Discover Secured Card Question - Is Deposit Required Immediately?

[Garland_Russell]

As the title says... I was pre-approved for a Discover secured card, but am not sure yet which bank account I would use to pay the deposit if I'm officially appproved. I know some issuers (like Cap One) give you a couple of weeks, but I'm not sure if that's true of Discover. Anyone know?

Thanks in advance...

[Garland_Russell]

OK, I have my answer. I just went ahead and did it, and yes - they want their money immediately! So in case anyone else ever comes with the same question, and does a search, they'll have their answer. 

Something else happened that was very interesting. At the exact moment Discover was approving my application, I received an e-mail notification from Experian that there had been a change in my credit file. So while waiting for Discover's hamsters to spin their wheel, I logged onto Experian, and found that my FICO 8 score had jumped from 650 to 670. A moment later, I got an e-mail from Discover saying I had been approved for the secured card. It's possible it could have been a coincidence, but the timing is very odd. It appears that Discover approving me pumped another 20 points into my FICO score. 

[FireMedic1]

Probably something else that triggered the update. A HP isnt going to gain points. Congrats on getting the secured.

[OmarGB9]

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@Garland_Russell wrote:

OK, I have my answer. I just went ahead and did it, and yes - they want their money immediately! So in case anyone else ever comes with the same question, and does a search, they'll have their answer. 

Something else happened that was very interesting. At the exact moment Discover was approving my application, I received an e-mail notification from Experian that there had been a change in my credit file. So while waiting for Discover's hamsters to spin their wheel, I logged onto Experian, and found that my FICO 8 score had jumped from 650 to 670. A moment later, I got an e-mail from Discover saying I had been approved for the secured card. It's possible it could have been a coincidence, but the timing is very odd. It appears that Discover approving me pumped another 20 points into my FICO score. 

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Thanks for the DP.

As far as your score jumping, definitely coincidence. As Firemedic said, HPs don't increase score. They typically either drop it, or are neutral.