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What credit score do I need for Discover student?
Compare to Other Cards
| Discover it® Student Cash Back | Discover it® Student chrome | Deserve® EDU Mastercard for Students |
|---|---|---|
| Recommended Credit Score 630689average | Recommended Credit Score 630689average | Recommended Credit Score 630850average – excellent |
Do I qualify for Discover IT student card?
To qualify for a Discover student credit card, you must be at least 18 years old, enrolled in a two- or four-year college, a U.S. citizen and have a Social Security number. You will also need to have verifiable independent income, like a part-time job, and you may have to show proof of income.
Is Discover a good credit card for college students?
Discover offers two fine cards for college students. The Discover it® Student chrome shines with its no-maintenance rewards structure and student-friendly bonus categories. You also get a free FICO score, low fees, and forgiveness for your first late payment.
Do you have to be 18 to get a Discover student credit card?
Be at least 18 years of age. Have a U.S. Address. Have a Social Security Number. Provide all the required information requested in your Discover application.
Why was I denied a Discover student card?
The reasons will be listed in the denial letter Discover sends out shortly after its decision. They may include an annual income below what’s needed to make minimum monthly payments, a low credit score, too many recent credit inquiries or a high amount of debt, among others.
How does Discover verify student status?
If Discover requires proof of student status, they will accept any document that verifies your name, your school name, and your enrollment dates.
Why did Discover Student Card deny?
Does Discover ask for proof of income?
Discover requires a minimum annual income of $25,000 to ensure that you can make your monthly payments, and if you don’t meet the minimum income requirement, you likely won’t get approved. Discover verifies income by requesting pay stubs and bank statements.
How long does it take to get approved for Discover student card?
In most cases, after submitting a Discover it Student Cash Back application, there will be a decision within 60 seconds. If a further review of your application is needed, it can take up to 30 days to receive a decision, but you will normally have the decision within 5 to 7 days.
Why did Discover student card deny?
Can I include my parents income when applying for a credit card?
The Credit CARD Act distinguishes between credit card applicants who are under 21 years old. If you’re 18 to 20, you can only use your independent income or assets when applying for a credit card. An allowance can count, but you can’t include a relative or friend’s income, even if they will help you pay the bill.
Is it better to put student or employed on credit card application?
You’re actually better off listing yourself as a student on most credit card applications, as the standard of eligibility is slightly lowered, for things such as annual income.
Can you lie about income on a credit card application?
If it is not, you could face serious penalties. When you add false information to a credit card application, you are committing a form of credit fraud. It is a federal crime that can carry serious repercussions, such as the following penalties: You could be unable to file bankruptcy or charge off debts.
Can I get a Discover card at 16?
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 independent proof of your ability to pay back the amount you charge, such as employment, other income, or assets.
Can you get a Discover student card in high school?
Most students will not qualify for a credit card in high school. For starters, merely being a student isn’t enough on its own to get you approved for a student credit card.
Do credit card companies actually check your income?
How Do Credit Card Companies Verify Income? Since income doesn’t show up on your credit reports, most credit card issuers don’t actually verify your income. For low lines of credit, it’s not worth their time or money.
Will I get approved for discover student card?
In many ways, which Discover card you choose to apply for will be the deciding factor when it comes to getting approved. If you are a student with a limited credit history, you should know ahead of time that you are unlikely to qualify for a prime rewards card aimed at people with good to excellent, established, credit histories. Check to see which of Discover’s top cards fit you — and your credit. Best Discover Card for Cash Back Rewards
How do you apply for a Discover credit card?
Call Discover customer service at 1-800-347-2683.
What is the best credit card for a student?
There’s not even a fee for returned or late payments — another feature that would be impressive even on a card for people with good credit. The student segment is packed with many options, but Capital One’s SavorOne line offers a student card that is
How do you apply for a Discover Card?
Check for fees. Read the fine print.