The Discover it Secured credit card is ideal for those looking to create or restore their credit history. To apply for the card, you need to make a refundable deposit that sets your initial credit limit.
If you are looking for a credit card that allows you to build your credit history while enjoying rewards, the Discover it Secured is the right choice.
In addition to strengthening your financial credibility, you will have access to several benefits that meet your needs. Learn more about the Discover it Secured and all the advantages it offers.
Understand How a Secured Card Works
The Discover it Secured credit card offers a simple and efficient way to build and strengthen your credit history.
To apply for the card, you need to make a refundable deposit starting at $200, which determines your initial credit limit.
With the card, you can make purchases like any other credit card and must pay the monthly bill on time to avoid interest.
The card offers 2% cashback at gas stations and restaurants and 1% on all other purchases, providing additional advantages for cardholders.
To monitor your progress, the Discover it Secured provides free access to your FICO Score and credit monitoring tools.
After 8 months of timely payments, cardholders can request a refund of the deposit.
Discover reviews the credit history and, in some cases, may increase the credit limit without the need for a new deposit.
This system rewards financial responsibility and encourages users to continue building a solid credit reputation. In simple terms, the card works like this: you apply, get approved, make the security deposit, and start using your credit. By paying the bills, you have the limit released for new purchases.
Know the Requirements to Apply
Here are the criteria needed 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.
- Have a valid Social Security number.
- Have a regular source of income.
- Have a Discover account.
- Make the security deposit to establish the credit limit on your card. These are simple requirements that will ensure the approval of your card. Remember that the credit history is not checked for release.
What Are the 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 who want to make the most of the card and save money.
It is essential to understand how the card’s cashback system works and the advantages it offers. Here are the details of each reward offered by the Discover it Secured:
1% Cashback
Enjoy 1% cashback on all your purchases, with no limits. This means you will get money back on every purchase, from essentials like groceries to gas and clothing expenses.
Every purchase made anywhere will result in cashback for you, which can be redeemed for various benefits. In other words, an advantage you have when shopping that will make 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 purchase limit each quarter.
This advantage is automatic and offers an excellent way to save money on essential expenses.
It is important to note that this 2% cashback benefit applies only to establishments partnered with the bank. With this, you have even more ease and money back on your purchases.
Cashback
The cashback you accumulate 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.
Learn About the Security Features Offered
In addition to rewards, the Discover it Secured Card offers additional security features and measures to ensure peace of mind for its users.
You have free access to your FICO Score and use credit monitoring tools to track your financial progress.
Additionally, you will receive free alerts about any changes to your credit report, keeping you informed in real-time.
You also have secure online shopping, with Discover offering fraud and identity theft protection, ensuring the integrity of your online transactions.
Learn How to Apply for the Discover it Secured Credit Card
See how simple it is to apply for 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 information.
- Then, provide the requested personal information.
- Provide documentation and details about your income.
- After filling out and agreeing to all terms, submit your application to the bank.
Done! Now, wait for approval and receive your Discover it Secured to start making your purchases.
Don’t forget to make the security deposit to establish your credit limit and use your card as you wish.
Did you like learning about this credit card option? Apply now for your Discover it Secured Credit Card and enjoy the benefits. And see other credit card tips on our website.
Contact Discover at 1-800-347-2683.
Review produced in June/2024. Information about the card may change, check the official website before applying.
