Discover it Student Gas and Restaurants

Discover it Student Gas and Restaurants Credit Card: A Comprehensive Overview

The Discover it Student Gas and Restaurants credit card is an exceptional offering from Discover Financial Services, designed specifically for students who want to earn rewards on their everyday purchases. With a focus on gas and dining expenses, this card provides an attractive rewards program without the burden of an annual fee, making it an ideal choice for budget-conscious students.

Card Type

This card is classified as a student cashback credit card. It empowers students to build their credit while enjoying significant savings on essential expenditures, especially in gas and restaurant categories.

Annual Fee

One of the most appealing features of the Discover it Student Gas and Restaurants card is that it comes with no annual fee. This makes it a cost-effective option for students who may be on a tight budget.

Rewards Program

The rewards structure of this card is designed to maximize the value for students. Cardholders earn 5% cashback on categories such as gas stations and restaurants, up to a quarterly maximum (currently $1,500 in combined purchases). All other purchases earn 1% cashback. Rewards can be redeemed in the form of cashback, applied as a statement credit, or used for gift cards. This flexibility makes the rewards program especially appealing to college students.

Sign-Up Bonus

New cardholders are welcomed with a compelling sign-up bonus. After making their first purchase, they can earn a cashback match at the end of their first year. This means Discover will automatically match all the cashback youve earned, offering an enhanced incentive to use the card frequently.

APR (Annual Percentage Rate)

The Discover it Student Gas and Restaurants card features a 0% introductory APR for the first 14 months on purchases. After the introductory period, the regular APR ranges from 15.24% to 24.24% depending on creditworthiness. This low APR is beneficial for students who may need to carry a balance occasionally.

Foreign Transaction Fees

Good news for students studying abroad or traveling internationally: this card does not charge foreign transaction fees. This feature is essential for users who frequently travel outside the United States and want to avoid extra costs on their purchases.

Balance Transfer Options

The Discover it Student Gas and Restaurants card allows for balance transfers with a special introductory offer of 0% APR for 14 months. After that, the regular balance transfer APR can range from 15.24% to 24.24%, subject to individual creditworthiness. It’s important to note that a balance transfer fee of 3% applies.

Additional Fees

While theres no annual fee, cardholders should note that the card comes with potential late fees up to $40 and a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. These fees can accumulate quickly, so responsible card usage is vital.

Card Benefits and Perks

In addition to cashback rewards, the Discover it Student Gas and Restaurants card offers several benefits, including free access to your FICO credit score, identity theft protection, and fraud protection. Cardholders can also enjoy discounts with various retailers through Discovers rewards program.

Customer Protections and Insurance

Cardholders are protected by zero liability for unauthorized purchases, ensuring that you are not held responsible for any fraud. Furthermore, Discover provides purchase protection and extended warranty benefits, protecting new purchases against damage or theft, while also extending the manufacturers warranty.

Eligibility and Credit Score Requirements

The Discover it Student Gas and Restaurants credit card is designed for students, and a credit score of fair to good (usually between 580 and 740) is generally recommended for approval. Applicants may also be required to provide proof of student status.

Introductory Offers

The introductory offer includes 0% APR on purchases for the first 14 months, providing an excellent opportunity for students to manage their spending effectively without accruing interest during the introductory period. After this time, the APR will revert to the standard rates.

Special Features or Unique Selling Points

This credit card distinguishes itself with its straightforward rewards structure and the valuable cashback match feature after the first year. Its user-friendly app allows cardholders to track spending, redeem rewards, and monitor credit scores, making financial management easy for students. Additionally, Discover’s commitment to customer service includes 24/7 availability for assistance.

How to Apply

Applying for the Discover it Student Gas and Restaurants card is simple and can be done online. Interested applicants can visit the UpCube.net and embark on your financial journey with the right tools in hand. Ready to make the most of your spending?