Accepted Credit Scores
Limited History, Bad Credit
Discover it® Secured Credit Card
Editor’s Take
John Kiernan, Credit Card Editor
December 1, 2021
Review: Discover it Secured Credit Card
The Discover it® Secured Credit Card is 2021’s best secured card because it has a $0 annual fee and gives good rewards on purchases (1% to 2% cash back). The Discover it Secured Credit Card is also worth it because it doubles the rewards cardholders earn the first year. Very few secured cards even offer rewards. The minimum deposit for Discover it Secured Credit Card – $200 – is on the low end for a secured credit card, too.
A secured credit card with rewards and no annual fee is almost unheard of. The one thing missing from the package is a low APR, but it’s best not to carry a balance from month to month with a secured card, anyway. So, the bottom line is that applying for the Discover it Secured Credit Card and paying your bill on time every month can be a great way to save money while building or rebuilding your credit. You can find more details about the offer below.
And all other purchases yield 1%, or roughly the market average, which is more than respectable for a secured card.
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.
Discover it Secured Credit Card does not have a minimum credit score requirement. People with damaged credit or no credit history are eligible for approval. Approval is not guaranteed, however. Discover will check your credit history when you apply, and certain negative records can hurt your chances.
Applicants must also have enough income to place a security deposit and make monthly bill payments. People who are worried about being rejected for Discover it Secured Credit Card may instead want to consider one of the few secured credit cards with no credit check required.
The Discover it Secured Credit Card’s benefits include a $0 annual fee, 1 - 2% Cash Back on purchases, double rewards the first year, and monthly credit-bureau reporting. Discover it Secured Credit Card reports to all three major credit bureaus on a monthly basis.
All of those things contribute to the most important Discover it Secured Credit Card benefit of all: the ability to improve your credit while also saving money. In addition, cardholders receive free SSN alerts and free credit scores.
The Discover it Secured Credit Card’s credit limit starts at $200. The limit equals the amount of the refundable security deposit that applicants are required to place after being approved for an account.
Applicants for the Discover it Secured Credit Card who do not receive an immediate decision can check their application status on Discover’s website. Just go to the status-check page, enter your Social Security number and zip code, and click the “Continue” button.
A secured credit card with rewards and no annual fee is almost unheard of. The one thing missing from the package is a low APR, but it’s best not to carry a balance from month to month with a secured card, anyway. So, the bottom line is that applying for the Discover it Secured Credit Card and paying your bill on time every month can be a great way to save money while building or rebuilding your credit. You can find more details about the offer below.
Discover it Secured Credit Card Review Highlights
No major fees
Discover it Secured Credit Card 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.Great first-year bonus
The thing that really puts the Discover it Secured Credit Card 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.One of the few secured cards with rewards
Only a few other secured credit cards offer rewards. Most of them 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.
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.$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 Credit Card’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 Credit 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.Learn More About the Discover it Secured Credit Card
Discover it Secured Credit Card Credit Score
Discover it Secured Credit Card does not have a minimum credit score requirement. People with damaged credit or no credit history are eligible for approval. Approval is not guaranteed, however. Discover will check your credit history when you apply, and certain negative records can hurt your chances.
Applicants must also have enough income to place a security deposit and make monthly bill payments. People who are worried about being rejected for Discover it Secured Credit Card may instead want to consider one of the few secured credit cards with no credit check required.
Discover it Secured Credit Card Benefits
The Discover it Secured Credit Card’s benefits include a $0 annual fee, 1 - 2% Cash Back on purchases, double rewards the first year, and monthly credit-bureau reporting. Discover it Secured Credit Card reports to all three major credit bureaus on a monthly basis.
All of those things contribute to the most important Discover it Secured Credit Card benefit of all: the ability to improve your credit while also saving money. In addition, cardholders receive free SSN alerts and free credit scores.
Discover it Secured Credit Card Credit Limit
The Discover it Secured Credit Card’s credit limit starts at $200. The limit equals the amount of the refundable security deposit that applicants are required to place after being approved for an account.
Discover it Secured Credit Card Status
Applicants for the Discover it Secured Credit Card who do not receive an immediate decision can check their application status on Discover’s website. Just go to the status-check page, enter your Social Security number and zip code, and click the “Continue” button.
