The chance to upgrade to a regular credit card With a lot of secured cards, you'll need to close your account to get your deposit back. Not so with the Discover it® Secured Credit Card. After you’ve hel...
4.6 out of 5 Average of 2888 Reviews14 See how we calculate our ratings How the Discover it® Secured credit card works for you A secured credit card could help you build your credit history2 to make more things possible tomorrow. You provide a refundable security deposit when you apply...
TheDiscover it® Secured Credit Cardgives cardholders a clear path to upgrading to an unsecured card. Starting at seven months from account opening, Discover will automatically review your credit card account to see if they can transition you to an unsecured line of credit and return your depos...
2% Cash Back: Discover will pay 2% cash back on purchases made at gas stations or restaurants during the first 12 billing periods of card membership. Since this card has a standard 1% cash back rate otherwise, the extra 1% is considered a match from Discover. The match is capped at $1,...
Automatic account reviews: With the Discover it® Secured Credit Card, your account will be automatically reviewed for an upgrade to an unsecured card after seven months. This card also has rewards — 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each ...
Like most credit-building cards, the BankAmericard secured card doesn’t have a welcome bonus. If you’re looking for a welcome bonus, consider theDiscover it® Secured Credit Card. It’s one of the few secured cards that not only offers rewards, but also a valuable welcome offer: Disco...
While a secured card is a great way to build credit, it's not an ideal long-term option since you have to deposit money to receive a credit limit. The transition to an unsecured card varies by company. With theDiscover it® Secured Credit Card, for example, your account is automaticall...
Always do your research on a card before you apply. 4. Read the fine print on fees and security deposits Don’t get stuck with a secured credit card that doesn't have a policy on deposits or payment periods. You could be at a loss if you make a large security deposit and discover ...
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“graduate” to an unsecured account. Discover begins automatic reviews of your account starting at 7 months to see if they can transition you to an unsecured line of credit and return your deposit. TheCapital One Quicksilver Secured Cash Rewards Credit Cardis another example, though the card ...