I applied for Discover It Secured and got this message:
Here's what you can expect next:
What does this mean??
They are doing a verification on your checking.......once you do this step, then once the deposit is out of your accouunt, you will get you card shortly after.
They are doing a verification on your checking.......once you do this step, then once the deposit is out of your accouunt, you will get you card shortly after.+
I think this is what is happening also.
|Total CL: $321.7k||UTL: 2%||AAoA: 7.0yrs||Baddies: 0||Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping|
I recently applied for the Discover secured and they let me add my deposit right after the application was approved. Then they emailed me that after my deposit is verified ( I deposited 2.5k) they will mail me the card. The whole process took 10 days from start of application till I received my card. My advice to you is to call them as soon as you get the card and ask them to switch your rewards to the 5% cash back revolving categories, cause you have the potential to earn 10% cash back after they match all your rewards for the first year.
They will let you change the rewards? I have had mine 1 year in a few weeks... I didn't know that!
Yes of course they let you change your rewards. But it's gonna need at least 1 extra billing cycle to switch. So even if you don't get the full match on the 5% for the first year, having it beats the usual 2% that they offer especially if you take advantage of their categories. If you max out these categories you have potential to make at least $300 cash back per year.