Discover it® Student Chrome Review

Discover It Student Chrome Review
The Discover it® Student Chrome earns 2% cash back at Gas Stations & Restaurants (capped at $1,000 per quarter), and 1% cash back on all other purchases. Enjoy no annual fees and a straightforward card application.
  • Annual Fee:
    $0
  • Regular APR:
    12.99% - 21.99% Variable APR
  • Recommended Credit Score:
    Fair, New to Credit

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Discover is one of the four major credit card providers here in the USA. When it comes to students, Discover offers “two great cards for college and beyond”.

This article will discuss the Discover it® Student Chrome, its pros and cons, benefits, and whether or not it deserves a spot in your wallet.

Discover it® Student Chrome Pros and Cons

Pros:

  • Discover it® Student Chrome has a $0 annual fee.
  • Discover it® Student Chrome has an introductory APR of 0% on purchases for 6 months and 10.99% introductory APR of balance transfers for 6 months.
  • You do not need an established credit score for approval.
  • Discover will match your cash back earnings at the end of the first year!
  • Do well in school, earn a $20 statement credit each year your GPA is 3.0 or higher.
  • Discover it® Student Chrome also offers statement credits when you refer someone to them.
  • Discover it® Student Chrome searches for illegal use online of your SSN and will alert you for free.
  • Freeze It is a program that lets you switch your account on or off to prevent any transactions.
  • Discover it® Student Chrome pays 2% cash back at gas stations and restaurants and 1% on all other purchases, but it is capped at $1,000 in rewards per quarter.
  • Discover it® Student Chrome reports to all three credit bureaus, which will help you establish credit quickly.
  • There is no late fee on your first late payment.

Cons:

  • Not all locations accept Discover cards.
  • Other credit cards have better student rewards for things such as textbooks.
  • Discover it® Student Chrome has a high late payment fee of $40.

What Is the Discover it® Student Chrome?

Discover it® Student Chrome is one of two credit cards that Discover offers to students. Students do not need an established credit score, which is great as most do not. Your credit limit will start with at least a $500 limit and will allow students to build their credit score.

While in school, students can earn $20 statement credits every year that their GPA is above 3.0 for up to five years. Once you graduate, you can continue using your Discover it® Student Chrome with your more established credit!

How Does the Discover it® Student Chrome Work?

If you are a student, you can apply for the Discover it® Student Chrome card on their website. Since you do not need an established credit, the odds you will be approved are great.

Discover states that most applicants are approved within minutes. If you are approved, you will receive your card in the mail within 10 business days.

You then activate your card by following the instructions on the card. Once activated, you can use your Discover it® Student Chrome card anywhere Discover is accepted!

Discover it® Student Chrome Review

  • Annual Fee: There is no annual fee on the Discover it® Student Chrome card.
  • Regular APR: Discover it® Student Chrome has a regular APR of 12.99% to 21.99% dependent on any established credit.
  • Introductory APR: Once you receive your Discover it® Student Chrome card, you will have a 0% introductory APR on all purchases for 6 months.
  • Rewards: You will earn 2% at gas stations and restaurants and 1% everywhere else when you use your Discover it® Student Chrome. Furthermore, Discover will match your rewards that you earned the first year 1 for 1, so if you earned $500 in rewards, Discover would match it with another $500! Discover it® Student Chrome card will also reward you for keeping your GPA above 3.0 with a $20 statement credit for each year, up to five, that you do.
  • Welcome Offer: Discover it® Student Chrome offers cashback rewards, an introductory APR on purchases and balance transfers, and helps protect your SSN from day one.
  • Recommended Credit Score: Discover it® Student Chrome card states you do not need to have established credit to apply. However, it is normally recommended to have a score of 630 or above for better terms such as lower APR and higher credit limits.

Discover it® Student Chrome Rewards

Discover it® Student Chrome offers many rewards to students, both for using the card as well as for just being a cardholder.

Earning Rewards

When you use your Discover it® Student Chrome card, you will earn 2% on all purchases at gas stations and restaurants and 1% on all other transactions, up to $1,000 in rewards per quarter.

Furthermore, you can receive a $20 statement credit each year as long as your GPA is at 3.0 or higher. Discover will also match your first year’s rewards! Are you loving your Discover it® Student Chrome? Refer a friend and receive a statement credit!

