How long does it take to get Discover it Secured?

The Discover it Secured approval time the same as for any card. If your file is all clear as rain, it'll be instantly. If they need to check more details, it'll take a couple of days while they verify your information. If you don't get a response right away, they've got an application status checker on their website. ... read full answer

As far as getting the card details before it reaches you in the mail, they don't have that option.

The Discover Secured Credit Card’s requirements for approval are straightforward and fairly easy to meet, even with bad credit. Discover it Secured merely requires a bank account, some income to balance out any debt and a lack of bankruptcy in your history.

As a result, the Discover Secured Card’s approval requirements are much easier to meet. Plus, it’s a great choice for either rebuilding bad credit or building credit from scratch.... read full answer

Still, approval isn’t guaranteed. So it’s worth taking a closer look at the factors that could lead to rejection before you apply.

Here are the Discover Secured Credit Card’s requirements:

• A bank account. You use this to pay the security deposit. And you’ll need to be able to deposit at least $200 to be approved.
• Some form of income. This isn’t that huge of a factor, as Discover has your deposit as collateral if you don’t pay them back. But Discover does say you can be denied if your income is too small.
• As little debt as possible. You can definitely have debt and still get approved for this card, but having an overwhelming amount might disqualify you.
• No pending bankruptcy. You can get approved with a completed bankruptcy on your credit report, but not if it’s still pending.

So the Discover Secured Card’s approval requirements aren’t all that high, but there’s still always a possibility of rejection. That’s why I recommend checking your credit score and report before you apply, to get a better grasp of your situation. And don’t forget that if you do get rejected, you can ask for reconsideration by calling Discover at 1-800-347-2683.

The Discover card grace period is at least 25 days from the end of each billing period until the payment due date. Billing periods that begin in February get a minimum of 23 days. Discover will not charge interest during the grace period as long as there’s a $0 balance at the start of the billing period. So to avoid interest charges, pay the balance in full by the payment due date every month. The due date is included on each monthly statement and will always be the same date each month (e.g. the 15th).... read full answer

If you don’t pay a Discover card’s balance in full by the due date, the remaining balance will begin to accumulate interest. Every day there’s an unpaid balance, interest charges accrue both on the principal balance and the previous days’ interest. New purchases will accrue interest right away, too. This cycle will continue until you pay off the entire balance.

Keep in mind that grace periods apply only to purchases. Grace periods do not cover cash advances or balance transfers. Those types of transactions will begin to accrue interest the day they’re processed.