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, 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.
While the Discover it Student Cash Back and Discover it Student chrome cards are fairly easy for students to get, approval is not guaranteed. Discover will look at a number of other factors, such as recent credit inquiries, number of Discover accounts open, and credit history. You may also have a hard time being approved if you 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 Credit Card has the best approval chances of all Discover cards. It’s available even to people with bad credit. But you will have to submit a $200 security deposit, which is fully refundable. You can also sign on as an authorized user on someone else’s credit card account. This will help you rebuild your credit.
Discover it credit card limits can be as low as $200 or $500, depending on the card. The available Discover it cards include offers for people with good and bad credit alike. Each has a specified minimum credit limit. So, you’re guaranteed of getting at least that much spending power if approved for an account. But there’s no way to determine whether you’ll qualify for a higher limit prior to submitting an application. Some Discover offers listed on this page are not currently available on WalletHub and may be out of date.… read full answer
Here are the minimum Discover it credit card limits:
Those are just starting points, however. If Discover determines that you’re a responsible borrower with enough income to support a higher limit, you may just get one. And they’ll make that determination by considering a fairly short list of key financial indicators. Your credit limit will ultimately be decided based on several things, like your credit history income and existing debt obligations. In other words, they’ll grand you as much spending power as they think you can handle responsibly. You can find out more by reading WalletHub’s article on how credit limits are determined.
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