This Discover it Secured Credit Card review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
December 1, 2021
Discover it Secured Credit Card's Rewards
- Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
- INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Discover it Secured Credit Card's Key APRs & Fees
| ONE-TIME FEES
|
|---|
| $0 |
| ANNUAL FEE
|
| $0 |
| MONTHLY FEE
|
| $0 |
| REGULAR RATE
|
|---|
| 22.99% Variable |
| GRACE PERIOD
|
| See Terms |
Discover it Secured Credit Card's Highlights
| No Annual Fee, earn cash back, and build your credit with responsible use. |
| Using your secured credit card helps build a credit history with the three major credit bureaus. Generally, prepaid and debit cards can’t do that. |
| Establish your credit line with your tax return by providing a refundable security deposit of at least $200. Bank information must be provided when submitting your deposit. |
| Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.* |
| Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically. |
| Discover is accepted nationwide by 99% of the places that take credit cards. |
| Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score. |
| INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match. |
| Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free. |
| Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information. |
Discover it Secured Credit Card's Additional Info
| MAX LATE FEE
|
$40 |
|---|---|
| MAX OVERLIMIT FEE
|
See Terms |
| MAX PENALTY APR
|
None |
| FOREIGN TRANSACTION FEE
|
0% |
| SMART CHIP
|
Yes, chip-and-signature |
-
CASH ADVANCE APR
24.99% Variable
-
CASH ADVANCE FEE
Either $10 or 5% of the amount of each cash advance, whichever is greater
- Last updated on 12/1/2021
at Discover's secure site
Editor's Pick
Discover it Secured Credit Card is an Editor's Pick for:
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about Discover it® Secured Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
What are my Discover it Secured Credit Card approval odds? Reply 25votes22votes
WalletHub
@WalletHub
Your Discover it Secured Credit Card approval odds are good, even with bad credit. The Discover it Secured Credit Card 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 good. But nothing is guaranteed. You can estimate your approval odds 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 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.
25
Upvotes
Why was I denied for the Discover it Secured card? Reply 2votes1votes
Mark Towers
@MarkTowers
You may be denied for the Discover it Secured card based on your credit history and the information entered on your application. Common reasons could be pending bankruptcies, tax liens or a high level debt in relation to your income. Discover it Secured requires a security deposit to open the account, so your application would be denied if you don’t put up a deposit of at least the $200 minimum.
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Upvotes
Does the Discover Secured Card give credit increases? Reply 34votes16votes
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 it Secured Credit 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 it Secured Credit Card credit limit increase:
1. Add to Your Deposit – Discover it Secured Credit Card’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 7 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.
34
Upvotes
When will the Discover it Secured Credit Card graduate to unsecured? Reply 32votes18votes
WalletHub
@WalletHub
Your Discover it® Secured Credit Card may graduate to unsecured as soon as seven 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 it Secured Credit 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 Credit Card 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 Discover it Secured Credit 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.
32
Upvotes
Which card is better, Discover it Secured or Capital One Secured? Reply 6votesvotes
Benny Joseph
@Benjy_1
Choosing between the Discover it Secured Credit Card and the Capital One Platinum Secured Credit Card ultimately comes down to whether your needs are focused on rewards or potentially getting slightly more bang for your buck with a credit line that can exceed your security deposit.
If you need rewards, the Discover it Secured Credit Card comes out on top, as cardholders earn 2% cash back at gas stations and restaurants (up to $1,000 spent each quarter combined), and 1% back on all other purchases.
Capital One Platinum Secured has no rewards, but comes with the potential of being partially secured. Which means that your credit line may exceed the amount of your refundable deposit. If approved, you will be required to place a minimum deposit of $49, $99 or $200 (based on the specifics of your credit) in exchange for a $200 credit limit.
With this said, both cards benefit from $0 annual fees and $0 foreign transaction fees, so you can't go wrong with any of these. It’s worth noting that Capital One Platinum Secured belongs to the Mastercard network. So in terms of acceptance, Capital One Platinum Secured benefits from a wider worldwide reach, than a Discover card. But domestically, you should be fine either way. And both cards are open to applicants with bad credit, so they’re equally good for establishing or rebuilding credit. Just make sure you pay your bill on time each month, minimize unnecessary debt, and maintain a low credit utilization and the results will start showing.
For a more comprehensive look at both the Discover it Secured Credit Card and the Capital One Platinum Secured, feel free to check out WalletHub’s comparison page.
