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, but there are reports of cardholders receiving an initial limit of as much as $3,000. Discover may also 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.
The Discover it Chrome and Cash Back student cards are among the best in their class. There’s no annual fee (true for all Discover cards), and you’ll get matching cash back at the end of the first year. You’ll also receive a $20 statement credit if you maintain a 3.0 GPA or higher each school year.
Where the cards differ is in their ongoing rewards on purchases. Student Chrome gives 2% cash back at gas stations and restaurants, up to $1,000 spent quarterly. Student Cash Back gives 5% back on up to $1,500 spent in specific categories that change every quarter. 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.
- Some people report getting starting limits as high as $3,000.
- The Discover student credit card limit is high compared to some cards from other issuers. For example, Journey Student Rewards from Capital One has a $300+ limit.
- 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 Chrome or 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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