Minimum Credit Score Needed 
Limited History
Discover it® Secured
Editor’s Take
Discover it® Secured Review
Discover it® Secured is one of 2019’s best secured credit cards because it has a $0 annual fee, rewards you with 1% to 2% cash back on purchases, and requires a deposit of just $200. Discover also doubles the rewards you earn the first year.
Very few secured credit cards have rewards, and pairing them with no annual fee is almost unheard of. So applying for Discover it Secured and paying your bill on time every month can be a very fruitful way to build or rebuild your credit. You can find more details about the offer below.
John Kiernan, Credit Card Editor
Jul 17, 2019
Very few secured credit cards have rewards, and pairing them with no annual fee is almost unheard of. So applying for Discover it Secured and paying your bill on time every month can be a very fruitful way to build or rebuild your credit. You can find more details about the offer below.
Discover it Secured Card Review Highlights:
- No major fees. Discover it Secured is one of only five general-use (i.e., non-credit union) secured credit cards with no annual, monthly or processing fees, according to WalletHub’s database. And since fees are one of the two most important considerations for people with bad credit (along with approvability), it certainly should be one of your finalists for anyone focused on credit-improvement.
- One of the few secured cards with rewards. Only 10 other secured credit cards offer rewards. All but two are more expensive than the Discover it Secured credit card, and none give you as much value. The 2% cash back that you’ll earn on the first $1,000 spent at restaurants and gas stations (combined) each quarter is nearly double the average earning rate for cash rewards cards market-wide. And all other purchases yield 1%, or roughly the market average, which is more than respectable for a secured card.
- Great first-year bonus. The thing that really puts the Discover it Secured over the top is its promotional offer to match (i.e., double) the cash back rewards that you earn the first year your account is open. It’s a fantastic opportunity to save, to say nothing of the fact that initial bonuses are basically unheard of among secured cards.
- $200 minimum deposit. Secured cards can afford to offer relatively attractive terms because they require you to place a refundable security deposit, the amount of which generally serves as your spending limit. The Discover it Secured’s $200 minimum requirement is tied for the lowest available among fully secured cards. Furthermore, it’s worth noting that you are required to place your deposit when you submit an application for the Discover it Secured credit card. You’ll get it back right away if you don’t get approved, though.
- High regular APR. The Discover it Secured card charges interest at a rate well above the market average for a secured card, according to WalletHub’s latest Credit Card Landscape Report. That’s why it’s a bad idea to carry a balance from month to month with this particular secured card. It’s unwise to do so with secured cards generally because you can only spend money that you’ve prepaid. That means you’d be paying interest on a loan to yourself.
- Reasonable approval requirements. There’s always a chance that you’ll get turned down for a credit card, even one that’s secured. But the Discover it Secured card is designed for people who are new to credit or looking to rebuild their credit, which Discover classifies as those with credit scores below 670. In other words, you should be able to get approved even if you have “bad” credit. You just need to show that your income can support monthly payments given your existing debt obligations, that you haven’t recently declared bankruptcy, and that you have both a valid Social Security number and a U.S. bank account. You can check your latest credit score for free on WalletHub to gauge your odds of approval.
- Very good reviews. It’s wise to see what current and former cardholders think about an offer prior to applying for it. With that in mind, you can read Discover it Secured credit card reviews from the WalletHub community, below. Their overall opinion isn’t quite as high as ours, but it certainly isn’t bad.
Jul 17, 2019
Discover it® Secured's Rewards
- 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases.
- INTRO OFFER: We automatically match all the cash back you've earned at the end of your first year.
Discover it® Secured's Key APRs & Fees
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ONE-TIME FEES
None
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ANNUAL FEE
$0
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MONTHLY FEE
None
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REGULAR RATE
25.24% (V)
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GRACE PERIOD
23 days
Discover it® Secured's Highlights
- No Annual Fee, earn cash back, and build your credit with responsible use.
- It's a real credit card. You can build a credit history with the three major credit bureaus. Generally, debit and prepaid cards can't help you build a credit history.
- Establish your credit line by providing a refundable security deposit from $200-$2500 after being approved. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit.
- Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
Discover it® Secured's Additional Info
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MAX LATE FEE
$39
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MAX OVERLIMIT FEE
None
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MAX PENALTY APR
None
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FOREIGN TRANSACTION
FEE
None
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SMART CHIP
Yes, chip-and-signature
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CASH ADVANCE APR
27.24% (V)
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CASH ADVANCE FEE
5% (min $10)
at Discover Bank's secure site
Editor's Pick
Discover it® Secured is an Editor's Pick for:
Related Credit Card Categories
Discover it® Secured is related to the following categories:
Customer Questions and Answers
Don't see what you're looking for? Submit your question about Discover it® Secured to our community.
How can I get a Discover Secured Card credit increase? Do I have to deposit more money? Reply 167
Paddy Sullivan
@PaddySully
There are two ways to get a Discover Secured Card credit increase: 1) add money to your security deposit or 2) graduate to an unsecured card after consistent on-time payments. But depositing more money is certainly the easier and more immediate way to get a Discover Secured Card limit increase. You’re unlikely to graduate to an unsecured card (i.e. get your deposit back) for at least 7 months.
You can find more info on both options below, starting with the more accessible of the two.
Here’s how to get a Discover Secured Card credit limit increase:
1. Add to Your Deposit – Discover it Secured’s deposit can be as little as $200 or as much as $2,500. And your spending limit will equal whatever you put down. So if you deposited less than $2,500 at the start, adding to you security deposit will result in a credit limit increase. Specifically, your limit will increase by the amount you add.
To deposit additional funds, you’ll need to log in to your Discover account or call Discover customer service at 1-800-347-2683. Bear in mind it’s possible that Discover could deny your deposit if you haven’t been paying on time.
2. Pay On Time for 7+ Months – Starting 8 months into your account, Discover will take a basic look at your credit and payment history. If they like that they see, Discover may choose to graduate you to an unsecured card. If that happens, they’ll return your security deposit and you’ll have an equal or higher unsecured credit limit.
Exactly how high that credit limit will be depends on Discover’s evaluation of your credit. And if a year has gone by and you’ve been consistently paying on time but haven’t been contacted by Discover, there’s no harm in calling them up and inquiring about graduation.
Finally, you can always apply for another card from a different issuer. Your credit line will be separate, but you’ll have a higher amount of total credit.
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Upvotes
What are my Discover it Secured Card approval odds? I have bad credit. Reply 147
WalletHub
@WalletHub
Your Discover it Secured Card approval odds are pretty good, even with bad credit. Discover it Secured was designed for building or rebuilding credit, which means you can get it despite being a newcomer or having a bad score. As long as you have at least $200 to put down for the mandatory security deposit, which serves as your credit line, your odds are very good. But nothing is guaranteed. In particular, Discover names three reasons why you might not be approved: not enough income, too much debt, or a pending bankruptcy. You can look into whether those exclusions apply to you by checking both your latest credit report and your personalized credit analysis, which you can get by signing up for a free WalletHub account.
In general, secured cards have the highest approval rates of any credit cards because there’s little to no risk to the issuer. They can just keep your security deposit if you don’t pay your balance, after all. If you do get denied, Discover will tell you exactly why in their response. But you don’t necessarily have to give up there. You’re allowed to call Discover at 1-800-347-2683 and ask them to reconsider your application.
And if you’re still denied after reconsideration, you’re not completely out of options. Becoming an authorized user on a friend’s or family member’s credit card account can help improve your credit, at least to the point where you can qualify for your own card. You may also want to check out our ”guaranteed approval” credit cards page to see if there are any offers available that don’t require a credit check.
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Upvotes
How can I check my Discover Secured Credit Card status? Reply 72
WalletHub
@WalletHub
You can check your Discover it® Secured credit card status online or by phone: 1-800-347-2683. You’ll need to provide at least your Social Security number (SSN) to help Discover locate your application. And your status will be one of three things: approved, denied or pending. We’ll walk you through the full process for each method below.
Here’s how to check your Discover Secured Credit Card status:
1. Online: Visit Discover’s “Check Status” page, and enter your SSN and zip code in the provided fields. Click “continue,” and Discover will take you to a page listing the status of any applications you’ve made.