Redeeming Rewards

Redeeming rewards with the Discover it® Student Chrome is really simple and flexible, especially when compared to other cards.

You can redeem your rewards as cash back, statement credits, a donation to your favorite charity, or gift cards to companies/stores that partner with Discover. You can redeem your rewards in any increments.

Discover it® Student Chrome Features and Benefits

Discover it® Student Chrome card has many features and benefits, especially when you consider that you do not need to have an established credit history to be approved.

Easily Build Credit

Discover it® Student Chrome card reports to all three (TransUnion, Experian, and Equifax), which means that you will quickly establish good credit as long as you are paying your statements on time.

Generous Gas & Restaurant Rewards

Discover it® Student Chrome card makes it a little less painful to fill up your car and eating out by rewarding you with 2% cash back at gas stations and restaurants.

Helpful Introductory APR Period

Discover it® Student Chrome card provides an introductory APR of 0% for 6 months on purchases.

All Around Low Fees

Discover it® Student Chrome card has lower overall fees when compared to most other credit cards. From $0 annual fee, $0 first late payment fee, and no penalty APR fees, this is a great beginner card.

How Does the Discover it® Student Chrome Compare to Other Student Credit Cards?

Now that you know a little more about Discover it® Student Chrome card, how does it compare to other student credit cards?

#1. Discover it® Student Chrome vs Discover it® Student Cash Back

Discover it® Student Cash Back is the other student credit card Discover offers. You will earn 5% cash back on purchases within certain categories that rotate each quarter, including places like Amazon, gas stations, grocery stores, restaurants, and when you pay using PayPal.

You also earn 1% on all other purchases, and there is no limit on the rewards. Similar to the Student Chrome offered by Discover, you do not need established credit to apply.

#2. Discover it® Student Chrome vs. Chase Freedom® Student Credit Card

Chase Freedom® Student Credit Card is another $0 annual fee student credit card. You can earn a $50 bonus after making your first purchase within 90 days and 1% cashback on every purchase you make (where Visa is accepted).

You will receive 2,000 points ($20) after each account anniversary for the first five years, and there is no minimum dollar amount to redeem rewards.

Chase Freedom® Student Credit Card knows how important building credit is, so you will earn a credit limit increase after making 5 monthly payments on time, and you will always have access to your credit score.

#3. Discover it® Student chrome vs Citi Rewards+℠ Student Card

Citi Rewards+℠ Student Card is a $0 annual fee card that rounds up your rewards! When you make a purchase, Citi will round up your reward to the nearest 10 points.

That means if you buy that slice of pizza for $5, you will receive 10 points. If you buy the whole pizza for $15, you will receive 20 points!

Citi Rewards+℠ Student Card also offers cash rewards when you spend a certain amount within the first 90 days. You also earn double Citi ThankYou points at supermarkets and gas stations.

Frequently Asked Questions

Here are some frequently asked questions about the Discover it® Student Chrome card.

Is the Discover it® Student Chrome a Good Card?

Yes, for an entry-level card where little to no credit has been established, Discover it® Student Chrome works with you to build your credit score while offering many benefits and rewards.

What Credit Score is Needed for the Discover it® Student Chrome?

Discover it® Student Chrome states that you do not need to have any credit established. However, to receive a higher credit limit and better APR rates, your score should be 630 or higher.

Does the Discover it® Student Chrome Help You Build Credit?

Yes! Discover it® Student Chrome reports to all three credit bureaus. As long as you make payments on time, your credit history will begin to be established and rise, allowing you to receive additional credit with higher limits and better rates.

Bottom Line: Discover it® Student Chrome

If you are a student with little or no credit established, then Discover it® Student Chrome is a good option.

Not only are your approval odds high, but they have $0 annual fees, lower introductory APR, flexibility rewards redemptions, and cashback on all purchases (2% at gas stations and restaurants and 1% for all other purchases).

They also work with the three credit bureaus to help you establish a credit history, all while rewarding you with $20 statement credits each year that your GPA is above a 3.0!

Brian Latchford
Brian Latchford

Brian is a serial entrepreneur that loves financial technology and personal finance. From working with start-ups to creating his own recruiting company, Brian knows first hand what it takes to manage money. Throughout his career, Brian has become a respected writer covering topics in personal finance, business, and financial technology.