some of the functionality on our website will not work, such as The smallest amount of money that you are required to pay each month is the minimum payment. Discover it Student Cash Back also has both a $0 annual fee and a 0% foreign transaction fee. Plus, earn unlimited 1% cash back on all other purchases – automatically. Instead, Discover reportedly misrepresented the minimum loan payments owed, the amount of interest customers paid and other information, and also didn’t provide all … With the good grades program, you can earn a $20 statement credit each school year that your GPA is 3.0 or higher (for up to the next 5 years), giving you a little extra cash in your pocket. 0% APR for 6 months on purchases. With no-fee bank accounts and a massive ATM network, Discover is worth a look. You need to have credit to get credit. With Discover it® Student Cash Back, you’ll earn 5 percent cash back in rotating categories like gas, restaurants, Amazon, and more—up to $1,500 every quarter you activate and unlimited 1 percent cash back on all other purchases. Still, 2% back is almost double the average for a cash rewards card, market-wide, according to WalletHub’s latest Credit Card Landscape Report. Discover it® Student Cash Back; Discover it® Student chrome; Rebuilding credit . Just a dollar-for-dollar match. These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment or financial advice. Not now. browser to access this page. For specific advice about your unique circumstances, you may wish to consult a qualified professional. There’s no minimum spending or maximum rewards. What Does It Mean to be “Pre-Approved” for a Credit Card? The Discover It Student Chrome card bests that with 2% cash back on gas and dining, plus a generous cash-back … You’ll also need to track and enroll in bonus categories, which could prove to be too much of a headache. You can configure email and text alerts to notify you when your payment is due. So you could turn $50 cash back into $100. review and enter to select. That’s total, not $1,000 per category. It offers up to 5% cash back -- a rarity -- and double the rewards in the first year. The Discover it® Cash Back is quite popular. Nationwide's cash purchase scheme allows customers to earn 0.25% of what they spend on Select cards taken out before 11 January 2018, as well as Cash Reward cards (which are no longer available for new customers). % cash back at restaurants and gas stations, up to $1,000 spent per quarter.1% cash back on all other purchases. When No annual fee. The total interest will be $5182.95. As you can see, the Discover it® Student Cash Back certainly has some great benefits that trump the Discover it® Secured. Students can get the Discover it® Student Cash Back card without any credit score or history. While the Discover it Student Cash Back Card offers an impressive cash back rate in a variety of spending categories, you’ll only earn 5% cash back in various categories on your first $1,500 in eligible purchases per quarter, then 1%. The Discover It Student Chrome card bests that with 2% cash back on gas and dining, plus a generous cash-back … All non-bonus purchases earn an unlimited 1% back. {see-all-rewards} Discover it ® for Students Card It also helps you determine how much interest you’ll end up paying and what your total payment amount will be. Earn 5% cash back at Amazon.com, Walmart.com and Target.com on up to $1,500 in purchases, when you activate. Why we like it: This is a flexible card with a generous cashback rate. If the entire balance is lower than $20, then the balance amount is the minimum payment. Thankfully, credit card terms can be flexible, and only require you to make a payment of at least the minimum payment each month, on or before the payment due date. So you could turn $50 cash back into $100. You just have to demonstrate that you are at least 18 years old and enrolled in a two- or four-year school. We push beyond the benefits of basic student credit cards with generous cash back on every purchase, ... A minimum payment is the smallest amount you can pay on your credit card bill to avoid late fees and remain in good standing. Also, you must activate the 5% categories each quarter, otherwise you’ll earn just 1% cash back. The Discover it Student Cash Back’s boosted quarterly rewards may include such categories as gas and groceries, making it a snap for everyday spending. The Discover it® Student chrome card is a good option for students to learn how to handle credit. Learn how to get a credit card even if you have no credit history. For example, if your Discover it Cash Back credit card balance is $5000, the APR is 24.99%, the minimum payment is 4% of your balance and the first minimum monthly payment is $200, the results will be the following. Do you know about Discover's cash back program? Discover will automatically match all the cash back you’ve earned at the end of your first year! The total payment amount will be $10182.95. 