Frequent question: Is it hard to get 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. With that being said, it’s not just your credit score you should worry about.

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.

How do I qualify for a student Discover 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.

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What is the credit limit on 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.

What credit score does Discover require?

What’s the minimum credit score needed for Discover cards? A 700+ credit score is needed to get most Discover credit cards, but there’s no minimum credit score needed for a few Discover cards. You can get the Discover it® Secured Credit Card with a bad credit score (300+).

Can you get a Discover student card with no credit?

A 700+ credit score is needed to get most Discover credit cards, but there’s no minimum credit score needed for a few Discover cards. … And college students don’t need a credit score, or any credit ex. But you need at least good credit for all the other offers, including … read full answer.

How long does it take Discover to approve you?

At this point, there are three possible outcomes: You can be instantly approved, instantly denied, or you can receive a message that your application needs further review. With an instant approval, the issuer will typically deliver the card in 7-10 business days.

What is the minimum payment for Discover student Card?

The Discover minimum payment is the greater of $35 or 2% of the full balance plus any past-due amount, or $15 plus new interest and late fees. If the entire balance is lower than $35, then the balance amount is the minimum payment.

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What is the fastest way to build credit?

8 Ways to Build Credit Fast

  1. Pay bills on time.
  2. Make frequent payments.
  3. Ask for higher credit limits.
  4. Dispute credit report errors.
  5. Become an authorized user.
  6. Use a secured credit card.
  7. Keep credit cards open.
  8. Mix it up.

What is the highest credit limit for Discover?

You’ll get at least a $5,000 credit limit with this card, and some people report a high limit of $100,000. This card requires good credit and the annual fee is $95. This card’s minimum credit line is $1,000.

Is Discover a good credit card for students?

The bottom line: This is a great card for a student learning to handle credit. On top of the rewards, you get a free FICO score, low fees and forgiveness for your first late payment.

Do you have to be a student to get a student credit card?

You typically have to be a student in order to qualify for such cards, and in fact, many issuers will verify your college enrollment. However, there are some student credit cards that do accept nonstudent applicants. And there are alternative credit card options that can help nonstudents who are new to credit.

Does Discover approve instantly?

Discover card approval may happen instantly when you apply, or you’ll get a letter and email within a couple of weeks. Your card should arrive 7-10 business days after you’re approved.

Why wont Discover approve me?

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.

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Does Discover do a hard inquiry?

Pretty much any time you apply for new credit, whether it’s a bank loan or a credit card, the lender does a hard inquiry into your credit history. The inquiry stays on your credit report for two years, but the more responsible you are as a borrower, the sooner your score will turn around.