You can still use your Discover it Student Cash Back credit card after graduation. Discover won’t close the account because you graduate. Instead, they will just upgrade your Discover it Student Cash Back card into a regular Discover it® Cash Back credit card.
Sure, you always have the option of cancelling the student card, but that can negatively impact your credit score.
With Discover, you keep the same card and the same cash back benefits. The only thing that changes after Discover is notified of your graduation is how Discover’s system classifies your account — the “student” flag gets removed. If you want to graduate to a better credit card, you'll have to ask them. They will do a hard pull on your credit report and tell you if you are eligible. Or just apply online for your desired card and cancel your Discover it Student card.… read full answer
The Discover student credit card limit is $500 or more for both the Discover it® Student chrome Card and the Discover it® Student Cash Back Card. There is no reported maximum Discover student credit card limit. Discover may increase your credit limit if you consistently pay your bill on time. Your initial credit limit will be based on a review of your credit report, income, debt and other information to determine your creditworthiness. Discover does not permit applicants to request a specific credit limit.… read full answer
The Discover it Student chrome and the Discover it Student Cash Back cards are among the best in their class. They have a $0 annual fee, and you’ll get matching cash back at the end of the first year.
Where the cards differ is in their ongoing rewards on purchases. Discover it Student chrome gives 2% cash back at gas stations and restaurants (up to $1,000 spent each quarter combined), and 1% back on all other purchases. Discover it Student Cash Back gives 5% cash back on up to $1,500 spent per quarter in bonus categories (which change every quarter and require activation), and 1% back on all other purchases. Both of these cards are good options and give you a respectable $500+ credit limit.
Discover student credit card limit info:
You are guaranteed a credit limit of at least $500 on each Discover it Student card.
Discover will periodically review your account and may offer a credit limit increase if you’ve been consistently paying on time.
You can request a credit limit increase online, or by calling customer service at 1 (800) 347-2683. You should wait until you’ve paid at least six straight monthly bills on time.
If you decide to keep your Discover student credit card after you graduate from school, it will be converted to the non-student version of Discover it® chrome or Discover it® Cash Back. You’ll keep the same card with your existing credit limit and all the accompanying features and rewards. Once Discover receives your updated income information, you may be eligible for a credit limit increase.
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