2. By phone: Call Discover customer service at 1-800-347-2683 and navigate the menu until you hear “check the status of a pending application”. Currently, you want to press “#” and then “4,” but that could change. After providing your first and last name, SSN and zip code, you’ll be able to hear your application status.
These instructions apply to any Discover credit card, not just Discover it Secured. And if you find out that you’ve been rejected, you can also call Discover and ask for reconsideration. But this is unlikely to work unless there’s been an important change related to Discover’s stated reason for rejecting you.
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Upvotes
When will the Discover Secured Credit Card graduate to unsecured? Reply 1610
WalletHub
@WalletHub
Your Discover it® Secured may graduate to unsecured as soon as eight months 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 graduating you to an unsecured card. But there are some steps you can take to improve your odds.
Here’s how to become a Discover Secured Card graduate:
1. Pay on time. This is probably the most important part of the process. If you don’t pay your Discover it Secured bills by the due date, you won’t even be considered for graduation.
2. Use your card responsibly. Maintaining low credit utilization will indicate to Discover that you can handle an unsecured card. So aim to use only 30% or less of your “it” Card’s limit.
3. Improve your other finances. Adding to your income and paying down debt will improve your creditworthiness as a whole, making you a better candidate for an unsecured card.
If you do graduate, you’ll receive your full deposit back. But that could take as long as two billing cycles to happen, so don’t get worried if you don’t get it right away. You can call Discover customer service at 1-800-347-2683 to be sure, if the two-cycle period elapses without a check being sent.
And lastly, if it’s been over a year and you’ve always paid on time but haven’t heard from Discover, you should give them a call to inquire about graduating. Even if they say no, it doesn’t hurt to ask.
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Upvotes
Can you do a balance transfer on a Discover it Secured card? Reply 93
Ashley Koch
@ashley_koch
You cannot do a balance transfer on the Discover it Secured card. That's going to be the answer for most (if not all) secured credit cards.
They tend to not allow balance transfers on them. You can do balance transfers off them to other cards, though.
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Upvotes
What should I know about the Discover secured card deposit? Reply 1311
HECTOR MOLINA
@hectormolina
You cannot send your security deposit later, it doesn’t work like that. You have to cough up the minimum $200 to even be considered for approval. You get it back if you’re not approved though.
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Upvotes
Does the Discover it Secured card report to all credit bureaus? Reply 81
Robert W Polk
@robert.polk
The Discover it® Secured Card reports monthly usage information to the credit bureaus just like any other unsecured card would do, therefore, if you use it responsibly, it will surely help you rebuild your credit. Track your progress by monitoring your credit score for free on WalletHub.
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Upvotes
I have no credit, I'm in the mid-40s and have medical debt. Would I be eligible? Reply 4715
WalletHub
@WalletHub
Yes, you should have a good shot at getting approved. The Discover it Secured Card was designed for (re)building credit and is available to people with bad credit. And while every secured card has minimum approval requirements, the only real deal-breaker that Discover calls out is if you have a pending, non-Chapter 7 bankruptcy.
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Upvotes
Discover it® Secured Reviews
Share your insights and review the Discover it® Secured.