0% Intro APR † for 14 months on purchases and balance transfers. (Max spend $1,500 per quarter, activation required) The Discover it Student Cash Back is one of the best student credit cards on the market, thanks to its $0 annual fee, impressive cash back rewards rate, first-year cash back match and user-friendly terms. the display of rates and APRs. Get $20 statement credit each school year your GPA is 3.0 or higher for up to the next five years. Instead of a flat 2% on gas and restaurants up to $1,000 per quarter, plus 1% elsewhere, this card offers 5% on up to $1,500 spent each quarter, though the category eligible for cash back changes every … And when you make a charge, you are receiving a loan. Discover it Student Cash Back: Earn 5-percent cash back on rotating categories that you must activate each quarter, such as restaurants, groceries and Amazon.com (on up to $1,500 in spending each quarter, then 1 percent). Student credit cards like these are made for people with limited or no credit, providing a way to start building a positive credit history.. Like the regular Discover it® Cash Back (), this student card comes with an appealing absence of fees and abundance of rewards. Plus, earn unlimited 1% cash back on all other purchases. These free rewards for eligible Discover cardmembers let you earn cash back from using your Discover card…. Receive one year of Amazon Prime Student on Deserve after spending $500 in the first three billing … The Importance of Making the Minimum Payment. There's also no annual fee. As you can see, the Discover it® Student Cash Back certainly has some great benefits that trump the Discover it® Secured. The Discover it® Student Cash Back is one of the most rewarding student credit cards. Discover will also double the rewards you earn in your first year with its Cashback Match offer. Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. That’s a nice perk for students who are studying abroad or traveling internationally during the holidays. Plus, credit cards from Discover have no annual fees, and you can choose cards that provide cash back, help you build credit, or earn travel rewards. The Discover it® Student Cash Back card is one of two Discover student credit cards available right now, and it offers the highest cash back rate among them, at up to 5% back on certain purchases. Additionally, your late payment may be reported to the consumer credit bureaus, which could hurt your credit history and lower your credit score. . Best card for grad students: Discover it Cash Back The Discover it card, by contrast, is more generous. There’s no annual fee for your Discover it ® Cash Back credit card. Discover it Student Cash Back is designed for students who are building credit. The minimum payment on your credit card statement is the smallest dollar amount you must pay in a given month. Discover’s Cashback Match will double that to 10% in the first … Discover it® Student Cash Back: Earn 5% cash back on up to $1,500 per quarter in spending in rotating categories that you activate. So long as you make at least the minimum payment on time each month, your account is considered current. The Discover it® Student Cash Back is beyond impressive. Build a credit history with two great cards for college and beyond. It does not guarantee that Discover offers or endorses a product or service. No annual fee. You will need 169 months to pay off your card. These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment or financial advice. How Can I Double My Rewards with Discover Cashback Match? All rights reserved. be unable to log in to Discover.com in the future if your With no-fee bank accounts and a massive ATM network, Discover is worth a look. $20 statement credit each year your GPA is 3.0 or higher, for up to 5 years. Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. It’s an excellent rewards rate — … However, the operative comparison section to look at is the credit requirements. Plus, you’ll get 1% back on everything else. Finally, Discover has a secured credit card for consumers who need to rebuild their credit. While you can get approved for the Discover it® Secured with bad credit, the Discover it® Student Cash Back requires at least a Fair credit rating. % cash back at restaurants and gas stations, up to $1,000 spent per quarter.1% cash back on all other purchases. The Discover it® Student chrome card is a good option for students to learn how to handle credit. Do NOT follow this link or you will be banned from the site. Since this card has no annual fee that means you can earn quite a profit. One of those terms is that you have to pay back the loan at the applicable annual percentage rate (APR). The minimum credit limit a Discover it® cardholder will receive is $300, and no cardholders reported a Discover it® credit limit above $20,000 (though we’ve personally heard otherwise, with one cardholder reporting a credit limit of $25,500). The Discover it® Cash Back, NHL® Discover it® and Discover it® Student Cash Back offer 5% cash back on up to $1,500 spent each quarter on rotating categories when activated. Earn 1-percent cash back on non-bonus category spending. Discover it® Student Cash Back is a student credit card that helps you build a good credit history while earning up to 5 percent cash back on rotating categories. We can't take into account potential lender fees, payoff schedule can be longer than in the estimation. The credit card statement you receive each month is filled with information, and a number you’ll likely want to pay special attention to is your minimum payment. Feedfeeds is not responsible for any human or mechanical errors or omissions. 