Your Discover it® Secured may graduate to unsecured as soon as eight months after account opening, assuming you pay your monthly bills on time and otherwise manage your finances responsibly.
But there’s no guarantee when, or if, it will happen.
It all comes down to Discover’s determination of your creditworthiness.
Does discover secured card graduate?
Does Discover Secured graduate to unsecured credit card? Yes, you can graduate to an unsecured Discovered credit card. Discover will do automatic monthly reviews on your account after eight months for graduation to an unsecured credit card.
Does discover secured card give credit increases?
So if you deposited less than $2,500 at the start, adding to you security deposit will result in a credit limit increase. Specifically, your limit will increase by the amount you add. To deposit additional funds, you’ll need to log in to your Discover account or call Discover customer service at 1-800-347-2683.
What credit score is needed for Discover secured card?
Reasonable approval requirements.
But the Discover it Secured card is designed for people who are new to credit or looking to rebuild their credit, which Discover classifies as those with credit scores below 670. In other words, you should be able to get approved even if you have “bad” credit.
Does discover secured card do a hard pull?
WalletHub, Financial Company. Yes, every credit card application will result in a hard inquiry on your credit report. There is one exception to this rule: the OpenSky® Secured Visa®. The helpfulness of a financial advisor’s answer is not indicative of future advisor performance.