Jun 17, 2019
I applied and received this card in March 2019 easy process. It's now June 2019 3rd statement in and ai have had no issues with this card! Love the cash back. My fico score is now at 658 with TransUnion when I first opened it was 592. It has only gone up! I pay off balance before the closing date so it can show 0% utilization on my credit report. I have never carried a balance so the due date is always $0 owed. Call and ask when the statement Closing date is and always make sure it is $0 balance on that date. I'm looking forward to right after my7 month statement, crossing my fingers that I get an increase in my credit limit like others $2000 to $2500. I also noticed that people who added more money on there account to have a bigger limit did not get the increase until after 13 months instead of 7th billing cycle if at all. graduation automatically seems to happen later. I'm keeping mine at $200 it's fine with me!!!… show more
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May 20, 2019
I cant say enough good things about Discover. I'm working on getting a 2nd CASH BACK card. I held the secured card for 7 months, exactly when the 7th statement closed I got my deposit back. Initially I put 300, then I added 700 later. So I got the 1K back and they doubled my limit
May 19, 2019
I’ve had this card for little over a year. I think it’s a great card it’s no annual fee $0, 2% cash back on gas stations & restaurants, plus reward matching the first year. Other unsecured cards I have doesn’t have these benefits. As with anything I believe it’s important to read the fine print to try and avoid being blindsided. But this company doesn’t really have hidden fees so all the negative reviews are from people not doing their due diligence. Are there drawbacks? Of course! 1 being they report as a secured card but meh what can you do. 2 they do take 1-3 days to post your online or app payment so if you aren’t careful with your checking account you could get a returned payment. This has never happened to me but my younger irresponsible self probably would have. 3 I have had to call them once because they held my account after making my FIRST large payment but no issues since. I now avoid all this my utilizing my banks online bill pay discover gets it electronically same day boom crisis avoided. Might I add some of these reviews complaining about payment posting times, trying to pay with pay/ prepaid cards is stupid. In addition to getting a credit card you need to also get a reputable bank account and get all your financial aspects in order. The key to getting ahead is learning how these companies work and play the game. They won’t tell you how to play better than them because they bank on us not figuring them out. My last thing is I still haven’t been graduated! Am I bummed yes I’ve paid on time in full every month since obtaining this card. My score had improved however I think it’s to do with my student loans not decreasing much and me having to get a new car loan. I believe that’s something people need to consider as well is not just about the score and your payment history it’s the FULL picture. Debt has to be reduced over all. So for now I’m fine the benefits outweigh being unsecured to me...for now. Hope this helps someone.… show more
May 18, 2019
Got denied, I plan on calling them to find out why. I have little debt and my credit score is 595. I Do have a bankruptcy that is 6 yrs old and it was discharged in 2013. I thought I was good based off all the reviews but I guess not. I have only 1 credit card with $240 limit that I pay on time. Also have 2 school loans 6k and my car is about to be paid off never late balance is under 2k 52 on time payments. Don’t know where I went wrong with this card. I’m hopeful when I call them l, they reconsider. Pray for me guys lol… show more
06/01/19
It sounds me to that you should be testing the pre-qual form instead of applying at a cold app. If you have bankruptcy on your CR, you should always be trying the pre-qual to see if you even have a shot of doing business with them.
05/18/19
Update: I did call and please be warned!! They do not do reconsiderations. Once ur denied, you are denied. Next, whether or not you have a discharged bankruptcy or not, you will not get approved. So if you do have a bankruptcy do not waste your time and inquiry on this card. She also told me I have insufficient revolving accounts. Good luck out there hope this helps
Apr 24, 2019
I got the Credit Karma app at the suggestion of my fiance, so I'd know where my credit numbers stand (I was one who thought it better not to know such horrors) and I am glad I sucked it up and looked. My credit was poo. I was in the mid 500's and if I wanted to own a home, get a decent interest rate for a car, I had to get my scores up and clean up my credit. I applied for two cards one being Discover It Secured Card and set my initial limit at $1000. I read some reviews and one suggested bumping it up as much as you can so, I put another $1000 on it and made my purchases and made sure I payed my card (and my other cards/loans) on time. I set up calendar reminders on my phone to insure that I wouldn't forget. Its now April 2019 and to my surprise I got a letter from Discover graduating my card to unsecured and a check for my deposit. They review not only how you use their card but your history across all of your cards,loans, etc to determine if your're a good candidate to graduate your card. I love my card and it is and will always be my go to card! Thanks Discover for allowing me to get my credit back on track!… show more
Apr 03, 2019
Just ridiculous! Discover It Secured card is named one of the top secured cards to get
after Chapter 7 bankruptcy. I have a 650 credit score post bankruptcy. I am an authorized user on one of my husband's credit card & have 1 student loan. I also have a house but it was included but we continue to pay on time & will keep it. I was approved for a new car loan with no problems! I was approved for another secured card no questions asked. I was prequalified which is the only reason I applied yet I was still denied. I was sent a letter saying I was denied due to bankruptcy. I called customer service & they stated becuase of bankruptcy & other things on my credit? There's nithing bad on my credit. I always paid on time & have a good credit history. This company is total garbabe & huge liars. I won't apply with them,in the future for anything. They don't deserve good people trying to get their credit back on track as customers...… show more
after Chapter 7 bankruptcy. I have a 650 credit score post bankruptcy. I am an authorized user on one of my husband's credit card & have 1 student loan. I also have a house but it was included but we continue to pay on time & will keep it. I was approved for a new car loan with no problems! I was approved for another secured card no questions asked. I was prequalified which is the only reason I applied yet I was still denied. I was sent a letter saying I was denied due to bankruptcy. I called customer service & they stated becuase of bankruptcy & other things on my credit? There's nithing bad on my credit. I always paid on time & have a good credit history. This company is total garbabe & huge liars. I won't apply with them,in the future for anything. They don't deserve good people trying to get their credit back on track as customers...… show more
Apr 02, 2019
Declined wit score in the early 600s dont know why said “I’ll get a letter in the mail within 7-10 business days. Highly disappointed. Been reading all the reviews seen ppl get approved wit lower scores, very interested in why I was declined. Have 4 open accounts never late, 2 years is the oldest and 3 months is the newest.