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Upvotes
What will my Discover it Secured credit limit be? Reply 6votes3votes
Scott Meister
@scott_meister
For Discover it Secured, and most other secured cards, your limit is the same as the amount you deposit. So if you put down $200, then that's what you'll be able to spend.
That's why secured cards are easier to get: there's almost no risk to the lender itself, because they have your deposited money as collateral.
6
Upvotes
What's the Discover it Secured Credit Card phone number? Reply 4votesvotes
WalletHub
@WalletHub
The Discover it Secured Credit Card phone number is 1 (800) 347-3085. This is the general customer service number for all Discover credit cards. Live customer service representatives are available to answer account-related questions 24 hours a day, 7 days a week. For calls from outside the U.S., the Discover it Secured Credit Card number is 1 (801) 902-3100.
When you call, a U.S.-based customer service representative will route your call to a department specific to your account issue. You can also contact Discover it Secured Credit Card customer service via live chat, secure message, or regular mail. Visit the Discover Help Center for a complete list of contact information.
4
Upvotes
Does Discover secured card report to all 3 credit bureaus? Reply 9votes3votes
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.
9
Upvotes
When do I get my Discover it Secured Credit Card deposit back? Reply 8votes6votes
WalletHub
@WalletHub
You will get your Discover it Secured Credit Card deposit back before closing your account, once you pay your balance in full. You should receive your deposit refund within two billing cycles plus 10 days of doing so. Any unpaid balance will be subtracted from your security deposit refund.
There’s a possibility you will get your Discover it Secured Credit Card deposit back while your account is still open, if you use the card responsibly. After the first 7 months of account activity, Discover will review your account on a monthly basis to determine if you’re eligible for a refund.
8
Upvotes
How can I check my Discover it Secured Credit Card status? Reply 19votes6votes
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 it 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 Credit Card. 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
Discover it Secured Credit Card Reviews
Share your insights and review the Discover it® Secured Credit Card.
Nov 21, 2021
I was rejected for this secured card. I called to ask for reconsideration, and was told that they don’t reconsider, so, I don’t know where that myth came from that is so often repeated here. What a blow. Of course, out of the three credit bureaus, they checked the one with the lowest score, which was Experian. So when can I reapply?
Comment
Sep 06, 2021
Verified Customer
I love this card, I have had no issues as the app is easy to use and they graduated my card in less than a year. Would definitely recommend!
Sep 04, 2021
Verified Customer
It’s a great starter card. Easy approval. Deposit accepted quickly. Ships out quick. Some minor rewards which are rare for a starter card. Now let’s see what they say when I have completed 8 months.
Jul 13, 2021
I would give this company zero stars if I could. I made a purchase of $1,128.30, but then the amount was credited back as $1,098.30 (minus a cancelation fee) from the retailer to Discover. The credit has never been applied to my account even though the credit was processed 51 days ago. I have called numerous times for over a month and have been given the run around from Discover Card. They have either told me they were researching it and someone would call me back, but then I would never get a call back and would have to start all over. Or I would be passed around to several associates until someone would finally tell me they could not help me. I have received proof from the vendor that the amount was returned, but still have not received the funds credited to my account, not to mention Discover is continuing to charge me interest on the purchase. After dealing with 25 associates for over a month, I found that while most of them were polite/pleasant, none of them were actually helpful. Also, a couple of them were extremely rude. I would never recommend this card to anyone.… show more
11/03/21
its called filing a compliant to the federal trade commsion and to anything that will help with this
09/11/21
Are you having a very low FICO score, and are desperate for a perfect and urgent fix? I confidently recommend CYBER CREDIT GURU. They cleared all negatives, late payments and collections from my credit report and boosted my FICO score from 505 to 800 excellent score, across all three bureaus within four days. CYBER CREDIT GURU does a very neat and perfect job without leaving any form of trace behind. You can give them a trial today and I bet you will never regret it. Contact: CYBERCREDITGURU (AT) GMAIL DOT COM or phone/text: +1 (650) 239 7249… show more
May 27, 2021
Verified Customer
I love my card. I started with a secured card of only $200. I made sure I made all my payments on time or before. After 12 months I went unsecured with a limit of $1000. My credit score went from 530 to now 635.
May 03, 2021
Verified Customer
Increased and promoted to unsecured card within 6 months. I like this much better than capital one.... get this card if you're building
Apr 23, 2021
They gave me an opportunity when others didn’t, thank you so much this is why I promote Capital One to everyone I know, my immediate family all have one.
