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Discover it Secured Credit Card
Consumer Reviews, Credit Score and Income Needed, Credit Limits

Picture of Discover it® Secured
28 Reviews
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Credit Score: 595 Credit Limit: 500 Age: 35-44
Income On Application: $60000
Posted 02/21 2018
Overall Rating: star ratingstar ratingstar ratingstar ratingno star rating
I really like this card though I have to say that I went through a really inconvenient application process. After I applied, I was taken to a page that required me to upload my W2, DL and SSN (to confirm my identity). I was told that someone would contact me but nobody did. After 2 days, I noticed that they withdraw my $500 deposit from my checking account. So I guess that I was finally approved and "my identity verified"! Got my card 2 weeks later. It seems like Discover kind of leaves you in a limbo if you have to go through this and I'm sure not everyone has to go through this "verify your identity" process.

But once I got the card, everything has gone on smoothly. I set up autopay so I would never be late. I earn rewards and also found out that Discover reports very quickly (checked just before I got my first statement). Payment also clears in about one or two days. After 4 months, my TU score has gone up by 40 points.
Credit Score: 568 Credit Limit: 500 Age: 35-44
Posted 10/09 2017
Overall Rating: star ratingstar ratingstar ratingstar ratingno star rating
I have had this card for 11 months and have not been offered to graduate yet. In the meantime, I have already gotten offers from Capital One, Amex and Citi. In fact, I just applied and was approved for the Cap One QuickSilver. I'll probably for the Amex as well. Discover has helped me improved my credit score. It was about 568 when I applied and it is now 660 after 11 months.
Credit Score: 597 Credit Limit: 1000 Age: 25-34
Posted 08/18 2016
Overall Rating: star ratingstar ratingstar ratingstar ratingno star rating
Getting this card was kind of a pain initially cos I was asked to provide "proof of income" I had to give copies of my W2 and a utility statement. But I got approved and deposited $1000 into my account. I set up autopay and made sure I paid in full every month. I seldom spend more than $200 on the card.

The 7 months later, I got the good new in the email: "Because you’ve shown responsible account management, you’re getting your security deposit back. You should receive the check in the mail in 5-7 business days". Woohoo! I had graduated rather early to an unsecured credit card.

I would have given card a 5 star rating if not for the inconvenience if having to product pay stubs during the application!
Credit Score: 590 Credit Limit: 500 Age: 25-34
Posted 03/11 2016
Overall Rating: star ratingstar ratingstar ratingstar ratingno star rating
I deposited $500 when I got approved for this card. I gave them my banking details and the amount was taken out of my checking account within a couple of days. I got my card a week later. After 3 months, I needed to travel and realized that I would need to rent a car and possibly book a hotel. However, my credit limit was too low. So I called the rep and was told that I could not add to my deposit to increase my limit and that I could only do so after a year. So here is a piece of advice for those of you thinking about this card. Put enough deposit based on how much you think you need for credit and in fact over provision.

Aside from this, I also noticed that report as secured to the credit bureaus. Otherwise, I love this card. I mean, what is there not to like about it. There are no annual fees. You earn rewards and they will consider you for a switch to an unsecured card after 12 months. App is super easy to use too.