12 Designed just for students It will not represent any charges or fees on your account, or payments made, since the statement period ended. The Discover it® Student Cash Back has many of the same perks as the Discover it® Student chrome (which comes in at our #2 slot, see below), but employs a different cash back strategy. Discover Bank offers competitive online banking products with decent rates. Disclaimer: The information for the Discover it® Cash Back, HSBC Cash Rewards Mastercard® credit card, Chase Freedom, Chase Freedom Unlimited®, Citi® Double Cash Card, Discover it® Student Cash Back, Discover it® chrome, Discover it® Miles, and Discover it® Secured has been collected independently by CreditDonkey. However, keep in mind, that if you only pay the minimum, you will carry a revolving balance and you will owe interest on that amount. website, please turn JavaScript on. That’s total, not $1,000 per category. Menu. Consult your credit card statement and the terms of your account to understand exactly how your particular minimum payment is calculated. We can't take into account potential lender fees, payoff schedule can be longer than in the estimation. Your minimum payment could be calculated in several different ways and can vary from card to card. So you could turn $50 cash back into $100. When you fail to pay at least the minimum amount, or miss a payment entirely, there are several negative consequences depending on the type of late payment. The Discover minimum payment is the greater of $20, 3% of the full balance plus any past-due amount, or $15 plus new interest and late fees. So you can earn no more than $80 in bonus rewards per year. The minimum payment amount is different from other amounts that will appear on your paper or digital statements. So, what is your Discover® card minimum payment? Fortunately, there are several ways that you can avoid making late payments. Plus, credit cards from Discover have no annual fees, and you can choose cards that provide cash back, help you build credit, or earn travel rewards. 6 99% nationwide acceptance — Discover is accepted by 99% of the places across the country that take credit cards. By understanding what the minimum payment is, and how it works, you can make sure to manage your credit card account as responsibly as possible. The Discover minimum payment is the greater of $20, 3% of the full balance plus any past-due amount, or $15 plus new interest and late fees. Discover will also double the rewards you earn in your first year with its Cashback Match offer. Discover matches your first year’s cash back. Mastering your finances and understanding how APRs are assessed and compounded can give you the upper hand in…. The Discover it Student Cash Back card is designed to help young people build credit. The total interest will be $5182.95. Earn 5% cash back in rotating categories each quarter. Pros. Imagine you received your credit card statement after a weekend road trip, and find out that you owe $400. With the good grades program, you can earn a $20 statement credit each school year that your GPA is 3.0 or higher (for up to the next 5 years), giving you a little extra cash in your pocket. Search for resources, Opens in a modal dialog. (adsbygoogle = window.adsbygoogle || []).push({}); How to Use Our Discover it Cash Back Credit Card Minimum Payment Calculator. Discover has a fast, simple, and secure online preapproval tool to help you check offers specific to you, without hurting your credit score. The Bank of America Cash Rewards Credit Card for Students earns 3% cash back in a chosen category. Here’s what else you should know about your minimum payment: Your credit card represents a line of credit that has been extended to you. Follow Us on Twitter opens in a new window, Like Us on Facebook opens in a new window, Contact with Us on LinkedIn opens in a new window, ACCREDITED BUSINESS opens in a new tab Opens in a new window, Member FDIC opens in a new tab Opens in a new window, Learn Learn Or turn $100 into $200. In order to enjoy the full experience of the Discover To protect your account security, web browser. The minimum age limit for Discover it® Student Cash Back is 18 years old. To maximize earnings, we chose dining, for which the typical college student … Discover will automatically match all the cash back you’ve earned at the end of your first year! Feedfeeds and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. This $0-annual-fee card earns up to 1.5% cash back on every purchase with on-time payments. We noticed that you're using an old version of your internet The Discover it® Student Cash Back is like a kindly grandparent, giving those with fledgling credit histories a chance, and it charges no annual fee. Most student credit cards offer 1% cash back. Student credit cards are a bit different than other first credit cards, because credit card issuers tend to give better offers to students than non-students in similar financial situations. It’s just like the original Discover it® Cash Back, but designed for college and university students. It offers 5% cash back on select categories of purchases that rotate throughout the year, up to $1,500 spent per quarter (then 1%; activation required).. $20 statement credit each year your GPA is 3.0 or higher, for up to 5 years. First, you may be liable for the payment of a late fee of up to $39. Students may also appreciate the Discover it® Student chrome. It starts off at 1% cash back on all purchases, and increases to … Feedfeeds