Apr 17, 2021
Verified Customer
Awesome company to work with !!! They do what they say they will do when they say they will it has helped me build my credit over the last year highly recommended
Apr 14, 2021
Verified Customer
Awesome card!!!! My credit was 585 and I applied for a secured card and put 800 dollars on it. They send me the card and one day after I activate my score went up to 60 points !!!! I love this card!!!! Now I’ll be using just 10-15% so my credit gets better faster!!! Sorry for my English writing hahaha I hope you understand :-/ :-))
Apr 05, 2021
Verified Customer
Really nice customer service and quality card services. I was able to increase my credit after about 6 months and I went from a $400 limit to a $1500 dollar limit.
Mar 18, 2021
Great rewards,no annual fee switch from secured to unsecured by my 8th month with a credit increase and returned my deposit back, pretty great credit card to have.
Mar 15, 2021
Verified Customer
OK card. Took 3 years to graduate. Relatively low limit compared to my other cards. Cashback bonus is nice though and the card design options are good. Overall, would recommend if you are building credit.
Mar 06, 2021
Verified Customer
Great starter card for someone who had no credit history. Also, i quickly received my security deposit after only a few months of having the card open.
Feb 24, 2021
Verified Customer
After a year, discover upgraded my secured card to unsecured, returned my deposit, and increased my limit from 500 to 1,000. They delivered on their promise because I was able to responsibly use the card.
Feb 21, 2021
Verified Customer
I was not expecting a hard credit inquiry since it is a secured credit card. I was applying to help my credit but the hard credit inquiry nicked my credit instead of boosting it. Not what I expected. The offer seemed too good to be true and apparently was.
Jan 08, 2021
Verified Customer
Excellent card to help rebuild credit. I did a $2500 secured card. It's been 8 months. I've made each payment on time. Started with a Transunion score of 586 and its now 693. Also just received an email that my full security deposit is being returned within 5-7 days.
Jan 08, 2021
Had the card for just under 8 months, got an email last night congratulating me on the refund of my deposit. I’ve always kept my balances under 15% and paid on time. Very simple process. Thank you Discover for helping me.
Dec 13, 2020
Verified Customer
Discover It Secured Card sucks! I’ve had it for about 18 months now. Never missed a payment. Called several times about how and when my credit limit is increased, and customer service always says the same...it’s an automatic review process as long as you keep your card under 30% and make payments on time...blah blah blah! I’ve been doing that. I’ve been at a zero balance, with usage on the card for about 8 months now. Still....nothing. No security deposit back and no increase on my limit, no graduation to unsecured. Don’t waste your time time if you’re trying to work on your credit. Go with CAPITAL ONE. Meanwhile, Discover is making all this interest on your security deposit.… show more
Dec 05, 2020
It's so ironic that after almost every 1 star review there is a 5 star review. That is totally bogus. Credit increasing over 100 points? This is a ridiculous claim. Not to mention all the other claims that seem "too good to be true" and you know what they say about that! They (the reps from Discover It) need to stop their nonsense by inflating these reviews! In this day and age, people aren't as gullible as they think we are. In reality their rating, in my opinion, is MAYBE .75 out of 5. Not worth the risk! BUYER BEWARE!!!!!… show more
07/05/21
You sound like a sorehead. Whats wrong they didn't approve you or increase your limit like you want. I don't work for Discover and I don't usually review anything unless I received either great/poor service. Discover has been a good credit card for me I never have had any problems with them and now all I need is an American Express and then I will always have one of each major credit card.
