Does Discover it Secured Credit Card do a hard pull? This question is about the Discover it® Secured Credit Card

Does Discover it Secured Credit Card do a hard pull?

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This question is about the Discover it® Secured Credit Card

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@WalletHub • 06/24/20 This answer was first published on 11/29/17 and it was last updated on 06/24/20.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, the Discover it® Secured Credit Card will do a hard pull. You can apply for it with bad credit though.

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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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...

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Does 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 creditworthiness. However there are exceptions, such as the OpenSky® Secured Visa® Credit Card and the Applied Bank® Secured Visa® Gold Preferred® Credit Card. These secured credit cards with no credit check will not do a hard pull on your credit when you apply.

What you should know about hard inquiries:

A hard inquiry, also known as a hard pull,...

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When will the Discover it Secured Credit Card graduate to unsecured?

Your Discover it® Secured Credit Card may graduate to unsecured as soon as seven months (7th billing cycle) after account opening, assuming you pay your monthly bills on time and otherwise manage your finances responsibly. But there’s no guarantee when, or if, it will happen. It all comes down to Discover’s determination of your creditworthiness. After the seven-month mark, Discover’s credit analysts will periodically review both your account and your overall credit history to see whether it’s appropriate to refund your security deposit, thus...

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