Mar 24, 2019
GAME-CHANGER WITH FAST RESULTS!! I messed up my credit a few years ago to chase after love. After that failed miserably, I lost my job and decided I'd never allow myself to get that low again. Beginning anew with a part-time job, I got this secured Discover It. card with the minimum deposit in 8/2018. I used it often for gas or groceries, making sure that I never let my balance revolve at more than 30% of my tiny $200 limit. Basically, I followed my pay schedule and paid on my card every 2 weeks. I'll tell you, in March, 2019, my mindful behavior really paid off, and I was surprised with a letter, returning my deposit back to me and a very significant credit limit increase. After only 6 mos, I have grown my financial confidence back and feel very proud of my conscious payment habits! I know each of us is unique, but I can testify that Discover is willing to reward those with a good track record. It feels wonderful to have my deposit back, to have a much higher credit limit, and I'm watching this card help my FICO score improve!!… show more
Mar 08, 2019
Applied for and received my Discover It Secured in August 2018, along with another secured card.
I started out making multiple payments a month but now just make sure the balance is at zero before every statement and leave it at $0 a few days before and after payment would be due (my due date is the 1st, had it at $0, used it on the 3rd for new cycle and it showed a balance when they reported to bureaus).
The app is very convenient and easy to use, the rewards add up (free $21 so far), and my credit scores through CK went from lower 500s to lower 700s.
At the 8th month now I just got an email they're returning my deposit and giving me a $2500 credit line.
It's a fantastic way to build credit- responsibly. Couldn't be happier, unless I suppose they gave 10% cash back =D ave… show more
I started out making multiple payments a month but now just make sure the balance is at zero before every statement and leave it at $0 a few days before and after payment would be due (my due date is the 1st, had it at $0, used it on the 3rd for new cycle and it showed a balance when they reported to bureaus).
The app is very convenient and easy to use, the rewards add up (free $21 so far), and my credit scores through CK went from lower 500s to lower 700s.
At the 8th month now I just got an email they're returning my deposit and giving me a $2500 credit line.
It's a fantastic way to build credit- responsibly. Couldn't be happier, unless I suppose they gave 10% cash back =D ave… show more
Feb 08, 2019
Just Recieved My Card in the Mail Today, I applied on the 28th of January, so i would say thats quik. I have no credit Score or History so im happy to have this card, i also just got a Capital One Secured last Month They actually just reported but still No score yet.. takes time
Jan 14, 2019
I obtained the card to help increase my credit score. The application process was easy. I was approved instantly and received my card in less than 2 weeks. I made 2 purchases with the intent to pay the full balance when I received my statement. By the time I received my first statement, Discover had already reported my balance to Equifax which dropped my credit score down 5 points because my balance was more than 10% of my credit limit. I immediately paid the full balance and going forward will only use the card for a small purchase (like gas) and pay the balance immediately.… show more
Dec 31, 2018
I chose to use Discover it Secured to start credit for a new business. After making a $2500 security deposit and providing all requested verification my account was closed due to business reasons which could not be explained. After being on the phone for over an hour, I was told it would take the equivalent of two weeks to receive my deposit back by way of check. Horrible business and customer service.
