Discover It secured card

[buildafico]

Anyone else have one? I applied for the regular version but was denied they offered me their secured version, can graduate or add unsecured increase after 12 months. Jumped on it naturally, I figured the cash would be well worth it. lol

[Whitneyy]

I didn't know discover had a secured card!  I would love to see the responses from everyone else on this because if so I'm interested in applying!

[buildafico]

I'm not sure you can directly apply for it, or at least I've never seen that option. But great card no annual fee and same rewards structure as the regular discover it

[buildafico]

The only thing that sucks is that they don't allow additional deposits after the initial deposit, yet. So whatever line you choose is what you're stuck with.

[msbia]

Hey there, I actually have this card as well after being deniied the regular IT card. It is just like the normal card with the exception of the secured part. Your initial deposit, minimum $200 is your secured amount and cannot be raised. I was told by a rep that they may consider graduating the card after a year or so, but others have stated differently. At any rate I was grateful for an "in" with Discover, even if secured. You can ONLY get this offer if denied for a regular card btw.

[buildafico]

Same here, i have enough credit but this one was attractive because of rewards and also to diversify portfolio. Plus the free Fico but I already have that from Barclays. Also was told the same things by rep, glad they offer an in to not so great profiles.

[msbia]

Well, I am slowly building. I have a Fico score now of 655 and while I don't have the best cards out there I do have a secured USAA Amex, a secured Visa through my credit union, the Discover IT secured, Walmart, Amazon, Care Credit, Chevron and Gap and my other credit union just approved me for an unsecured Visa with a $1k CL, so not bad. I am keeping my util at 5% and PIF when the statements cut. I was so pleased to get the Discover in February and know that in a year or so that I should be well on my way to good credit! Thanks for posting.

[mebell]

Nice, I didn't know either that they offered secured versions.

[AvadaKedavra]

I applied for the Discover It, got denied and was also offered the secured version. Money was withdrawn from my acccount on 3/17 and I'm waiting for the card in the mail now. I'm excited!

[buildafico]

I'm especially thrilled with no AF and 5%