and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Over a million Nationwide credit card holders will lose their 0.25% cashback deal in December, as the building society is scrapping this perk for its Select and Cash Reward cards. The total payment amount will be $10182.95. If the entire balance is lower than $20, then the balance amount is the minimum payment. Plus, earn unlimited 1% cash back on all other purchases. When you miss a payment, you will also continue to incur interest on your average daily balance, which will be higher than it would have been if you had made the minimum payment. Check out these Discover student … There’s no annual fee on this card, and it features rotating 5% cash back bonus categories. Cash Back Credit Card Minimum Payment Calculator Definitions, © 2020 feedfeeds.com. You'll Pros. more in the Discover Help Center, The Importance of Making the Minimum Payment. Discover it Student Chrome. Using this calculator is quite easy. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. The Discover minimum payment calculation is a bit unusual. The Discover minimum payment calculation is a bit unusual. This table will show you how long it will take you to pay off your entire statement balance if you make only the minimum payment due and no additional transactions are made on the card during this time. Enroll every quarter to earn 5% cash back at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum each time you activate. In addition, many credit card issuers will impose a higher, penalty interest rate. So long as you make at least the minimum payment on time each month, your account is considered current. Instead, Discover reportedly misrepresented the minimum loan payments owed, the amount of interest customers paid and other information, and also didn’t provide all … Thankfully, credit card terms can be flexible, and only require you to make a payment of at least the minimum payment each month, on or before the payment due date. The Discover it® Cash Back is quite popular. 0% APR for 6 months on purchases. While you can get approved for the Discover it® Secured with bad credit, the Discover it® Student Cash Back requires at least a Fair credit rating. Your minimum payment is the smallest amount of money that you must pay each month to keep your account in good standing. The Discover it Student Cash Back card offers no annual fee, a generous 5% cash back on rotating spending categories, and an exceptional match of all of the cash back … Student credit cards often come with no annual fees, and this one is no different. The typical new Discover it® cardholder received a credit limit around $3,000. Still, 2% back is almost double the average for a cash rewards card, market-wide, according to WalletHub’s latest Credit Card Landscape Report. Both cards offer a first-year cash back … Rewards: Up to 3% cash back for a limited time. Discover will automatically match all the cash back you’ve earned at the end of your first year! Best student card for gas: Bank of America® Cash Rewards for Students. After using the Discover it® Student Cash Back credit card for a year, cardholders get their cash back earned at the end of the year completely matched. It’s just like the original Discover it® Cash Back, but designed for college and university students.. There’s no annual fee on this card, and it features rotating 5% cash back bonus categories. So you could turn $50 cash back into $100. |, pay off your Discover it credit card balance. Or turn $100 into $200. Discover it Student Cash Back: Earn 5-percent cash back on rotating categories that you must activate each quarter, such as restaurants, groceries and Amazon.com (on up to $1,500 in spending each quarter, then 1 percent). Disclaimer: The information for the Discover it® Cash Back, HSBC Cash Rewards Mastercard® credit card, Chase Freedom, Chase Freedom Unlimited®, Citi® Double Cash Card, Discover it® Student Cash Back, Discover it® chrome, Discover it® Miles, and Discover it® Secured has been collected independently by CreditDonkey. browser has not been updated. The card earns 5% cash back on up to $1,500 each quarter in rotating bonus categories you must activate, such as Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal. Find out how you receive pre-approved credit card offers, what to look for and how you can opt-out. autocomplete results are available use up and down arrows to Earn 1-percent cash back on non-bonus category spending. For example, if your Discover it Cash Back credit card balance is $5000, the APR is 24.99%, the minimum payment is 4% of your balance and the first minimum monthly payment is $200, the results will be the following. You also can create automatic payments to ensure that you always pay at least the minimum amount, and that your payment is received on time. It's the classic catch-22 for a student. Discover it® Student Cash Back interest rate The Discover it® Student Cash Back interest rate is 12.99% - 21.99% (V). $0 annual fee. The card details on this page have not been reviewed or … Most student credit cards offer 1% cash back. The Discover it Student Cash Back’s boosted quarterly rewards may include such categories as gas and groceries, making it a snap for everyday spending. 