Dec 11, 2018
To many goodies for Secured Card. Looks more like regular reward one for people with good credit. They need to let the low fico know the good deal they can get. I have a visa and a mastercard. Never so the the discover deal
Nov 19, 2018
I’ve had this card going on 3 months now and so far I’m very pleased with it. I was approved with scores in the mid 500s. Two weeks after receiving it appeared on all three of my credit reports and boosted my score 34 points.
Nov 09, 2018
I am a student and Discover won't consider me for a card because they can't verify my social security number? It must mean they actually do check your credit because I have none but I do file taxes. Go figure.
Oct 25, 2018
If I could give a 0, I would. This card and reviews are BOGUS. Do not waste your time with the hard inquiry. How do you not get approved for a secured card? Mind you, I have to send them a deposit. THIS CARD MAKES NO SENSE. I read the reviews, my score is a 678, and I have 3 unsecured cards with $3500 or more on each with no late fees. I’m rebuilding my credit, so if you’re like me, apply for a Capital One card.
SAVE YOURSELF SOME TIME AND DON’T APPLY. GO TO CAPITAL ONE OR EVEN OLLO!!!!!!!!… show more
SAVE YOURSELF SOME TIME AND DON’T APPLY. GO TO CAPITAL ONE OR EVEN OLLO!!!!!!!!… show more
03/24/19
I got both the Cap One and Discover It at the same time with a lower score than you are claiming. Sounds like other factors are involved with your creditworthiness. By the way, Cap One gave my creditless coworker a card less than a year after having TWO Cap One charge-offs. They give EVERYONE a card. ?
03/15/19
I applied out of boredom just to test a theory. I was approved with a 698 score and 2 unsecured cards so I sent them $2500 just to get the max benefit out of the card.
01/30/19
Maybe you credit is too good .....from your description you are not in rebuilding credit mode at all. Congratulations.
Oct 11, 2018
I wasn’t approved for the secured card with a credit score of 540. I was approved for the Citi secured card, though? I was really hoping to get approved for this one. I’m just trying to rebuild my credit. Too bad, Discover.
Oct 07, 2018
I chose this card because discover is a great name and I thought it would help me restore my credit. About a year ago I began a serious rebuilding of my credit score. I made some major credit related financial mistakes in my youth which hurt my credit. Last year I started applying for just about any cards I could get approved for. I was given a 300 secured discover card and a few others. Every month I would spend a couple of hundred dollars on this discover card and then pay it off at the end of the month. It states that after 8 months they evaluate you account and decide from your 8 month history whether or not you can move to an unsecured card and have your original security deposit refunded. My history with this secured discover card is absolutely perfect. I have never missed a payment and have paid off the balance every single month. Over the last year I have now been issued 5 other credit cards and managed to jump my score nearly 75 points higher. Every single credit card that I have been issued raised my credit limit nearly 3-400% of the initial balance and now I'm already being offered car loans, etc. The only card that has never changed, grown or helped me was this discover card. Not only did they NOT evaluate my account after 8 months but my credit limit has never changed at all. I have written to them several times asking them to evaluate my account as they promised only to be blown off with a standardized letter explaining how they will evaluate my account after 8 billing cycles, etc. This is funny considering my letter to them is about them NOT doing this very thing. If you are able to get a Credit One card I would recommend that before this secured discover card. They have raised my credit limit and now have offered me their higher end card with a much higher limit after 9 months of responsible use on their starter unsecured card. You also may want to try store specific cards. I shop for music related gear quite often and was issued a sweet water card and a guitar center card both through synchrony bank. Both of those cards have raised my credit limit literally thousands of dollars within a year and that has seriously helped my credit scores. Online research showed this discover card to be a good credit building card but for me it has been a lack luster experience and not as helpful as other cards I have used as credit building tools over the last year.… show more
Oct 01, 2018
Wow. After reading all the reviews, and wallethub saying I had a very good chance of approval, they didn't approve my application and information will be sent regarding their decision . So bummed, have a 565 vantage Score that will now get hit with another inquiry. So disappointed Discover
Sep 25, 2018
I did not want to apply to many CC's because of the hard pull, and so I got me a Discover card. Put 500bucks down, kept it under 2% for 7 months, had actually to force myself to use the card, yet always left a couple of bucks on the card after paying it off right away, not once above 1%, hence 5bucks. Then they sent me a check for the deposit and increased my limit to 1.5K to an Discover chrome. Bit low for that I am now in the 720 range of credit scores and started with around 580, yet my history is pretty new, so despite the low increase I am glad to have a real CC.
