Discover it® Secured

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.

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

So I'm giving this 4 stars because I applied a couple years ago when my credit was super low (around 500), and was denied. I decided to make a change in my life last year, moved away from people dragging me down, started paying my rent and utilities on time, boosted my score with a SelfLender loan, and raised my credit 55 points in 5 months. I tried again, and Discover It secured card has now approved me! I thought I would never be approved! But I will say I had been denied a few secured cards in the past. For those who think the default is just acceptance, that is NOT true. A secured card is STILL a credit card, and you can still be DENIED. Note, I have never had a bankruptcy so I don't know what exactly that affect is, but my credit definitely was terrible. For anyone looking to bump their score a bit I recommend SelfLender to start. I can't give 5 stars yet as I'm waiting on the card in the mail as we speak. After I've used it a few months and watched my credit for improvements, I'll update. Good luck on your financial journey.

says its for people to help rebuilding credit after bankruptcy, denies people with bankruptcy. why is this card even an option ? im not sure what else to say, just rambling on right now, so I can fulfill the 200 characters needed to submit a review, for a complete waist of my time.

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!!!

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

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.

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

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!

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...

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.

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!!

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

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

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.

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.

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

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.

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.

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!!!!!!!!

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.

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.

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.....

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.

i was declined. and this is a scured card wow. ......... .................. ............................................................................................................................................................................................................................................................ if no stars were available i would give it

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.

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

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!

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!!

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.

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 :)

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.

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

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!

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.

Love it no complaints as of right now

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!