable in the first year where you get 0% APR plus double cash back on all of your spending.

If you maximized the 5% cash back in your first year, you would receive $600 in cash back plus 2% cash back on all your other spending.

However, after the first year, we recommend you only use the card for the 5% cash back categories because 1% cash back is uncompetitive compared to the no annual fee Citi Double Cash.

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