Yes, the Discover it Secured Credit Card reports to all three of the major credit bureaus: TransUnion, Equifax and Experian. This will be reported within days after the end of your monthly billing period.
After the Discover it Secured Credit Card account information has been reported to the credit bureaus, it may take a few days before the updates appear on your credit report.
If used responsibly, this credit card will surely help you rebuild your credit.
The Discover it® Secured Credit Card reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. Discover it Secured Credit Card reports the card’s credit limit, account balance, payment history, and more to all three of the major credit bureaus: TransUnion, Equifax, and Experian. Discover may use a specific credit bureau more than another, depending on the applicant’s home state, and other factors.… read full answer
Once Discover it Secured Credit Card reports your account information to a credit bureau, it may take a few days before the updates appear on your credit report. New Discover it Secured Credit Card cardholders may not see any new credit account info on their credit report for one or two billing periods after getting a card.
Discover reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. Discover reports a credit card’s credit limit, account balance, payment history, and more to all three of the major credit bureaus: TransUnion, Equifax, and Experian. Discover may use a certain credit bureau more than another, though, depending on the applicant’s home state and other factors.… read full answer
Once Discover reports your account information to the credit bureaus, it may take a few days before the updates appear on your credit report. New Discover cardholders may not see any new credit account info on their credit report for one or two billing periods after first getting a card.
The best secured card that reports as unsecured is the Capital One Quicksilver Secured Cash Rewards Credit Card because it has a $0 annual fee and gives 1.5% cash back on purchases. But there are plenty of other secured credit cards that report as unsecured.
In fact, every secured card does. Credit cards are never labeled “Secured” or “Unsecured” on your credit reports. They just show up as open credit card accounts, no matter what type of card they are. The big difference between secured and regular credit cards is that secured cards require a security deposit, which acts as your spending limit. So, they’re easier to get.… read full answer
Secured cards have the exact same credit-building potential as unsecured cards. If you make all your payments on time and don’t rack up a lot of debt, you should eventually be able to qualify for unsecured cards with more attractive terms. And there are plenty of good options currently available, all of which report to all three credit bureaus every month. That means any of them can help you improve you credit if used carefully.
Popular secured credit cards that report as unsecured to credit bureaus:
Low deposit:Capital One Platinum Secured Credit Card. Reports to all three major credit bureaus. $0 annual fee. Offers a $200 starting credit limit in return for a refundable security deposit of $49, $99 or $200, depending on your credit standing.
Those aren’t the only secured credit cards that report as unsecured, since all secured cards do that. But they provide some of the most attractive terms on the market. And remember, any type of credit card can help improve your credit score. You just have to pay your bills on time and keep your spending low.
Exactly which type of secured card is best for you depends on your preferences. But it’s probably best to focus on no annual fee first. Then, you can worry about other things like rewards.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by a WalletHub user.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.