Question 1

What's the credit limit on Discover student credit cards?

Accepted Answer

Initial credit limits on Discover student cards may vary, depending on the cardmember's situation and the information in their credit file. Credit card companies may set lower credit limits on student cards because students are usually new to managing credit. Lending to someone with limited income and credit history is risky. By offering smaller credit limits, credit card issuers minimize their potential losses in case the student doesn't pay their balance. Small credit lines aren't only about protecting the lender. Managing a high credit limit when you're juggling credit basics and schoolwork may be challenging. A lower credit limit may help you avoid overspending and racking up unmanageable credit card debt while you're just beginning your credit journey.

Question 2

How do Discover student cards change after graduation?

Accepted Answer

As you approach the end of your college journey, you may wonder what will happen to your student credit card. With Discover, you may keep using your card like you normally would. Your account features, rewards rate, and terms remain the same, so you may keep enjoying the same benefits. You may want to update your income information with Discover if you get a job, in case you qualify for a credit line increase.

Understanding Discover® Student Credit Card Limits

Key Takeaways

See if you're pre-approved

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