The Discover Student Chrome Card
Financial independence is a desired goal for many today, and for young college students, that journey can begin with the Discover Student Chrome Card, which enables more popular options for college students who want to build their credit history and learn how to manage your finances responsibly.
Issued by Discover Financial Services, this card offers a series of benefits specially designed to meet the unique needs of students.
Card benefits:
The Discover Student Chrome Card offers a number of benefits that make it a solid choice for students:
- Receive a generous 2% cash back bonus on your purchases, which include gas stations and restaurants, capped at up to $1,000 per quarter, automatically. And to make things even better, you’ll continue to earn 1% cash back on all your other purchases, no limits.
- Get 1% cashback on all other purchases – at school, at home and everywhere else.
- Cashback Match: Receive a complete, dollar-for-dollar match of all your cash back earnings at the end of the first year, automatically. There is no limit to the amount we will match. This means you have the opportunity to turn $50 cash back into $100, or $100 into $200, with no restrictions.
- Annual fee exemption: an extremely beneficial point for students, as it helps and corresponds in limited conditions
- Exclusive application for Discover It bank customers, with score and credit analysis tools, account analysis and other benefits that provide young teenagers with financial knowledge and education, with constant learning while using the app, with all the services offered .
- Choose a card design: a factor that attracts a lot of attention from young people is a modern card with personality. Therefore, the Student Chrome card has numerous color and model options, which conditions visibility, style and exclusivity for the card holder.
- Refer a Friend: Demonstrates credits for successful friend signups.
Fees and tariffs:
Interest rate
Regular APR: 18.24% – 27.24% Variable APR Purchase Intro APR: 0% for 6 months
Balance Transfer Intro APR: 10.99% for 6 Months
Rates
Annual Fee: $0
Balance transfer fee: 3% initial balance transfer fee, up to 5% fee on future balance transfers (see terms)
Foreign Purchase Transaction Fee: None
How to redeem rewards?
Rewards obtained with the Discover it Student Chrome card can be redeemed flexibly and without value restrictions. These rewards are permanent and will be credited to your account even if you decide to close the account. You have several options to redeem your prizes, the alternatives being:
- Invoice Credit: You have the option of using your cashbacks directly to reduce the value of your credit card bill, which will result in a reduction in the balance you need to pay.
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Transfer to Current Account: Additionally, students have the freedom to transfer their cashbacks directly to their bank accounts, offering them the freedom to use them as they wish.
- Gift Certificate: An additional alternative is the ability to exchange your cashbacks for gift certificates at partner stores, further expanding the options available for using the rewards.
What are the requirements to apply for the Student Chrome card?
Be at least 18 years old Have a US address
Have a social security number
Provide all required application information Present proof of school enrollment
Tip on responsible card use:
- Make all your payments on time. This attitude is a great start for the responsible use of credit.
- be sure to pay at least the minimum amount due each month.
- Avoid paying interest on purchases by paying the balance in full on the due date each month.
As they are young and are beginning their financial life, with payments and a greater intensity of responsibility and commitment, they must pay attention to some actions and use of cards. To help and assist you in this time of adaptation, Discover It provides its customers with email and text message notifications that you can activate to stay up to date with the following events:
- When your account statement is ready for viewing
- When it’s time to make the minimum payment.
- When a payment is registered.
- If your card is declined for a transaction.
- When a refund for a purchase at an establishment is processed.
- When a balance transfer to complete.
In summary, the Discover Student Chrome Card is an excellent tool for college students who want to build their credit history, learn how to manage their finances, and earn rewards.