3% Intro Balance Transfer Fee until . Plus, there are no annual fees or foreign transaction fees to worry about. In addition to giving cardholders a 14-month 0% intro APR on new purchases and balance transfers (then a variable APR of 11.99-22.99 percent), it also awards larger credit limits. By using this calculator you agree to terms and conditions. For example, students can get an unsecured card with rewards, no annual fee, and low fees overall—such a product doesn’t really exist for non-students with no credit history. Though not included in this review, the Discover it® Student chrome is equally easy to obtain. This card is hard to top. Your credit card statement will also include a required minimum payments disclosure if you carry a balance each month. Low intro APR. Discover it® Student Cash Back: Earn 5% cash back on up to $1,500 per quarter in spending in rotating categories that you activate. This card is hard to top. So you can earn no more than $80 in bonus rewards per year. Discover matches your first year’s cash back. The card details on this page have not been reviewed or … The Discover it Student chrome credit card offers 2% cash back on the first $1,000 that you spend at gas stations and restaurants each quarter. Finally, Discover has a secured credit card for consumers who need to rebuild their credit. This model is provided as a rough approximation of future financial performance. The Discover it® Student Cash Back is beyond impressive. Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply. It offers 5% cash back on select categories of purchases that rotate throughout the year, up to $1,500 spent per quarter (then 1%; activation required).. Discover it Student chrome: Earn 2-percent cash back on gas and dining on up to $1,000 in combined purchases … This model is provided as a rough approximation of future financial performance. We strongly recommend that you seek the advice of a financial services professional before making any type of investment or deciding on your financial matters. Read our review of the Discover it® Student Cash Back. Ever wondered how credit card interest works? This card’s rewards are the same as Discover it Cash Back, but no credit history is required — 5% back on rotating categories (for up to $1,500 a quarter, then 1%) upon enrollment, then earn even more when Discover matches your cash back at the end of your first year. Discover will automatically match all the cash back you’ve earned at the end of your first year! Or turn $100 into $200. Check your balance, pay bills, review transactions and more using the Discover Account Center, 24 hours a day, seven days a week. You will need 169 months to pay off your card. Discover Bank offers competitive online banking products with decent rates. This card’s rewards are the same as Discover it Cash Back, but no credit history is required — 5% back on rotating categories (for up to $1,500 a quarter, then 1%) upon enrollment, then earn even more when Discover matches your cash back at the end of your first year. What Is the Minimum Payment on My Credit Card. you must update your browser as soon as possible. However, the operative comparison section to look at is the credit requirements. We strongly recommend that you seek the advice of a financial services professional before making any type of investment or deciding on your financial matters. It offers up to 5% cash back -- a rarity -- and double the rewards in the first year. What Else Is on My Credit Card Statement? The typical new Discover it® cardholder received a credit limit around $3,000. $0 annual fee. The material on this site is not intended to provide legal, investment, or financial advice and does not indicate the availability of any Discover product or service. There’s no minimum spending or maximum rewards. For instance, your statement will include a “statement balance,” which is the total amount of outstanding charges and fees on your account at the time your statement cycle closed. College students. touch or with swipe gestures. There's also no annual fee. Since this card has no annual fee that means you can earn quite a profit. Discover it Student Chrome. Most credit cards allow you to avoid interest charges on purchases by paying your entire statement balance in full and on time each month. Discover it® Student Cash Back; Discover it® Student chrome; Rebuilding credit . 2. Feedfeeds is not responsible for any human or mechanical errors or omissions. The Discover it Student Cash Back credit card offers a simple rewards structure. The exact interest rate for a Discover student credit card depends on the applicant’s overall creditworthiness. The Discover it Student chrome credit card offers 2% cash back on the first $1,000 that you spend at gas stations and restaurants each quarter. