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Discover Student Card

Written by Kathleen Gagne
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If you are a college student at least 18 years of age and want to learn how to manage credit or if you are a student who needs to establish a credit history, the Discover student card is an excellent choice. Applying online is fast and easy, and you will have a reply within minutes. If you are approved, your credit limit with be based on a review of the financial information you have provided.

If you are not a full-time student, you must have an annual income of at least $15,000 to receive a card. Your card, like all Discover cards, will come with a Cashback Bonus Awards plan that will help you to save money. You can get up to two percent cashback on every purchase you make with your new card. Having your card can be the best way to learn how to manage credit and to establish a credit history. Here's how to do both.

Discover Student Card Tips

There are steps you can take to ensure a secure financial future. Whatever your credit limit, leave at least $200 available for emergencies. Be sure to make all of your payments at least a day or two before the due date if you pay online or send your payment at least ten days before the due date if you mail your payments. Always pay as much more than the minimum balance as you can afford each month. Never give out your credit card number or PIN to anyone!

In addition, keep your student card in a safe place. If you have a key chain card, never loan your keys to anyone with the card on the key chain. Don't use your card for small purchases. Pay with cash whenever you can. Determine in advance what kinds of purchases you want to make with your card. Try not to make spur-of-the-moment or frivolous purchases with your student card. Make your card work for you. Use it where you get higher Cashback bonus points. Whenever possible, pay off your entire credit card bill.

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