I want to rebuild my credit, but I'm afraid of how much my credit scores will decrease after your hard inquiry. Is there an estimate?
It depends on what else you have on your report, but a single inquiry can't hurt more than 10-20 points.
Limited History, Bad Credit
$200
27.24% Variable
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.
No annual or monthly fees & No fees for account opening
Up to 2% cash back
First-year rewards doubled
Relatively low minimum deposit
High regular APR
cash advance fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
cash advance APR | 29.24% Variable |
foreign transaction fee | 0% |
smart chip | Yes, chip-and-signature |
max late fee | $41 |
max overlimit fee | See Terms |
max penalty APR | None |
No credit score required to apply.
No Annual Fee, earn cash back, and build your credit history.
Establish your credit line by providing a refundable security deposit of at least $200. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line. Bank information must be provided when submitting your deposit, and the security deposit equals your credit limit.
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 helps remove your personal information from select people-search websites. Activate by mobile app for free.
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 terms and conditions.
Can't find what you are 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.
It depends on what else you have on your report, but a single inquiry can't hurt more than 10-20 points.
You would have to wait for it to arrive in the mail.
No, you don't have to use your Discover it Secured Credit Card once you get it. However, if you don't use your card, it might get closed after some time, due to inactivity.
Keep in mind that before using your Discover it Secured Credit Card, you need to...
Yes, when you graduate to an unsecured card, your security deposit will be refunded, provided that you pay your balance in full. Best of luck!
Yes, the Discover it® Secured Credit Card will do a hard pull. You can apply for it with bad credit though.
You can prequalify for the Discover it Secured Credit Card on Discover's pre-qualification page, which will not affect your credit score as it will be a soft pull....
Certainly. You just have to register your online account.
You certainly can. While a bankruptcy is detrimental to your credit score, the Discover it Secured Card was designed specifically for people who are looking to rebuild their bad credit. The required security deposit will double as your credit limit. You will find some guidelines on how to rebuild your...
The Discover it Secured Credit Card minimum payment is $20, $15 plus past due amounts, or 3% of the statement balance plus past due amounts –– whichever is higher. If the statement balance is less than $20, the Discover it Secured Credit Card minimum payment will be equal to the...
The Discover it® Secured Credit Card categories for bonus rewards are gas stations and restaurants. Purchases that fall into the Discover it Secured Credit Card bonus categories get cardholders extra rewards compared to the card's base earning rate, up to a quarterly limit.
Whether a purchase falls into a...
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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.
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