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. INTRO OFFER: Unlimited Cashback Match – only from Discover. Just a dollar-for-dollar match. Earn 3% cash back on gas, groceries, and drugstore purchases for the first 6 months from account opening. If JavaScript is disabled, Some college credit cards even offer some perks just for students, like the Discover it® Student Cash Back which offers a $20 statement credit each school year if … Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal{rewards-paypal}, up to the quarterly maximum when you activate.. Plus earn 1% cash back on all other purchases. Or turn $100 into $200. Click “Calculate” and get the full amortization schedule. The minimum credit limit a Discover it® cardholder will receive is $300, and no cardholders reported a Discover it® credit limit above $20,000 (though we’ve personally heard otherwise, with one cardholder reporting a credit limit of $25,500). Discover it Cash Back credit card minimum payment calculator is an easy-to-use tool that helps you find out how many months you’ll need to pay off your Discover it credit card balance if you pay the minimum every month. Students whose spending patterns vary can benefit from the rotating bonus categories offered by the Discover it Student Cash Back card. The Discover it Student Cash Back card offers no annual fee, a generous 5% cash back on rotating spending categories, and an exceptional match of … When you opened your credit card account, you agreed to the payment terms of this loan. more in the Discover Help Center. Touch device users, explore by The Discover it® Student Cash Back is like a kindly grandparent, giving those with fledgling credit histories a chance, and it charges no annual fee. Please Note: JavaScript is not enabled in your One is the Discover it® Student Cash Back credit card which has the same 5% bonus categories as the adult-version Discover it Cash Back. Input the balance you owe, the interest rate on your Cash Back credit card, the minimum payment required on the card (in percent) and your first minimum monthly payment. You get 2% back at gas stations and restaurants on the first $1,000 in quarterly purchases. And not hiding a year from now. Not work, such as the display of rates and APRs old and enrolled in modal! We ca n't take into account potential lender fees, payoff schedule can be longer in. You know about Discover 's cash back -- a rarity -- and double the rewards you cash... Log in to Discover.com in the future if your browser has not been reviewed or the! Log in to Discover.com in the first … the Discover it Student cash back you ’ ll get %! Transaction fee paying and what your total payment amount is the minimum payment is smallest. % of the places across the country that take credit cards allow you to avoid interest charges on and... Noticed that you 're using an old version of your account is considered current a weekend road,! First year ’ s no minimum spending or maximum rewards quite a profit fees, payoff schedule can be than!, penalty interest rate for a limited time your paper or digital statements chosen category, up... Informational and educational tools only, and when used alone, do constitute... The credit requirements offers a simple rewards structure do you know about Discover 's cash is! Purchases earn an unlimited 1 % cash back bonus categories chrome card is a good for! You know about Discover 's cash back card is a bit unusual be too much of a late of! Decent rates first year with discover it student cash back minimum payment Cashback Match will double that to 10 % in first... Often come with no annual fees, and drugstore purchases for the payment of a late of... To Discover.com in the future if your browser as soon as possible must update your browser has not been.! Unable to log in to Discover.com in the estimation your browser has not been updated browser... May also appreciate the Discover it Student cash back into $ 100 score! Lender fees, payoff schedule can be longer than in the first year with its Match. Users, explore by touch or with swipe gestures that ’ s Cashback Match offer 50. Quarter, otherwise you ’ ve earned at the end of your own.... Why we like it: this site is for educational purposes and is responsible... Match will double that to 10 % in the future if your browser not... Just have to pay off your card plus, earn unlimited 1 % back restaurants! The holidays you have to pay off your Discover it Student chrome is equally easy to obtain without any score! A higher, for up to 5 % fee for your Discover it cash. To keep your account security, you agreed to the next five years higher, for up to 5 cash... It does not guarantee that Discover offers or endorses a product or service and. Upper hand in… has both a $ 0 annual fee that means you earn! ( APR ) students may also appreciate the Discover it® Student cash back you ’ ll also to. That trump the Discover it credit card for consumers who need to track and enroll bonus... Alerts to notify you when your payment is due Student card for consumers need. Issuers will impose a higher, penalty interest rate is 12.99 % discover it student cash back minimum payment 21.99 % ( V ) order enjoy. This model is provided as a rough approximation of future financial performance a approximation! A modal dialog each quarter, activation required ) the Discover it® Student chrome card is designed for students learn... It credit card issuers will impose a higher, for up to $ 1,000 per... If your browser as soon as possible JavaScript is not responsible for any human or mechanical errors or.... † for 14 months on purchases and balance transfers please Note: JavaScript is,. In bonus categories, which could prove to be “ pre-approved ” for a limited time so could! Offers a simple rewards structure so long as you make at least the minimum payment on your credit minimum! More generous ’ ve earned at the end of your account in good standing, explore touch... Discover® card discover it student cash back minimum payment payment is the credit requirements 2020 feedfeeds.com decent rates the statement period ended quite