Discover it Secured Credit Card: Understand How the Card Works and How to Apply
The Discover it Secured Credit Card offers cashback, protection options and various services. Check out now how it works and how to have one.
The Discover it Secured Credit Card is perfect for those starting to build or recover their credit history.
To start using it, you need to make a refundable deposit that will comprise your initial credit limit.
In other words, this is an option to help improve your financial health and relationship with a credit card, with several benefits.
Explore our article on the Discover it Secured and discover all the advantages.
Understand what a secured card is and how it works
The Discover it Secured Credit Card is an effective tool for establishing and strengthening your credit history.
To apply, you will need to make a refundable deposit starting at $200, which will serve as your initial credit limit.
With this card, you can make purchases normally and must pay the bill monthly on time to avoid interest.
The Discover it Secured also offers cashback benefits: 2% at gas stations and restaurants, and 1% on all other purchases.
Besides these benefits, the card provides free access to your FICO Score and credit monitoring tools, allowing you to track your progress.
After 8 months of timely payments, you can request the deposit back. Discover reviews your credit history and, in some cases, may increase your credit limit without the need for a new deposit.
In summary: application, approval, security deposit, and use of available credit. By paying bills on time, you release your limit for new purchases, creating a positive cycle of responsible credit.
Learn about the card’s rewards
The Discover it Secured Credit Card is an excellent option for those who want to make the most of rewards and save on their daily purchases.
Understanding how the cashback system works and the advantages it offers can help you maximize the benefits of this card.
Here are the details of each reward offered by the Discover it Secured:
2% Cashback
With the Discover it Secured, you can get 2% cashback at gas stations and restaurants, with a limit of $1,000 in combined purchases each quarter.
This automatic advantage allows you to save significantly on essential expenses, especially at the bank’s partner establishments.
Additionally, this benefit is an effective way to recover part of the money spent on important purchases.
1% Cashback
The card also offers 1% cashback on all other purchases, without a limit. This means that regardless of where you spend, whether on groceries, gas, or clothing, you will always get money back.
Each purchase contributes to your cashback, providing an additional financial advantage with every transaction.
2x Cashback
The accumulated cashback can be used in various ways, such as credit on your statement or even transferred to a bank account, increasing your financial flexibility.
With the Discover it Secured, every purchase yields a reward, making your daily expenses more advantageous and helping to make a difference in your balance at the end of the month.
Thus, the Discover it Secured not only helps to build and strengthen your credit history but also offers a practical way to save and maximize the value of each purchase.
There is also the possibility of earning double cashback depending on your spending and current promotions.
Learn about the card’s features
Besides these options, the Discover it Secured offers a series of features to improve your privacy and provide more security when using it. Learn about the main features:
Privacy Protection
The Discover it Secured Credit Card offers robust privacy protection measures to ensure that your personal and financial information is always secure. Among the main features are:
- Fraud Monitoring: Discover continuously monitors your transactions to detect suspicious activity. If something unusual is identified, you will be immediately notified to confirm if the transaction is legitimate.
- Security Alert: Receive alerts via email, SMS, or mobile app notifications whenever there is suspicious activity on your account.
- Zero Liability Protection: You will not be responsible for unauthorized purchases made with your card, providing an additional layer of security.
- Card Replacement Service: In case of loss or theft, Discover offers a quick card replacement service to minimize any inconvenience.
- Payment Tokenization: For online transactions, Discover uses payment tokens that replace your actual card information with a temporary code, reducing the risk of fraud.
FICO Score
The Discover it Secured Credit Card includes free access to your FICO Score, one of the main credit evaluation tools used by lenders.
This feature is essential for those who want to monitor and improve their credit score.
All cardholders have monthly access to their FICO Score, updated directly in the mobile app or the Discover online account.
The card reports your payment activities to major credit bureaus (Equifax, Experian, and TransUnion), helping to build a solid credit history.
Along with the FICO Score, Discover offers personalized tips and insights on how to improve your credit score, such as paying bills on time, keeping balances low, and avoiding new debts.
With these features, the Discover it Secured Credit Card not only helps you protect your personal information but also provides valuable tools to monitor and improve your credit history.
Freeze it
The Freeze it feature of the Discover it Secured Credit Card allows you to have complete control over the security of your card with just one touch.
This feature is ideal for situations where you may have lost your card or want to temporarily prevent unauthorized use.
With Freeze it, you can freeze or unfreeze your account instantly through the mobile app or your online account.
When frozen, new purchases, ATM withdrawals, and online transactions are immediately blocked.
This feature offers an additional layer of security, especially useful if you suspect that your card has been lost or stolen, allowing you to take quick preventive measures.
Zero Liability Guarantee
The Zero Liability Guarantee of the Discover it Secured Credit Card ensures that you will not be held responsible for unauthorized purchases made with your card.
This feature offers peace of mind and financial protection. If your card is lost, stolen, or used without your authorization, you will not be responsible for the fraudulent transactions.
Discover continuously monitors your account to detect suspicious activity and takes immediate steps to protect you.
In case of unauthorized transactions, you can report the fraud quickly and easily through customer service or the mobile app.
How to apply for the Discover it Secured Card?
Check out how to apply for your Discover it Secured Credit Card:
- Access the official Discover it Secured Credit Card website.
- Select the “Apply Now” button.
- Enter your address details in the designated fields.
- Provide the necessary personal information as requested.
- Submit documentation and details regarding your income.
- After completing the form and agreeing to all terms, submit your application to the bank.
That’s it! Now, just wait for approval and soon you will receive your card to start making your purchases.
Remember to make the security deposit, which will define your credit limit, to take advantage of all the benefits offered by your new card.
Check out other card options available on our website to find the best solution for your financial needs.
Review made in July 2024. Card information may change, check the official website before requesting.
Contact Discover at 1-800-347-2683.