Nov 13, 2020
I love my Discover it card for the most part. I started off with a low limit of $300 and everything was great. After my first year I decided to increase my limit a few months before going on a family vacation so I called customer service and had them increase it to $1k. So easy! One issue I’ve had is having to wait 10 business days after making large payments to get the available
08/30/21
Why is this almost word for word the same as Rkasmerski04 review that was posted on Feb 14 2020? Lol
Nov 12, 2020
First off the card is easy to get and yes you choose your amount so what ever you feel is good on your budget. Then you choose not them, as for the credit I've had it only 3 weeks, no change to my credit so will see how it reflects. I have 2 other cards 1 being a secured and when I got my 1st secured card my credit shot up the same day when approved like 45 points, not discover. So in looking at all the reviews I know there's been so many lies, no one's credit will shoot up as you see on these reviews, there's a bunch of lies let's keep it real people, my credit is fair and building but no need for me to lie about it so if you see a review stating it jumped up 75 to 150 is ridiculous real talk. Don't be fooled by paid reviews… show more
Oct 13, 2020
The worst secured card I have had. Been with them for almost 3 years and have not received a response on getting my secured deposit back and no answer. Also if you file a dispute they tend to side with the merchant. Don't get it Capital One is better as well as most credit unions and local banks
Oct 13, 2020
This is the worst business practice that I have seen in 15 years. So…. Discover it card approved my application and took my money all in about 5 minutes. Then I received an email stating that they needed to review my IRS taxes for the past few years. Until this review was performed I could use my card but I would have to return the money if I did not pass the review. At that time I told the representative to cancel the card because I didn’t want the IRS all in my affairs. They transferred me to another representative that stated they would NOT be asking for-- or looking at-- my financial information and that they were only doing an address verification. The next email I received stated that I did not pass the tax review. I spoke to another rep that said sorry for the mixed communication but we do review the taxes for financial information. However, I can’t tell you what criteria was used. You are welcome to apply again at anytime but this case could not be escalated. So I asked when do I get my $500 back? She said 2-3 months. WHAT!!!!!! This is a sham. Discover should not be taking money until one is 100% approved for the card. Then they should not be holding money for months. This should be illegal as it is unethical and a highway robbery.… show more
Sep 19, 2020
Discover secured helps to rebuild credit
Without having to spend large amounts of money all at once. You also have a much greater chance of getting approval with that particular card. The rates are low and there are no hidden fees
Without having to spend large amounts of money all at once. You also have a much greater chance of getting approval with that particular card. The rates are low and there are no hidden fees
Sep 18, 2020
PLEASE READ before you pay DIscover for your deposit!!
We have had nothing but problems with this Discover since my husband and I were approved. My husband and I applied for a card at the same time. My husband received his card in the mail, after paying the $200 deposit, but Discover would not activate his card "due to security verification issues" and cancelled the account and said 2-3 billing cycles to receive the $200 deposit back (we have not received that three months later). I was able to use my card for two months until I received an email yesterday from Discover saying that MY card was cancelled "due to security verification problems". I don't even have a speeding ticket and there was no attempt by Discover to reach out to me to verify anything. I called Discover and they would not tell me why my card and account were cancelled due to "security issues". I have not come close to my limit, paid my bill early for the only two months I had it, my credit score was going up and I have no identity theft issues. I now have to wait 2-3 months to get my $200 deposit back. That is a total of $400 of ours that Discover accepted and is holding on to while my credit score takes a hit from a closed account. Stay away, I've never had any other issues with credit cards/secured credit cards like this.… show more
We have had nothing but problems with this Discover since my husband and I were approved. My husband and I applied for a card at the same time. My husband received his card in the mail, after paying the $200 deposit, but Discover would not activate his card "due to security verification issues" and cancelled the account and said 2-3 billing cycles to receive the $200 deposit back (we have not received that three months later). I was able to use my card for two months until I received an email yesterday from Discover saying that MY card was cancelled "due to security verification problems". I don't even have a speeding ticket and there was no attempt by Discover to reach out to me to verify anything. I called Discover and they would not tell me why my card and account were cancelled due to "security issues". I have not come close to my limit, paid my bill early for the only two months I had it, my credit score was going up and I have no identity theft issues. I now have to wait 2-3 months to get my $200 deposit back. That is a total of $400 of ours that Discover accepted and is holding on to while my credit score takes a hit from a closed account. Stay away, I've never had any other issues with credit cards/secured credit cards like this.… show more
Sep 08, 2020
I like the fact that I already have a Discovery account I will be able to make easier money transfer between account and a better manageability, I also like the fact that Discovery is one of the best online Banking institution available.
