Discover it Secured Credit Card: Check benefits and how to get yours
The Discover it Secured card is ideal for individuals starting to build or recover their credit history.
To apply, you need to make a refundable deposit that determines your initial credit limit.
If you’re looking for a credit card that helps build your credit history while offering rewards, Discover it Secured is the ideal choice.
In addition to improving your financial health, you’ll have access to various benefits tailored to your needs. Explore more about the Discover it Secured card and discover all the advantages it offers.
Secured card: Know how it works
The Discover it Secured credit card offers a straightforward and effective way to establish and strengthen your credit history. To apply for the card, you need to make a refundable deposit starting at $200, which defines the initial credit limit.
With this card, you can make purchases as you would with any other credit card and must pay the monthly bill on time to avoid interest.
Additionally, the card offers 2% cashback at gas stations and restaurants, and 1% on all other purchases, providing additional benefits to cardholders.
To track your progress, Discover it Secured offers free access to your FICO Score and credit monitoring tools. After 8 months of timely payments, cardholders can request the return of the deposit.
Discover reviews the credit history and may, in some cases, increase the credit limit without requiring a new deposit.
This system rewards financial responsibility and encourages users to continue building a solid credit reputation.
Thus, the process is simple: application, approval, security deposit, and use of available credit. By paying bills on time, your limit is released for new purchases.
Key benefits of the card
The Discover it Secured credit card offers a wide range of rewards for its customers, making it an ideal choice for those looking to maximize card usage and save money.
Understanding how the card’s cashback system works and the benefits it provides is crucial. Here are the details of each reward offered by Discover it Secured:
1% cashback
Enjoy 1% cashback on all your purchases, without limits. This means you’ll get money back on every purchase, from essentials like groceries to expenses like gasoline and clothing.
Every purchase made anywhere results in cashback for you, which can be used in various ways. Thus, it’s an extra advantage every time you shop and makes a difference in your balance at the end of the month.
2% cashback
Get 2% cashback at gas stations and restaurants, with a $1,000 combined quarterly purchase limit. This benefit is automatic and offers an excellent way to save money on essential expenses.
It’s important to note that this 2% cashback benefit applies only to bank partner establishments. With this, you have even more facilities and cashback on your purchases.
Cashback
Accumulated cashback is credited directly to your Discover account and can be used for various purposes.
You can use it to pay your credit card bill, deposit it into your checking or savings account, send it as a gift to friends or family, or even purchase gift cards.
Thus, you receive this money as credit and can use it as you prefer, ensuring even more savings and benefits for you.
What are the requirements for application?
Here are the essential criteria to be eligible for approval of your Discover It Secured card:
- Be at least 18 years old.
- Have a residential address in the United States.
- Possess a valid Social Security number.
- Have a regular source of income.
- Have no ongoing bankruptcy filings.
- Have no serious delinquency records in your credit history.
- Be a Discover customer.
- Make the security deposit to establish the credit limit on your card. These are simple requirements that ensure approval of your card, with the important note that credit history is not checked for release.
Discover how to request yours
Discover how simple it is to request your Discover it Secured Credit Card: Visit the official Discover it Secured Credit Card website.
- Choose the “Apply Now” option.
- Fill in the fields with your address details.
- Provide the requested personal information.
- Include documentation and details about your income.
- After filling out and agreeing to all terms, submit your proposal to the bank.
Done! Now, wait for approval and receive your Discover it Secured card to start making your purchases.
Don’t forget to make the security deposit to establish your credit limit and enjoy all the benefits of your new card.
Liked learning about this credit card option? Apply for your Discover it Secured Credit Card right now and enjoy all its advantages. Explore other card options available on our website too.
Contact Discover at 1-800-347-2683.
Review produced in June/2024.
Please note: card details and information may change at any time. Therefore, check the official website before applying.