The Discover it student card approval rate isn’t public knowledge, but students with limited or no credit should have a good chance of approval. To be eligible to apply, students must be at least 18 years old and enrolled in a 2-or-4-year college or university. Other requirements include U.S. citizenship, a Social Security number (SSN) and a verifiable annual income sufficient enough to pay at least the minimum amount due each month. Discover does not disclose its minimum income requirements. But several third-party sources say that you’ll need to make at least $2,000 per year if you’re a student.
While the Discover it Student 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. And even if you’re fairly new to credit, you may have a hard time being approved if you already have negative entries on your credit report, such as late payments.
If you are denied for a Discover it student card, you still have other options. The Discover it Secured Card has the highest approval chances of all Discover cards. It’s available even to people with bad credit. That’s because you will have to submit a $200 security deposit, which is fully refundable. Alternatively, you can sign on as an authorized user on someone else’s credit card account. This will help you rebuild your credit so that over time, you’ll be able to apply for your own credit card with a much better chance of being approved.