And yes folks it is REALLY possible to increase your score around 150 points within 6-7months if you have nothing really major on it. I paid two collections I did not even know about off, with the agreement that they take it off my credit history and boom I was in good standing. Just relative new, but some oldstylish people, like me, don't care much about it, yet it is necessary. So thanks to Discover, also, I am fine now, and next will be Amex and Cap one because I still have not any other accounts....my bad, but I pay my stuff off right away usually. A car loan would have helped I was told. Neverthless thanks Discover, I will not forget that, that it truly happened like it was written here plenty of times, just the increase was a bit low....expected more trust....no offense. Like I said, 720ish Credit score, around 85K salary, no collections, just new history...bit disappointing! BUT a good card to start with....so, once again thanks Discover! Only four stars because of the low increase.....… show more
And yes folks it is REALLY possible to increase your score around 150 points within 6-7months if you have nothing really major on it. I paid two collections I did not even know about off, with the agreement that they take it off my credit history and boom I was in good standing. Just relative new, but some oldstylish people, like me, don't care much about it, yet it is necessary. So thanks to Discover, also, I am fine now, and next will be Amex and Cap one because I still have not any other accounts....my bad, but I pay my stuff off right away usually. A car loan would have helped I was told. Neverthless thanks Discover, I will not forget that, that it truly happened like it was written here plenty of times, just the increase was a bit low....expected more trust....no offense. Like I said, 720ish Credit score, around 85K salary, no collections, just new history...bit disappointing! BUT a good card to start with....so, once again thanks Discover! Only four stars because of the low increase.....… show more
Sep 22, 2018
I've had the card for about a year and a week. Started out with $200 secured deposit. I made about 2 payments a month and tried to have a zero balance around statement time. Usually the balance was 0-50. Paid in full ever month. I get $35 I'm matching cash back so I've earned $70 in free money. Also, last night they emailed me that they were graduating me to unsecured with a $2k limit. Very happy with this car. Tip: if you spend freely do what I did a few months in and cut up your card. Use it for a couple monthly regular charges and pay it every month in full. Starting credit score 603 to 619. Although I did have a settlement boost it. So doesn't improve credit score much but a great card anyway.… show more
Sep 20, 2018
i was declined. and this is a scured card wow. ......... .................. ............................................................................................................................................................................................................................................................ if no stars were available i would give it
Sep 17, 2018
My score was 505, and I got approved. Unemployed put I put my husbands income on the application. Hopefully this allows me to rebuild my very bad credit. I have allot of old medical bills on my report.
Sep 11, 2018
I applied for the discover it card with a score 523 i was approved for the card took about 2 weeks to rexieve it with in a week my credit score went 84 points 607 now two weeks later it went up another 11 points 618 i make my payments as soon it shows up on my discover app i love this card i strongly recommend that you get this card
Aug 24, 2018
I deposited $300 with a credit score of 589 and after 7 months I'm getting my deposit back and credit line increase to $2000 with credit score 622. Plus cash back and match for first year. Amazing card!
Aug 11, 2018
Just took my $200.00 out of my Bank so I am hoping like everyone says that in about 7 or 8 months I will get my 200.00 Back and unsecured card with a bigger limit. Good luck everyone and Thank you Discover!!
May 21, 2018
I applied for secured Discover card and was approved to my surprise. I started off with a embarrassing 461 credit score, I just gave up on credit but I needed a car and the car salesman told me I had the lowest score he ever seen. Now after getting educated on how credit works in a little over a month my credit score is 557 and rising. I know 557 credit is is still poor but now being smarter about credit im looking forward to a 685 credit score. Also have secure Cap 1 card and secure us bank card. keep your balance low and pay my bills on time just like i have been reading and my score is rising. Hope my story help someone.… show more
Apr 19, 2018
I have a 589 credit score and could not get a card anywhere, not even secured cards, but Discover approved me for this one. I'm so excited to begin rebuilding! Thank you Discover for giving me the chance :)
Apr 17, 2018
I got approved with a 562 credit score, took 2 weeks to get the card in the mail with a $200 deposit so i am hoping for the best. I will up my limit to $500 after the first statement comes per their rules. I Will do another review after a month of using it.
