What credit score do you need for Discover IT student?
You’ll want to have at least Fair/Limited credit to qualify for a Discover it® Student Cash Back, which means you should have a credit score of at least 600. That being said, there’s no way to guarantee you’ll be approved for a Discover it® Student Cash Back, even if you have good credit.
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.
Why was I denied a Discover student 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.
Do you need income for Discover Student Card?
No. If you’re a college student, you need to show a source of income to establish that you can pay back charges before you get your own credit card account. It may be worthwhile to consider a card with no annual fee because you won’t have to worry about that additional fee being included in your initial balance.
Can I get a Discover card with a 600 credit score?
Good to excellent credit
You’ll likely qualify for any Discover card if you have good or excellent credit. To clarify, a good credit score is a FICO® Score of 670 or above. In this case, it makes sense to go for one of the most valuable Discover credit cards.
Is it easy 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.
Can I get a Discover student card without being a student?
And the terms for the Discover it® Student Cash Back state that you must be a college student to be eligible for the card. … The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card’s rates, fees, rewards and other features.
Is Discover student good?
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.
Can a 17 year old open a credit card?
Teens can begin building credit at a young age by becoming authorized users on their parents’ credit cards. At 18, teens can apply for a credit card in their own name. The best teen credit cards have low credit requirements and keep costs to a minimum.
How can I get a 5000 credit limit?
The best way to get a credit card with a $5,000 limit with bad credit is to apply for the Harley-Davidson Secured Card and place a $5,000 security deposit. A secured credit card’s credit limit is equal to the deposit amount. But most secured cards do not allow deposits as high as $5,000.
Does Discover ask for proof of income?
American Express and Discover are the two main credit issuers who routinely request Form 4506-T to verify your income.
Does Discover do hard pull?
Yes, the Discover it® Secured Credit Card will do a hard pull. … A hard pull usually causes an applicant’s credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months.