And the terms for the Discover it® Student Cash Back state that you must be a college student to be eligible for the card. … It offers 1% cash back on all purchases, plus a 25% cash-back bonus for paying your bill on time each month — all of which make it a great option for students and nonstudents alike.
How do you qualify for Discover IT student?
To qualify for a Discover student credit card, you must be at least 18 years old, enrolled in a two- or four-year college, a U.S. citizen and have a Social Security number. You will also need to have verifiable independent income, like a part-time job, and you may have to show proof of income.
Does Discover check if you’re a student?
If Discover requires proof of student status, they will accept any document that verifies your name, your school name, and your enrollment dates.
Do you have to be 18 to get a student credit card?
It’s possible to get a first credit card at a young age by becoming an authorized user on a parent’s account, but the legal age to apply for your own credit card is 18. Eighteen to twenty year-olds must apply with a cosigner (which not all banks allow) or with proof of income.
Who can apply for student credit card?
A student credit card is a credit card that is offered to students at the college level. Any student beyond the age of 18 years is eligible to apply for the credit card as it does not have an income eligibility limit. These credit cards have lower interest rates and have a validity period of 5 years.
Why did I not get approved for a Discover student card?
Insufficient income: Your income determines whether Discover will approve you for a credit card and the amount of your credit limit. What’s especially important is your income compared to the credit you already have. If you make $45,000 per year, that would typically get you approved for a credit card.
How old do you have to be to get a Discover student card?
You can apply for a student credit card online if you’re at least 18 years old. You cannot apply for offers over the telephone unless you are 21 or older.
Does Discover it require proof of income?
The Discover it Secured Credit Card’s income requirement is a minimum of $10,000 annually unless you’re a college student. For students, there’s usually no proof of income required in order to be approved for the card.
What credit score do you start with?
Your Credit Score Doesn’t Start at Zero
If you haven’t yet built a credit history, there’s no information on which to base that calculation, so there’s no score at all. Once you begin to establish a credit history, you might assume that your credit score will start at 300 (the lowest possible FICO® Score☉ ).
Can you get a card at 16?
You can’t get your own credit card if you’re under the age of 18. … Since most card issuers don’t allow cosigners, that means you’ll generally need to A) be at least 18 and B) have income through a job or scholarship before you can get your own starter credit card.
How can a teenager get a debit card?
While many debit cards are only available for teens 13 or older, many kid-focused debit cards are available to kids as young as six years old. No matter what the age limit is for the child debit card, in the U.S., a child under age 18 must have a parent or guardian on the account who is (at least) 18 years old.
What is the youngest age to apply for a credit card?
The minimum age to open a credit card as the primary account holder is 18.
Can a 18 year old get a credit card?
18 years old
Consumers can apply for credit cards starting at age 18, but the law requires them to have an independent income or a co-signer. However, most major issuers don’t allow co-signers anymore. So, a person aged 18, 19 or 20 usually has to earn and prove their own income before being approved for a credit card.
Can I buy a laptop with student credit card?
Can I purchase a laptop with my credit card? Yes, you can make purchases on your credit card provided you have the sanctioned credit limit.
What is the limit on a student credit card?
The Discover student credit card limit is $500 or more for both the Discover it Student chrome Card and the Discover it Student Cash Back Card. There is no reported maximum Discover student credit card limit, but there are reports of cardholders receiving an initial limit of as much as $3,000.