After careful analysis of both cards, you finally decide which card is best for you: Capital One vs. Discover Student Credit Card. Discover offers many rewards, including airline miles, points for every dollar spent, gift certificates, etc. The key here is to find the card that gives you the most value for your money, while giving you the rewards you want. We'll compare these cards in a minute but first let's look at the terms and conditions of each one.
This is an independent income opportunity for students, who can benefit from both immediate and long term benefits. You must be a part-time student with at least a 3.0 grade point average, as well as being enrolled full time at a four year college or university. Rewards offered vary, such as up to five percent cash back on purchases, up to a maximum of one percent cash back on the top purchases each quarter; up to five percent cash back on dining plans each quarter; and up to two percent cash back on gasoline rebates.
The Discover student credit card earns decent rewards, which are a good thing, but the real draw here is the cash back. Here's how it works: if you use your card to make purchases that are eligible for cash rebates, then you earn good credit card rewards. These rewards can be used to purchase merchandise, such as textbooks, supplies, etc., or to open up savings and checking accounts. This is how you build credit – by using your card to make regular purchases, which is rewarded with good credit card cash back.
The bottom line is this: whichever card benefits you the most, the key to building credit is paying your bill on time each month. The Discover student credit card is no exception, which is why the company offers such great rewards. Even if you don't have perfect credit, you'll still qualify for rewards. There's no annual fee, and there are no late fee charges. It's simply the best way to build a history of on time payments, which is important if you want to someday qualify for an unsecured loan for buying a home. And, of course, this is a card that you can cancel whenever you get tired of it – which gives you added security.
For those who need to do a bit of shopping online, the Discover student credit card from capital is the perfect choice. Because these cards aren't linked to a bank account, you can use them online any time you like, and even pay bills online. Plus, there's no annual fee; the lowest balance transfer fee is just $35. And, unlike some other cards, you don't have to worry about adding purchases to your student credit card from credit cards you've previously owned.
All in all, the Discover student credit card from capital is a great choice for people who need some emergency cash between paydays but don't want to accrue excessive debt. It's not difficult to build a good history by using the cards regularly and paying on time. Plus, since it offers such great cash back and rewards programs, you'll be building a history of strong credit scores, which will help you when you go out looking for a regular credit card. After all, your financial future depends upon it!
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