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Yes, the Discover it® Secured Credit Card will do a hard pull. You can apply for it even with a limited or less-than-perfect credit history.
You can prequalify for the Discover it Secured Credit Card on Discover's pre-qualification page, which will not affect your credit score as it will be a soft pull. However, if you do prequalify and want to get the card, you will need to submit an actual application which will result in 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. You can learn more about how to minimize the credit score damage here.
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People also ask
Does Discover it Cash Back do a hard pull?
Yes, Discover it® Cash Back does a hard pull. You will need a credit score of 700+ to get it. This means that Discover it Cash Back requires at least good credit.
Here’s what you need to know about the Discover it Cash Back credit pulls:
You can prequalify for the Discover it Cash Back on Discover's pre-qualification page, which will not affect your credit score as it will be a soft pull. However, if you do prequalify and want to get the card, you...
read full answer by Ricardo Dooley, MemberDoes applying for a secured card count as a hard inquiry?
Yes, applying for a secured card does count as a hard inquiry in most cases. More specifically, nearly all secured credit cards will do a hard inquiry into applicants' credit reports to assess their credit standing. However there are exceptions, such as the opensky® Plus Secured Visa® Credit Card. These secured credit cards with no credit check will not do a hard pull on your credit when you apply.
Things to Know About Hard Inquiries
A hard inquiry, also known as a hard pull, will likely drop...
read full answer by Cameron DiGiovanni, WriterWhen will the Discover it Secured Credit Card graduate to unsecured?
Your Discover it® Secured Credit Card may graduate to an unsecured account as soon as seven months after you get it, as long as you pay the bills on time and otherwise manage your finances responsibly. But there’s no guarantee it will happen. It all comes down to Discover’s determination of your creditworthiness.
After the seven-month mark, Discover’s credit analysts will review both your account and your overall credit history on a monthly basis to see whether it’s appropriate to refund your...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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