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Would be grateful if someone had some answers to these questions~

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Anonymous
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Would be grateful if someone had some answers to these questions~

Discover's Secured Credit Card.

 

- I read a post on here that once you have the card and have made the initial deposit, after the first statement peiod you can request for them to give you the 5% cash back structure. Does that have any truth to it? I was reading that the card offers 2% back on gas and then 1% on everything else, but 5% on certain categories is nice too.

 

- I googled and couldn't find a definitive answer. When you apply for a secured card, do they do a hard pull on your credit?

 

Again, I would be grateful for this information, thank you all.

Message 1 of 4
3 REPLIES 3
Anonymous
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Re: Would be grateful if someone had some answers to these questions~

Looks like their secured card is the same as the chrome 2% on gas and restaurants, 1% everywhere else. Guessing the switch would give you the same as the IT 5% rotating categories, 1% everywhere else. You would lose the 2% categories but gain the 5% categories. As far as if it can be done I will leave that up to someone else.
Message 2 of 4
Anonymous
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Re: Would be grateful if someone had some answers to these questions~

And yes it will require a HP to open.
Message 3 of 4
Anonymous
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Re: Would be grateful if someone had some answers to these questions~

It can easily be done.   Contact them via chat.

Message 4 of 4
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