Aug 18, 2020
Have had this card for 3 years with a 1000 credit limit. Have been asking how I could get my card unsecured and they kept telling me to continue to keep balance lower than 30 percent...ok what else? They couldnt tell me why i havent graduated yet, almost lkme its a big secret. My credit score is 701. I applied for wells fargo credit card and was approved for 9000 but discover wont give me a credit line? Wow i canceled that card and now i have to wait the 2 billing cycles plus 10 days for my deposit back... thanks discover for the false hope.… show more
09/17/20
I am having the same issue been with them for 4 years never missed a payment. Maybe it’s because we both deposited $1000 to start with. Look like most people get unsecured if they have lower balances
Jul 29, 2020
Verified Customer
I applied for this card about 2 weeks ago on July 11. I made a deposit of $2500 so my line would be $2500. I received the card on 7/25. Both my Trans union and equifax scores were 559 when I applied for this card. I activated the card on the same day that I received it. The very next day, on 7/26, I received an alert on credit karma and when I checked, I kid you not guys, my equifax went up 103 points! The very next day, on 7/27, I received another alert on credit karma and checked, my Transunion score also went up by 103 points. I wish I could attach pictures so you guys would see the dates and changes. Both my scores are now 662 and that was only for activating the new line! I didn't even start using the card yet. I will update in a few months! I am over the moon guys as I'm trying to fix my credit to buy a house next year. I can only see it going up higher from here on. It took me from the poor credit bracket to the fair credit bracket in 2 days and I haven't even started using it yet! I am so excited and so glad that I went with discover. I'm not saying that your score will go up by that many points as we don't all have the same history with our credit but it's worth a try guys! Try it!!! And no I'm not paid for this review. I really wish I could attach pictures as proof for you guys to see.… show more
09/28/21
It takes at least 30 days for the credit card issuer to report to the credit bureaus after they send you the card. How can they report your payments etc if you've only had the card 1 day? Answer: they cannot. As you said, you hadn't even used the card yet. So the jump in your credit score was likely due to a collections or BK falling off. In any case, congrats on your improved credit score. I once had a 93 point increase in one week just by paying off all my credit cards, so yes, big jumps can happen. Just not when you have a new card in less than a month.… show more
Jul 21, 2020
I had a 520 FICO when I applied. Was approved and added $200 deposit for my credit limit. I paid my card off or kept my credit utilization under 8% monthly. I made sure I paid the bill at the closing date, NOT the due date! I never paid interest on card and after EXACTLY 8 months they refunded my deposit and increased credit limit to $1,800! HIGHLY RECOMMEND DISCOVER!
Jul 04, 2020
Literally just got this card after a couple weeks they sat on my application. However they also have a bank account at this company with my name and over $5K in deposits. Ok so I get the card after a wait of some time longer than my checking debit card. No problem and no questions from them about any additional paperwork. Now the IT card comes and it says to activate so I do that. I am thinking I finally got a break and have some funds to invest in rebuilding and now I am going to start my journey today buying basic needs with the card and paying off the small balance in full each month. NOPE! NOT HAPPENING! I activate the card and stop at the convenience store for a drink and my card is declined. I told the clerk I just activated it so maybe the system is lagged. I pay with the regular discover debit. Ok then I finish my errands and grocery shopping and get them on the phone. "Oh well I see you tried to use your card at X convenience store today. There is a fraud alert on your account." WHAT? The card is less than one day old. So then I get transferred to another rep and then another rep. Oh now my phone number when looked up does not come back with my name so therefore I am flagged for fraud. Also I have to get a notarized statement and send to them until I can use a card that I just secured for $2K without them having any problem taking my securitization deposit. DONE and DONE!!! This company is a consumer craphole and managed by a bunch of most likely brain damaged ditzes. I am securing other credit for $2K so when I close this my overall credit line does not go down despite the closing of account. Oh they did me a big favor by extending the time I can send in the notarization they need instead of just asking me to send a copy of my DL and SS card. IDIOTS!… show more
Jul 02, 2020
Verified Customer
I got this card after my chapter 13 discharge. Put down $200 and bought a couple burgers each month and paid back fully each month. In the meantime I took a $300 1 year secured loan at my C.U., waited 3 months and got a $400 secured card from same C.U. After 7 months Discover refunded the $200 and switched me to a $1,500 unsecured card. My score went from 545-636 in 7 months. A McDonald's employee took phone snapshots of my card and went on a shopping spree. Discover ruled in my favor and I got the purchases reversed. Very happy with this card.… show more
Jun 20, 2020
Verified Customer
I've had my Discover It Card for 4 years and have made timely payments, and have maintained responsible use off all credit cards and it has not graduated to unsecured. I was also able to obtain credit cards with higher limits from other credit card companies.
07/05/21
I know who you are because I recognize your email address. You need to update this comment because I know you have been graduated.