Sep 24, 2017
I truly love this card and highly recommend it . I\'m grateful and thankful that The Lord lead me to this card. First of all, I would like to mention that my credit score was a 520 prior to attaining this card. I got approved by no one!! Discover allowed me to put 200$ down as my credit limit. A pretty simple process. I would eat out/pay for gas with this card . I would try to keep my balance under 30% if I went over 30%, I would be sure to pay it off immediately. I\'ve always paid it off before the due date. That would be every two weeks that I got paid. I only had the account for 7 month\'s. Today being April 14,2018, I promise I was so shock and happy to see that I have graduated with a confirmation via email. My credit limit is now 1,800. I can only use 1,697 where my credit score is now a 704 and counting. Thanks to discover and me making earIy payments on my S8 caused my score to spike. I would like to encourage anyone who wants to re-build their credit to get a discover it secured card. You will not regret it!! I just pray that you have at least 1 of the fruit of spirit which is self control. But all in all, go for it and rejoice later. Hope this help because I hardly write reviews. This card is a must have!!!!… read more… read more… show more
Dec 14, 2017
I applied for this card in April 2017. I had absolutely no credit score and after applying the approved me with a $200 deposit. I made sure to always pay off my account balance and make sure that any balance that did show was under 10% usage. I always made my payments on time and made more then one payment per month so that my balance was never out of control (one payment per paycheck). Right before I officially made 7 months Discover raised my limit to $500 and returned my initial deposit back! It's been great! My credit score is now looking great and I'm very happy with the progress I've made with discover! I definitely recommend this card to anyone looking to start or repair their credit!… show more
Dec 02, 2017
Well for starters I’m rebuilding my credit and have gone from the 400’s to 605-635. I have a Wells Fargo Secured Credit Card that I have had for almost 2 years and it hasn’t done much for me. My fiancé decided to add me to his Capitol one quicksilver and it has helped me piggyback off his credit. I recently went crazy trying to apply for new credit and got turned down by everyone including Capitol one secured. So I decided to try Discover it....and to my surprise I was approved. I’m suppeerrrr excited as I have read excellent reviews.… show more
Nov 05, 2016
I applied and was approved for the Secured Discover IT card this past April (2016). It was the first credit card I applied for and my TU score was 524 (had three medical collections on my report along with a current three months old cosigned personal loan for $1000 from my local credit union). I laid down the minimum deposit of $200 and understood that after 12 months of on time payments, my account would be considered for an upgrade to unsecured. After two months, I called Discover customer service and added $100 bucks to increase my deposit/credit line to $300. I also applied and was approved for a Capital One unsecured Platinum card (limit of $300).
Well, two days ago, I made my sixth Discover payment and my account was bumped to UNSECURED along with a $200 credit line increase = $500 unsecured credit line a full six months early! For the past six months I've charged a cheese burger a month on the Discover and let the statement cut with a tiny $4 balance. I would pay that balance the next day - never paying any interest. My credit reports still reflect the medical collections and the current (now nine months old) personal loan, but with the addition of the Discover IT and Capital One, my current Fico is 649 and rising every month. I'm excited to see if I'll see a bump in my score next month due to this upgrade!… show more
Well, two days ago, I made my sixth Discover payment and my account was bumped to UNSECURED along with a $200 credit line increase = $500 unsecured credit line a full six months early! For the past six months I've charged a cheese burger a month on the Discover and let the statement cut with a tiny $4 balance. I would pay that balance the next day - never paying any interest. My credit reports still reflect the medical collections and the current (now nine months old) personal loan, but with the addition of the Discover IT and Capital One, my current Fico is 649 and rising every month. I'm excited to see if I'll see a bump in my score next month due to this upgrade!… show more
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Last updated on: July 17th, 2019 at 19:17
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WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers 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.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Jul 17th, 2019 at 19:17 ET