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Frequently Asked Questions

Student Credit Cards

Student credit cards are meant to give college students the opportunity to start building their credit history. The actual credit card looks and acts the same as a regular credit card. As you use your credit card, you will need to make payments each month and your credit card account will be reported to the three major credit bureaus. So your on-time payments and responsible use can help build your credit historyMore broadly, Discover Student Credit cards also offer features such as Good Grades, Apple Pay, and Fico Credit Score for Free.

Credit is a value of funds that is loaned to you by another entity, such as a bank, credit issuer, or credit union. By using a credit card, you are borrowing money, repaying it, and creating a credit history when the lender reports this usage and payment information to the major credit bureaus. Having a credit history is important for loans, renting and more, since lending institutions will determine whether or not you are creditworthy based on this credit history. If you do not have a credit history, it does not necessarily mean you will not receive credit, because lending institutions may assess you on other factors as well.

No. You must be at least 18 years of age or older

You must be at least 18 years of age, have a U.S. Address, have a Social Security Number and provide all the required information requested in your application when you apply for a Discover card. To apply over the phone, applicants must be at least 21.

You will receive your first paper statement about 30 days after you receive your card and activate it. Many issuers allow you to choose paperless statements if you register for their online portal.

Your payment due date is shown on your monthly statement. Be sure to pay at least the minimum payment by the payment due date each month to keep your account in good standing. If you want to avoid interest charges on purchases, you need to pay your balance in full each month by the payment due date. You can pay in a variety of ways, including by mail, by phone, and online. Many issuers offer alerts and reminders, as well as automatic payments options, to help you remember to pay your bill on time.

Your credit line is your spending limit, and might also be called your credit limit. It's important to note that interest and fees may reduce the amount of your credit line that is available. Your credit line available indicates the amount of credit you haven't yet borrowed and that is still available to you. This can be found on the first page of your statement, and if you register for an online account, you would also be able to see your credit line when you log in. Visit our resource center and learn about your credit utilization ratio.

APR–is your annual percentage rate. The APR is used to calculate the amount of interest charged on your account. This can be found in the Account Summary on your statement. Be sure to pay at least the minimum payment by the payment due date each month to keep your account in good standing.

With a cash back credit card, you will receive rewards each month that are equal to a percentage of your spending during the statement period. After you've earned cash rewards, you will be able to use them by redeeming for things like statement credits, gift cards to popular retailers, and more.

The student IT card gives you 5% cash back in rotating categories each quarter like gas stations, restaurants,, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus, unlimited 1% cash back on all other purchases.

The student Chrome card lets you automatically earn 2% at gas stations and restaurants on up to $1,000 in combined purchases each quarter on your student card. Plus earn 1% cash back on all other purchases.

No, you can keep your credit card even when you are no longer a student.

You won't pay interest on purchases if you pay your balance in full each month and on time.

Generally, debit cards can't build your credit history.