topic Re: Discover It secured? in Credit Cards

Discover It secured?

Anonymous — Tue, 08 Dec 2015 02:52:51 GMT

hi all,

I have read many people being offered the secured discover card for college students after being denied the the unsecured version. I am wondering if this has worked for everyone so far? Also what is the specific card that you have to apply for?

Re: Discover It secured?

Anonymous — Tue, 08 Dec 2015 03:26:30 GMT

You apply for the regular Discover card. If your credit doesn't qualify you to receive it, they may offer you the Discover secured card. But it isn't offered to everyone. Don't know who or why they offer. All you can do is give it a try.

Re: Discover It secured?

Anonymous — Tue, 08 Dec 2015 03:57:42 GMT

I was more wondering about the people who have applied for the student card. Apparently most people who apply for the student card and get deinied are offered the secured card. I know the question then becomes what if you are not a student, but people were still applying and getting offered the secured card anyway. Has this worked for anyone who has applied for the student version and yet is not a student?

Re: Discover It secured?

Anonymous — Tue, 08 Dec 2015 04:32:15 GMT

@Anonymous wrote:
I was more wondering about the people who have applied for the student card. Apparently most people who apply for the student card and get deinied are offered the secured card. I know the question then becomes what if you are not a student, but people were still applying and getting offered the secured card anyway. Has this worked for anyone who has applied for the student version and yet is not a student?

Mine is a Discover It Student (NOT a Discover It Chrome - It's the 5% / 1% regular It card but I applied as a college student).

Mine also is a secured card, just had my 12th statement cut yesterday so I'm hoping for the "Congratulations" letter any time now for it to unsecure (fingers crossed).

You can apply for either the Discover It or Discover It Chrome as a student or not a student. Doesn't matter. As far as I know if you apply for the Chrome as a non-student their criteria is the same as for the It card, so I don't think it actually matters either way -- the It Chrome isn't only for Students, it's just a different rewards structure (In my personal opinion it's not that brilliant of a card, the Chrome, but some people find a lot of use out of it).

Re: Discover It secured?

Anonymous — Tue, 08 Dec 2015 08:46:34 GMT

I had a friend apply for the Discover It Chrome (not as a student) in May. He was denied and recieved a counteroffer for the secured card with the same benefits as the card he applied for (Chrome). He had really bad credit including 7 or 9 collections with a score in the high 500 to low 600

So it is my understanding that if you were denied for the Discover It, you will get a secured card with the same benefits as the Discover It card. If you apply for the Discover It Chrome Student, you will get the Secured version of a Discover It Chrome Student and you will be evaluated after a year to determine if you can move up to the real Discover It Chrome Student. You will get the same benefits on the secured card as the card you applied for; I am not sure on this, but that was what my experiences told me.

Re: Discover It secured?

Anonymous — Tue, 08 Dec 2015 11:49:44 GMT

@Anonymous wrote:
I was more wondering about the people who have applied for the student card. Apparently most people who apply for the student card and get deinied are offered the secured card. I know the question then becomes what if you are not a student, but people were still applying and getting offered the secured card anyway. Has this worked for anyone who has applied for the student version and yet is not a student?

It goes: Apply for the regular card, if you aren't qualified for the regular card they will offer you the student version of the card. If for some reason you don't qualify for the student version of the card, then you will be offered the secured version of the card. Discover is a small bank, and the forms results are not automated. Discover will make their own recommendations. I was offered a student version of the card but I never indicated in the form that I was a student. And I'm not a student, but I still was approved for the card. And also, my application was a result of getting a Discover chrome ad in the mail. It interested me, so I applied. I didn't qualify for the regular but took the student counter offer which I am grateful for.

Re: Discover It secured?

Anonymous — Tue, 08 Dec 2015 22:52:19 GMT

I would compare the benefits of the Discover It vs Discover It student then make a decision. I found this link http://www.creditdonkey.com/discover-it-student_discover-it.html. It may be helpful to you. Good luck OP!

Re: Discover It secured?

Anonymous — Tue, 08 Dec 2015 23:54:19 GMT

@Anonymous wrote:
hi all,

I have read many people being offered the secured discover card for college students after being denied the the unsecured version. I am wondering if this has worked for everyone so far? Also what is the specific card that you have to apply for?

I applied for the Discover it Chrome and when I was turned down, I was offered the secured card.