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I have searched up and down on Google and these forums for the maximum limit for their secured card deposit limit and I haven't been able to find an answer. I found one post where someone stated they believed it was $2500 because that's what their deposit was. Discover doesn't advertise their secured card, so there isn't a web page about it. I checked the terms and conditions but it doesn't say except a $200 minimum deposit. Any ideas anyone? Thanks!
$2500 according to doctorofcredit.
http://www.doctorofcredit.com/credit-cards/secured/discover-it-secured-credit-card-review/
Ah! I was on that page too, I just didnt scroll down far enough. Looks like $2500 is it. Kinda low tho, I was expecting a little higher comparing to BoA and U.S. Bank's $5000. Thanks for the link!
I thought my original paperwork said 200-3k but they may have lowered that since then. I took mine to 2000 a month before it graduated, since got increases to 6500.
@JMCB wrote:I have searched up and down on Google and these forums for the maximum limit for their secured card deposit limit and I haven't been able to find an answer. I found one post where someone stated they believed it was $2500 because that's what their deposit was. Discover doesn't advertise their secured card, so there isn't a web page about it. I checked the terms and conditions but it doesn't say except a $200 minimum deposit. Any ideas anyone? Thanks!
Maximum is $2500 per Discover card New Accounts.
Thanks for the replies peeps. Its good to know to compare it to the BoA Secured Card.
mine graduated right on 1 year.
@Anonymous wrote:
Havent read up much on Discover graduation. How long did it take?