It’s not always easy for students to get approved for credit cards, and there are only a few decent ones out there. Fortunately, Discover recognizes the need for students to begin building their credit and offers several great options for student credit cards, including the Discover it Chrome. Let’s take a look at some of the great benefits to this ideal student card, so you can decide if it’s the right one for you!
No Annual Fee!
Once again, Discover comes through, and there is no annual fee for the Discover it Chrome credit card. When you consider that most credit cards, especially ones intended for students (generally a riskier crowd in the eyes of lenders), this is a big deal. Enjoy all of the perks of having a Discover card, without having to pay a dime in annual fees.
0% Introductory APR for 6 Months
Not only will you pay no annual fees, you will pay nothing in interest for the first 6 months that you have the card. This introductory APR applies purchases. After the 6 month introductory period, you will pay between 12.99-21.99% APR on purchases.
Low Balance Transfer APR
For the first 6 months that you have the card, you can transfer balances from another card and enjoy a low APR of 10.99%. At the end of the introductory period, your APR 10.99% – 21.99%( Variable) for balance transfers, as well as any remaining upaid balance previously transferred.
Earn Great Rewards and Bonuses
For every dollar that you spend, you earn 1% cash back. This reward rate is doubled for gas stations and restaurants, allowing you to earn 2% cash back on the first $1,000 in purchases made in these categories quarterly.
Online Shopping Deals
You can get some amazing deals, and save between 5-20% when you shop online from many major retailers through the ShopDiscover.com online shopping portal.
Instant Redemption at Amazon.com
Redeem your rewards instantly at the amazon.com checkout! Rewards are equal to 1 point = 1 dollar at the Amazon checkout. Seamless and simple, one of the easiest ways to redeem!
Great Customer Service
One thing that Discover is consistently recognized for is great customer service. You have access to live help 24 hours a day, 7 days per week, to answer questions and resolve issues. You will never have to wait for service hours or spend endless hours on hold to get a problem solved with Discover.
Monitor Your Credit Score
Discover provides a FICO score for every customer right on the monthly statement. You will never wonder where you stand when it comes to your credit score, because it is so easy to monitor this way.
Full Fraud Protection
Discover protects its customers from any fraudulent transactions and any identity theft, with a zero liability policy. As long as you report your card lost or stolen right away, you will not be held responsible for unauthorized purchases.
The Nitty Gritty
Discover it Chrome credit card for students has no annual fee. There is a 6-month introductory period with 0% APR, after which you will pay 12.99-21.99% APR. Balance transfers have an APR of 10.99% for the first 6 months, and 12.99-21.99% after that. Balance transfer fees are 3%. There are no late payment fees for your first late payment. There are no foreign transaction fees.
The Discover it Chrome credit card for students offers some terrific rewards. With cash back earning rates higher than any other student credit card, and bonus categories available, this card is very attractive for those just starting out. No annual fee and a great introductory period of 6 months with no interest really seal the deal!