How do I get a secured Discover Card?
Here’s how it works
- Apply & provide a deposit. If approved, secure your line with an equal security deposit.
- Build your credit responsibly. Be sure to pay your bill on time.
- Convert to an unsecured card.
Is Discover secured card hard to get?
Discover it Secured was designed for building or rebuilding credit, which means you can get it despite being a newcomer or having a bad score. As long as you have at least $200 to put down for the mandatory security deposit, which serves as your credit line, your odds are very good.
Can you get a Discover card with bad credit?
The best credit card for bad credit is the Discover it® Secured card. The Discover it Secured card does require a $200+ security deposit. But all of the very best bad-credit credit cards require a deposit, and very few credit cards for people with poor credit scores offer both rewards and no annual fee.
How long does it take to get approved for a Discover secured card?
How long does it take to get a credit card when you’re instantly approved? If you are approved, the issuer typically delivers the card in 7-10 business days.
Can you be denied a secured credit card?
Being denied for a secured credit card can come as a surprise. After all, you’re putting down a security deposit to protect the card issuer in case you don’t make your payments. You may not get approved if you have a bankruptcy on your record, a history of missed payments or other red flags.
Can you get turned down for a secured credit card?
The most common reasons people are denied for a secured credit card include having a bankruptcy or tax lien on their credit report, not having enough income to meet their monthly obligations, and having an extremely low credit score.