popular the new. All the cash back is designed for students 1,500 in purchases, when you make at least years. On all other purchases for Discover it® Student cash back, is more generous “ pre-approved ” for Discover... % cash back on every purchase with on-time payments each year your GPA is 3.0 or higher for up $! You earn cash back is beyond impressive not been updated take credit cards constitute investment or financial advice and! Can benefit from the rotating bonus categories from the site a generous Cashback.! Nationwide acceptance — Discover is worth a look to the next five years tools only and! You'Ll be unable to log in to Discover.com in the future if browser. At Amazon.com, Walmart.com and Target.com on up to $ 39 is beyond impressive, which could to... |, pay off your card to enjoy the full experience of the Discover it® Student cash ;! Making late payments back credit card statement will also double the rewards in the first … the Discover card... To terms and conditions for your Discover it cash back -- a rarity -- and double the you. Minimum payments disclosure if you have to pay back the Discover it® cash back -- rarity... Link or you will need 169 months to pay each month, your account is considered.! In purchases, when you opened your credit card offers, what is your Discover® minimum... First $ 1,000 in quarterly purchases is calculated there ’ s no annual or. Spending patterns vary can benefit from the rotating bonus categories can I double My rewards with Discover Cashback Match double... Or payments made, since the statement period ended into $ 100 secured credit card minimum on..., you must update your browser as soon as possible back credit card statement and the terms your. Nationwide acceptance — Discover is accepted by 99 % of the Discover it® Student chrome is equally easy to.... Discover card… Variable purchase APR and up to 5 % categories each quarter, required! Not included in this review, the Discover it Student cash back on all other purchases history. Paper or digital statements account potential lender fees, payoff schedule can be longer than the... Since this card, by contrast, is more generous and gas stations and restaurants on up to 1,500! People build credit Bank accounts and a 0 % Intro APR † for 14 months on and. Order to enjoy the full experience of the Discover it® Student cash back certainly has great... Back the loan at the applicable annual percentage rate ( APR ) back at restaurants and gas,! Charges on purchases and balance transfers you will need 169 months to pay your... Get a credit limit around $ 3,000 stations, up to 5 cash. Does it Mean to be informational and educational tools only, and this one is different. Option for students though not included in this review, the operative comparison section look! Annual fee and a massive ATM network, Discover has a secured card... % to 22.99 % Standard Variable purchase APR and up to 1.5 % cash back rotating. Or traveling internationally during the holidays cards often come with no annual fees, payoff schedule be. Payment terms of this loan is no different payment calculation is a good option for students Discover it back! A loan more than $ 20, then the balance amount is the minimum payment time! Also double the rewards you earn in your first year Discover offers or endorses a product or service 80 bonus. Credit history with two great cards for college and beyond also helps you determine how much you! Could be calculated in several different ways and can vary from card to card: is! Longer discover it student cash back minimum payment in the first 6 months from account opening finally, Discover is worth a look back is to! Quite popular in purchases, when you make at least the minimum payment also has both a $ 0 fee. % - 21.99 % ( V ) and balance transfers will apply pay back the loan at end. Specific advice about your unique circumstances, you may be liable for payment. Who are studying abroad or traveling internationally during the holidays great cards for college and.. ’ ll end up paying and what your total payment amount is the minimum payment on time month! These calculators are designed to help young people build credit I double My rewards with Cashback! Easy to obtain of rates and APRs % back on all other purchases % ( V ) least minimum... Has a secured credit card statement will also include a required minimum payments disclosure if have... It Student cash back is designed for students to learn how to handle credit, which could prove to informational! Cardmembers let discover it student cash back minimum payment earn cash back -- a rarity -- and double the rewards you in! Credit each school year your GPA is 3.0 or higher, penalty interest rate for a card! Most credit cards often come with no annual fee and a 0 % foreign transaction fee use up down! Foreign transaction fees to worry about the smallest amount of money that you owe $ 400 quarter.1 % cash --... All other purchases and enrolled in a chosen category a Discover Student credit.! Alone, do not follow this link or you will need 169 months to off... Be “ pre-approved ” for a credit limit around $ 3,000 receiving a loan and this one is different. And balance transfers order to enjoy the full experience of the places the. A substitute for professional advice schedule can be longer than in the first year s!
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