Jun 06, 2020
I was so surprised that my score went up 112 points just for getting the card, and I haven't even used it yet. Looking forward to improving even more from here. (It did take a couple of weeks for it to arrive after I was approved). The process was all online, super fast and easy.
May 16, 2020
I was denied a credit card, I have a discharged bankruptcy but kept my car and never misses payment in 3 years also I have a unsecured credit card with a 28% balance which I never have been late or missed payment and a 600 credit score, I don't understand why I was declined when all over the internet it said Discover card is the best to re-establish credit after bankruptcy? The only plus to this was they ran a soft inquiry so it dint affect my credit score.… show more
Feb 14, 2020
I love my Discover it card for the most part. I started off with a low limit of $300 and everything was great. After my first year I decided to increase my limit a few months before going on a family vacation so I called customer service and had them increase it to $1k. So easy! One issue I’ve had is having to wait 10 business days after making large payments to get the available credit. Only happens when I decide to pay the card off in full 3-5 days before my due date. But if you call in they’ll call your bank to verify the payment has went thru and they’ll “release” your available credit. They also keep telling me that they’ll eventually switch me to a unsecured card and that they review my account monthly but I’ve had my card for over two years, no late payments and if I do charge to my max limit (only did that 3 times on large purchases) I either pay it off completely or below 8% utilization many days before the due date. All in all a great card and company. Just get rid of the 10 day thing!… show more
07/02/20
Ok it takes one third of a month to be able to use the credit line you secured because ........ ???? That line of credit should be released as soon as the check clears that you paid off that amount of the balance you were carrying. All the more reason for me to leave Discover if they take ten days to post a payment. Thanks for the input.
Jan 16, 2020
They automatically transferred me to a credit card with a $2500 limit after 7 months. I never had to ask them!
Website is great and the one time I had to call them someone in the US answered and solved my question.
Website is great and the one time I had to call them someone in the US answered and solved my question.
Dec 10, 2019
Verified Customer
I used to have Discover card with limit of $1250 which was charged off and closed due to financial setbacks in the past but early this year in 2019, I called and settled the account. Since I have settled the account, can I still get approved for any discover card or the discover IT secured. My score now is around 630. I really love discover and wanna be a part of them again but don't know if they will give me another chance.… show more
Nov 05, 2019
Verified Customer
I applied for a Discover It credit card a few days ago. I called them today to find out what was going on with my application and they approved me. I am so excited about getting started with them on the journey to better credit. Hope the eight months go fast so I can see if they do what they say and get a higher credit line.
08/08/20
Discover does do what they say. I was pleasantly surprised when I went to pay my bill discover at increased my credit line to 1500.00. Pretty good considering I only deposited 200.00 in my secured card account. Loving being a Discover customer.
Oct 02, 2019
This card was started to help my credit. I did a $300 deposit and used it for about 8 months. Paid the total balance off each month and was automatically changed from secured to unsecured, refunded my deposit and increased my credit line to $1800. My credit has improved about 40 points and i have almost $30 in cash back rewards. I cant see a reason as to why you wouldnt use this card! I read through reviews of all the secured cards before choosing Discover and I am very glad I did.… show more
Sep 27, 2019
Verified Customer
Worst experience ,Applied for this card got approved made my deposit ..Received email stating my deposit was received should receive my card ten day after sept 18..Next day get a phone call from Discover that that I need to get a 4508-t ok I explained to the that due to a illness I was out of work for a few years and just start to work again was told then they will not open the account and they was unwilling to receive any other proof of income..Now next day I receive a letter at my old address from who else But Discover asking me to call in ,only to be told they never sent a letter ..two days letter I receive a Discover card in the mail ,But no active account ..Why need a tax form for a secured card simply ridiculous… show more
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Ask the Experts
To help people learn more about the Discover it Secured Credit Card, WalletHub posed the following questions to a panel of experts. You can see who they are and what advice they had to share below.
- Why do you think it’s uncommon for credit cards for people with bad credit to offer good rewards?
- What should people look for in a credit card if building credit is their main objective?
- What do you think is the biggest misconception that people have about secured credit cards?
- Does it ever make sense to carry a balance from month to month on a secured credit card like Discover it Secured Credit Card?
Vicki L. Baker
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 the issuer’s responsibility to ensure all posts and/or questions are answered.
Last updated on: Dec 1st, 2021 at 07:49 ET
Editor's Pick
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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 the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Dec 1st, 2021 at 07:49 ET