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Discover it Secured Credit Card
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Community Rating | Strongly recommended |
Purchase APR (Variable APR) | 22.99% |
Balance Transfer APR (Variable APR) | 22.99% |
Credit Score Range | 300 - 700 |
Annual Fee | $0 |
Number of Reviews | 8 |
Discover it Secured Credit Card Review
This is a secured credit card cashback card issued by Discover Bank. If you're wondering whether Discover It card is the right card for you, read on.
Key Takeaways
- High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 22.99%
- No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
- 5% Balance transfer fee. Discover it Secured Credit Card charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees.
- Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
- Gas rewards. 2% cashback on eligible fuel purchases.
- Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have relatively good approval odds.
Pros & Cons of Discover It card
The Good | The Bad |
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Discover It card FAQ
Does Discover It card have a cash back or rewards program?
This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 2% for purchases in a bonus category.
Minimum rewards rate | 1x |
Max rewards rate | 2x |
Annual rewards limit | N/A |
Signup Bonus ($) | N/A |
Does Discover It card have a signup bonus?
This card doesn't offer a cash signup bonus.Does Discover It card offer an annual loyalty bonus?
This card doesn't offer a cash loyalty bonus.What are the Discover It card benefits?
It provides the following benefits:
- Free Credit Score
- Zero fraud liability
- Reports to major credit bureaus
What are the relevant APRs for Discover It card?
According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.Discover it Secured Credit Card has a variable purchase APR of 22.99%. The card has a variable balance transfer APR of 22.99% . It also has a variable cash advance APR of 24.99% .
The good news is this card does not charge a penalty APR if you are late on a payment.
Does Discover It card have an intro APR offer on balance transfers?
Yes, it offers an intro APR rate on balance transfers of 10.99% for a period of up to 6 months.
Description | |
---|---|
Balance Transfer Introductory APR | 10.99% |
Balance Transfer Intro APR Period | 6 months |
Balance Transfer APR | 22.99% |
Balance Transfer Fee % | 5% |
Does Discover It card have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for Discover It card?
The following fees apply:
Fees | Amount |
---|---|
Annual Fee | $0 |
Returned Payment Fee | up to $40 |
Late Payment Fee | up to $40 |
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.
What is the customer service phone number for Discover It card?
The Discover It card customer service number is (800) 347-2683.
What is the support contact email for Discover It card?
The support contact email for Discover It card is service@email.discover.com.
What is the Discover It card login page?
You can access the Discover It card login page here.
How do people rate the customer service and user experience of Discover It card?
Overall, Discover It card is strongly recommended based on community reviews that rate customer service and user experience.
Does Discover it Secured Credit Card report your account activity to credit bureaus?
Yes, Discover it Secured Credit Card reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
How to apply for Discover It card
- Visit the Discover It card website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
Contact
- Headquarters
-
2500 Lake Cook Rd
Riverwoods, IL 60015 USA - (800) 347-2683
- Visit Site
- Email Support
Other Services by Discover Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Cash Advance Fee Minimum | $10 |
Cash Advance Fee (%) | Up to 5% |
Minimum Cash Advance Fee ($) | Starting at $10 |
No Annual Fee | |
No Foreign Transaction Fee | |
Annual Fee | $0 |
Minimum Interest Charge | $0.50 |
No Interest Grace Period for Late Payment | 25 days |
Returned Payment Fee | Up to $40 |
Paper Statement Fee | $0 |
Late Fee Amount | Up to $40 |
Discover it Secured Credit Card Community Reviews
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