Can I use my Discover Secured credit card instantly after getting approved?
You can't use your Discover secured credit card right away after getting approved. You'll have to wait for it to get to you, in about two weeks.
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.
You can't use your Discover secured credit card right away after getting approved. You'll have to wait for it to get to you, in about two weeks.
Yep, you should be able to use the card in those locations. Also, with no FTF's, you'll be all set.
Unfortunately there is no way to tell exactly how much of an improvement there will be, since there are many factors that affect your credit score, such as your payment history, credit utilization and hard inquiries.
That's why we advise signing up for an account with WalletHub - the...
Yes, this is a secured card so everyone who applies for this card has to put down a security deposit.
Yes. All payment history will be reported to the bureaus, so if you pay it on time, your score should go up.
A secured card is still a credit card, they both get reported the same way, and both will improve your credit score.
As long as you don't have a pending bankruptcy, you should have good chances to get approved.
Nope, maximum is $2,500.
You cannot get the Discover it Secured card with a co-signer.
You can, however, become an authorized user on someone else's account. This way you won't be held responsible for paying the bills, but can build your credit.
Yeah, you have a shot at getting approved. Just remember you have to pay that security deposit!
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