NerdWallet rating. … And the terms for the Discover it® Student Cash Back state that you must be a college student to be eligible for the card. Nerdy tip: Even if you’re able to verify your student status, you’ll also face age and income requirements to get a credit card.
Is it hard to get a Discover student card?
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.
Do you have to be 18 to get a Discover student credit card?
You have to be 18 to get a card in your name. If you are under 21, according to the Credit CARD Act of 2009, you will need a cosigner (if your issuer permits cosigners) or proof of your ability to pay back the amount you charge, such as employment, other income, or assets.
Why did I get denied for a student Discover Card?
Insufficient income: Your income determines whether Discover will approve you for a credit card and the amount of your credit limit. … You could have trouble getting a Discover credit card if you’ve applied for multiple credit cards or loans recently, even if you weren’t approved for some of them.
What is the credit limit for Discover Student Card?
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.
How can a teenager get a credit card?
For teens under 18, credit card options are much more limited. The only way for minors to qualify is to become an authorized user on someone’s existing card, such as a parent or guardian’s credit card. Allowing your teen to become an authorized user can help build their credit score.
Does Discover check if you’re a student?
If you apply for the Chase Freedom® Student credit card, for example, the issuer notes that it may verify your enrollment status. And the terms for the Discover it® Student Cash Back state that you must be a college student to be eligible for the card.
Can a 15 year old get a Discover card?
For teenagers under 18, adding them as authorized users is the only way to help them build credit. Most major credit card companies allow you to add underage authorized users, though they may have minimum age requirements. For Barclays and Amex, your teen must be at least 13; for Discover, 15.
Can I add my 16 year old to my credit card?
Adding a teenager as an authorized user on your credit card account is the easiest way to help your teen build their credit. It’s easy to do, and usually it’s free, too. Your child will get their own credit card with their name on it, and purchases made with their card will come out of your account’s credit limit.
How do I build credit under 18?
Here are a five ways high school students can start building good credit (plus some tips on how to maintain it).
- Get a Job. …
- Get Added as an Authorized User. …
- Get a Secured Credit Card. …
- Get a Student Credit Card. …
- Use Good Credit Card Habits.