With the Discover it Student Cash Back Card, you earn 5% cash back on rotating categories, and 1% cash back on other categories. After the first 12 consecutive billing periods that your new account is open, Discover will match all of the cash back rewards you’ve earned and apply them to your account. The card has NO ANNUAL FEE.
With the Citi ThankYou Preferred Card For College Students, you earn 2x ThankYou Points on Dining out and Entertainment (click here for a detailed definition of entertainment) and 1X ThankYou Points on other purchases. There is a 2,500 ThankYou point bonus after you spend $500 in the first 3 months of account opening. The card has NO ANNUAL FEE.