Finding a credit card that's right for graduates and undergraduates in college can be difficult, especially for cards that provide needed incentives as well as helping to pay off student loan debt. Several major banks are beginning to develop credit and debit cards that are beneficial to college students by providing cash back that can be used towards the payment of loans, while building up the student's credit rating and raising his credit score.

One such credit card is the Discover It credit card, issued by Discover Financial, and here are a few of the financial features it has that makes it one of the best credit cards for graduates and undergraduates to get.

Discover Follows In AmEx’s Footsteps With New ApplePassbook Integration

Major credit cards companies are slowly starting to adopt Apple Passbook technology, as the product becomes something that’s more like a real mobile wallet than merely a ticket holder. Following AmEx’s support for Passbook earlier in the year, Discover Card this week also addedPassbook integration to its mobile app in order to connect users with their card rewards.

With AmEx, the company debuted a way to add its American Express Pass to Passbook in September, allowing cardholders to view account information on the go. This includes things like account balance, transaction notifications, spending updates, customer service information, and more, all directly viewable from within Passbook. The following month, BillGuard also began offering a utility to track all your credit cards from within Passbook.

Discover, however, is offering a slightly different take. Instead of focusing on account info and alerts, Discover’s Passbook integration, a new feature in the latest version of its iOS application, offers cardholders access to their credit card cashback rewards in the form of eCertificates.

These eCertificates are essentially a user’s Cashback bonus (plus $5 or more as an incentive) in the form of a gift card for one of Discover’s retailer partners. The gift certificate can also be sent via email or saved to your iPhone’s Camera Roll, in addition to being added to Passbook. When ready to redeem the reward at point-of-sale, you simply show a scannable QR code at checkout.

 Discover Card


The Discover It credit card has very many financial benefits that will put more money in a student's pocket.

  •   There is no annual fee to keep an account open for the card, and signing up for the card is free of charge.
  •   Students have a 0% APR for the first fourteen months of having the credit card. This is the longest APR period of any other credit card available to students.
  •   There is 0% APR on balance transfers. Students can use this to transfer their high-interest credit card debt to the Discover It card account, and pay zero interest on the transferred balance for 14 months. This makes it hassle free for students who want to make the Discover It credit card their primary card.
  •   There is no over limit fee if a student goes over the limit of his credit card. This is beneficial for those emergency payments that sometimes arise during a student's college life that he is not prepared for.
  •   There is no fee on foreign transactions. Banks typically charge a percentage on the money spent when their credit cards are used in foreign countries. However, Discover It does not penalize students who do so, which can be good for those who want to spend a semester studying abroad, but want to continue reaping the benefits of their cash back returns on purchases.
  •   Students are free to choose when they payment due date is, making it easy for them to budget their time and money efficiently, if any financial difficulties arise. It also gives them the power to set the schedule of when payments are due, which prepares them for life after college.


The Discover It credit card has a rotating system of categories that students can earn 5% cash back return on for making purchases in those categories. All other purchases can garner 1% cash back to the student, which he can use to make personal purchases, or credit it towards payment by Discover Card on his student loan debt.

Discover Card

Discover Card

The Discover Card is a major credit card, issued primarily in the United States. It was announced by Sears in 1985 and was introduced nationwide the following year. Discover was part of Dean Witter, and then Morgan Stanley, until 2007, when Discover Financial Services became an independent company. Novus, a major processing center, used to be partners with the company as well. The Novus logo has since been retired and now the Discover Network logo has replaced it.

Most cards with the Discover brand are issued by Discover Bank. Discover Card transactions are processed through the Discover Network payment network. As of February 2006, the company announced that it would begin offering Discover Debit cards to banks, made possible by the prepayment system, which Discover acquired in 2005.


At the time the Discover Card was introduced, Sears was the largest retailer in the United States. It had purchased the Dean Witter Reynolds Organization (brokerage) and Coldwell, Banker & Company (real estate) in 1981 as an attempt to add financial services to its portfolio of customer services. Ray Kennedy, Sr, – father of country singer Ray Kennedy – who was the credit manager for Sears, conceived of the card. Together with the Discover Card (and its issuing bank, the Greenwood Trust Company, owned by Sears), this was named the Sears Financial Network. Early Discover Cards bore a small embossed symbol representing the Sears Tower, the company's headquarters at the time. Read more here



Students can be notorious for losing track of time and money when they are busy with their studies. That's why the Discover It credit card doesn't penalize students who are late on their first payment. The percentage APR also doesn't increase because of a late payment.

The Discover It credit card will also charge students a lower rate or reduce the amount of monthly payments if a student has lost his job. This is extremely beneficial for students, as the burden of struggling to make the monthly payments is minimized.


The Discover It credit card is one of the most beneficial card available to college students, who can reap the advantages of cash back to put forward to their student loans.


Discover Credit Cards – Which Discover it Card To Get?

The Discover Card is America’s first cash rewards credit card, and I think it has one of the most pleasant customer services in the credit card industry. The Discover credit card is issued by Discover Financial (NYSE:DFS), one of the largest credit card issuers in the US. There are several types and versions of Discover credit cards (cash back/rewards hybrid cards), and many have similar features. Having reviewed so many credit cards, I can say with confidence that Discover is one of the more competitive card issuers as it frequently comes out with new credit cards for different needs.

Are you thinking of getting a Discover card, but are not sure which one exactly you should get, and which are the latest offers? You’ve come to the right place. We at get all the latest Discover credit card offers directly from Discover, so we know which are the latest and hottest deals and can share them with our readers here.

Here’s a quick overview of Discover it cards:

– Discover cash back cards give you up to 5% cash back on your spending. This 5% applies to certain categories of purchases every quarter. The categories are wide-ranging, and include gas, fashion, travel, dining and many more, so you always have an opportunity to save more money on your regular expenses. Think of cash back cards as discount cards!

– Discover Cards are very flexible. Your cash rewards can be exchanged for real cash or if you prefer, other types of rewards such as store gift cards or merchandise.

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