Discover it® Student Cash Back Credit Card: annual fee, APR and rewards

Fact sheet for the Discover it® Student Cash Back Credit Card, issued by Discover (Capital One), with no annual fee, an intro APR offer and cash back. Every detail below comes from the issuer’s pricing and terms pages, checked on the date shown at the end of the page.

Issuer	Discover (Capital One)
Network	Discover
Annual fee	$0
Rewards	Cashback: Earn 5% cash back on everyday purchases at different places you shop each quarter, up to the quarterly maximum when you activate. Plus, earn 1% cash back on all other purchases.
Purchase APR	16.74% to 25.74% variable APR after that
Intro APR	0% intro APR for 6 months on purchases
Balance transfer fee	5% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR.
Sign-up bonus	Unlimited Cashback Match: unlimited dollar-for-dollar match on all the cash back earned at the end of your first year.
Foreign transaction fee	None
Credit level	Fair

What new cardholders actually got

In the CFPB's Terms of Credit Card Plans survey for July to December 2025, new accounts on this card got a median purchase APR of 24.24%, with a range of 16.49% to 29.24%. The advertised range above is what the issuer offers today; the survey shows where approved applicants landed.

Source: Consumer Financial Protection Bureau, Terms of Credit Card Plans survey.