Discover it Secured credit card full review
The Discover It Secured credit card is one of the best cards for those who need to rebuild their credit history. Check out our full review of this great secured card!
by Victória Lourenço
Discover it Secured credit card
The Discover it Secured credit card focuses on those who need to rebuild their financial lives and credit history. Usually, this type of card does not have any bonuses or rewards, but this card does! You can get 2% cashback for spendings made at restaurants and gas stations, and some more rewards. There is even the welcome offer, where Discover is going to automatically match all of the cash back earned by you at the end of the first year of account opening.
As this is definitely a different secured card, it shows you information about how long until you are eligible to get a regular unsecured card. And it also gives payment reports to the 3 major credit bureaus. If you want to learn more about this great secured credit card, just keep reading our full review!
How does the Discover it Secured credit card work?
After getting the card, cardholders need to make a security deposit that will be the amount of their credit limit. And they can get cashback for their qualifying spendings. As a cardholder, you can 2% cash back after spending $1,000 every quarter on gas stations and restaurants.
Discover it Secured Credit card benefits
- 0$ annual fee.
- The credit card company sends payment reports to all the three major credit bureaus.
- The card offers rewards even though it has no annual fee.
- The card has a relatively high variable APR.
- You need to make a deposit to get the card.
Should you get a Discover it Secured?
If you can pay for the relatively high variable APR and need to rebuild your credit, then you should get this card. Many cards are made for people with bad credit, but this Discover It card can be the one with benefits that are similar to the perks of regular cards. So, if you do not have a very high credit score and need to fix your situation, this can be a great option for you!
How good does your credit score need to be?
You do not need a high credit score to get this credit card. The credit card company accepts all kinds of credit, from poor to good. That is, from about 300 to 629 points.
How to apply for a Discover it Secured credit card?
It can be very easy to apply for this Discover It credit card. Do you want to know how to apply for this great secured card that has many unique benefits? Then check out our post below with great information about the application process.
Do you have a low credit score and need a credit card? The Discover It Secured can be a great fit for you! Read more to know how to apply!
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