While the Discover it Student Cash Back card is fairly easy for students to get, approval is not guaranteed. Discover will look at a number of other factors with your application. It’s best if you don’t have too many recent credit inquiries. You shouldn’t have more than one other Discover card account.
Is Discover student card hard to get?
But we recommend a score of at least 700, which is toward the top of the good range, for the cards that require good credit for approval. So, most Discover cards may be a tough get for the average person, who has a credit score of 680-703.
What credit score do you need for Discover IT student?
Compare to Other Cards
|Discover it® Student Cash Back||Discover it® Student chrome||Deserve® EDU Mastercard for Students|
|Recommended Credit Score 630689average||Recommended Credit Score 630689average||Recommended Credit Score 630850average – excellent|
Why did I get denied for a Discover student card?
The reasons will be listed in the denial letter Discover sends out shortly after its decision. They may include an annual income below what’s needed to make minimum monthly payments, a low credit score, too many recent credit inquiries or a high amount of debt, among others.
Is it easy to get approved for a student credit card?
Student cards can be helpful tools, but if you’re under 21, aren’t employed and lack a credit history, it won’t be easy to qualify. … Financial reform mostly put an end to these practices, and students — indeed all adults under age 21 — now have a much tougher time getting approved for a credit card.
How do I qualify for a student Discover card?
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.
Why wont Discover approve me?
Discover uses your income to determine if it will approve you for a card and, if so, what your credit limit will be. 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.
What credit bureau does Discover it pull?
Discover provides your score from data on your TransUnion® credit report. Scores may vary when using data from your Experian or Equifax credit report. The score Discover provides is a snapshot of your info at a moment in time and will often vary from month to month.
What credit cards can you get with a 580 credit score?
Best credit cards for bad credit
- Winner: Discover it® Secured Credit Card.
- Best for low deposit: Capital One® Secured.
- Best for low interest: DCU Visa® Platinum Secured Credit Card.
- Best for no credit check: OpenSky® Secured Visa® Credit Card.
Does Discover ask for proof of income?
Yes, Discover will verify your income when you apply for a personal loan. Discover requires a minimum annual income of $25,000 to ensure that you can make your monthly payments, and if you don’t meet the minimum income requirement, you likely won’t get approved.
How long does Discover take to approve?
The Discover it Secured approval time the same as for any card. If your file is all clear as rain, it’ll be instantly. If they need to check more details, it’ll take a couple of days while they verify your information. If you don’t get a response right away, they’ve got an application status checker on their website.
How long does it take to get approved for a student credit card?
As with any credit card, when you apply for a student credit card, you could receive a decision instantly if you apply online, or it could take as long as 10 business days. It usually takes 7-10 business days to receive a card in the mail after approval.
Can a full time college student get a credit card?
You may also have to provide proof that you are enrolled either part-time or full-time at a college or university. Some credit card companies have specific requirements on what constitutes a two or four-year college or university, so be sure to clarify these requirements before applying for a student credit card.
Which card is better Discover or Chase?
If you like to plan your spending months in advance, the Discover it Cash Back is the better choice as Discover releases its full cash-back calendar for the year, whereas Chase only announces Chase Freedom’s bonus cash-back categories by quarter.
Do you have to be a student for the Discover IT student card?
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.