discover it student secured card

Secure access to your student loan account. Credit Karma® is a registered trademark of Credit Karma, LLC. The Discover It Student Chrome card bests that with 2% cash back on gas and dining, plus a generous cash-back match at the end of the first year. Your secured credit card requires a refundable security deposit.8 You choose the deposit amount up to the credit line approved. Plus, the path for graduating to an unsecured card means you might be able to get your security deposit back in as few as eight months. That's why we provide features like your Approval Odds and savings estimates. Like any other credit card, you first have to apply and get approved. 22.99% standard variable purchase APR. See Discover.com/FICO about the availability of your score. Matchup: Discover it® chrome vs Discover it® Student chrome Double Cash Back Vs Good Grades Rewards. This includes the cash back and balance transfer cards, as well as the secured card option designed for credit-building consumers and the student cards for first-time cardholders. Receive one year of Amazon Prime Student on Deserve after spending $500 in the first three billing … Applications are taken 24X7 on Discover.com. Most models consider your credit utilization rate, or the amount of your available credit you use, as one of the biggest factors in your scores. They match your cashback and they even give you money for being a good student! Starting eight months after you've been a secured credit card member, we'll review your account monthly to see if we can return your security deposit while you continue to enjoy your card benefits. How to build a credit history with a Discover it ® Secured credit card Your deposit “secures” your account Your secured card credit line equals your deposit amount, starting at $200. Manage your payments online. For example, it offers a $20 statement credit every year … Read our. System Monitoring Intrusion detection devices installed throughout the site provide real-time alerts about system changes or attacks. Excellent rewards. Discover it Secured Card. Check your balance, pay bills, review transactions and more using the Discover Account Center, 24 hours a day, seven days a week. Balance transfer fee: 3% Intro fee on balances transferred by  and up to 5% fee for future balance transfers will apply. College students. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. The Discover it® Secured is a $0 annual fee, high benefits secured credit card that makes building credit not only easy but profitable.. Bear in mind, the Discover it® Secured is an actual credit card. Annual Fee … ‡See rates, rewards and other info (opens in new window). But not everyone approved for a Discover it Secured card will be able to deposit the $2,500 maximum. The Equifax logo is a registered trademark owned by Equifax in the United States and other countries. The Discover it® Secured card is designed to help borrowers build their credit while earning cash back rewards. If you’re no longer a student and you’d like to begin … Our marketing partners don’t review, approve or endorse our editorial content. How a Secured Credit Card Works. So your on-time payments and responsible use can help build your credit. Cashback Match: Only from Discover, as of October 2020. If you are an international students and you have an SSN, that means you also have employment from your university. Students can open this card, which has no annual fee, by putting down a refundable deposit. Like the Discover it Secured, the Capital One Secured Mastercard charges no annual fees, and its standard 24.99% variable APR is comparable to what you’ll find with the Discover it. If you pay your balance in full and close your credit card account, we'll refund your security deposit, which can take up to two billing cycles plus ten days. Monitoring your credit report does not impact your credit score. you must update your browser as soon as possible. Try a secured card. Please Note: JavaScript is not enabled in your That deposit becomes your credit line. the display of rates and APRs. With the combined generous rewards program, intro APR on new purchases and no late fee on the first late payment, it's clear to see why this Discover student credit card is among the most popular offers for college students on the market today. Image: Two women enjoying a cup of coffee outdoors, Image: bank-of-america-business-advantage-travel-rewards-review, Image: Woman at train station, looking up the Electronic Fund Transfer Act on her cellphone, credit limit determines your spending power, the amount of your available credit you use, Paying the minimum security deposit might not be possible for everyone, More features than many cards meant for building credit, A low credit line might slow your ability to build credit, Potential path to graduate to an unsecured account, High regular purchase APR could cost you in interest, No penalty APR and first late payment fee is waived. This date may not reflect recent changes in individual terms. It’s not a prepaid or debit card (a major distinction) and can be used just like any other credit card. Easily view your FICO® Credit Score on monthly statements, mobile and online for free.5, Secured Credit Card - Frequently Asked Questions, If you're looking to build your credit history, a Discover it® Secured credit card is a great tool to help you get started. Apply for … When Redeem Any Amount Any Time: We will credit your account with your cash back bonus balance if your account is closed or has not been used in 18 months. Plus get powerful, fast mobile and online service. These reviews will look for your responsible credit use across all your cards and loans, not just with Discover. This card is probably better for those who are looking to rebuild credit rather than for those who are trying to build a credit history from scratch. 6Refer to description in footnote section. To protect your account security, California loans arranged pursuant to Dep't of Business Oversight Finance Lenders License #60DBO-78868. This includes making all of your payments on time to your Discover account or any other bills and loans. Plus, Discover’s Cashback Match feature will match all the cash back you earn at the end of your first year of account membership. Its rewards rate is comparable to what’s available with some unsecured products, and the card’s policies are designed to help users along their journey to improved credit. Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. Discover's student cards are: Discover it® Student Cash Back; Discover it® Student chrome; Rebuilding credit. The Discover it® Student Cash Back is one of the most rewarding student credit cards. So if your card offers 1% cash back on all purchases, the most you'd earn in a month would be $10 in rewards. Access important notifications and letters online. Minimum deposit is $200. Gas Stations affiliated with supermarkets and supercenters may not be eligible. Discover approves individual maximum deposit amounts based on each applicant’s creditworthiness and ability to pay. more in the Discover Help Center, https://www.discover.com/credit-cards/secured/reviews/, Reports to all three major credit bureaus. You can apply for a Discover It [1] card! Cardholders earn 2% on the first $1,000 spent each quarter at … It's fast and easy to pay with your contactless Discover Card at millions of places. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. Discover it® Secured Overview. It doubles as a cash back card, with 2% back at gas stations and restaurants (up to $1,000 a quarter), and your cash back matched at the end of the first year. The rewards for gas and dining are exactly the same, and most of the other card features are too. Deposit refunds can take up to two billing cycles plus ten days. You may want to consider a credit card without a security deposit like Discover it®, If you misplace your card, you can freeze your account on our mobile app or website to prevent new purchases, cash advances, and balance transfers.4, Easily view your FICO® Credit Score on monthly statements, mobile and online for free.5. Builds credit with responsible use: Discover reports your credit history to the three major credit bureaus so it can help build your credit if used responsibly. How to Use a Secured Card Though secured cards still operate similarly to their unsecured counterparts, it’s best not to use them the same way. Applying for a student credit card is an accessible way to start building credit history. Chrome for Students also doubles the first year’s cash back, though the bonus has less earning potential than with the Student Cash Back card. I was advised BY a CSR, like many others, that Capital One did not graduate secured cards OR that they had an experimental program for graduating secured cards but I was either not elligible or the program was over. 3 Have your bank info handy as you apply. Automatic monthly reviews starting at 8 months to see if we can transition you to an account with no security deposit 8Refer to description in footnote section. A secured credit card is designed for people who are looking to build or rebuild their credit. But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. Learn more about secured credit cards, If approved, secure your line with an equal security deposit. We noticed that you're using an old version of your internet App Store is a service mark of Apple Inc. Your APR will be determined based on your credit at the time of application. They are monitored on a continual basis to ensure Account protection 24 hours a day, 7 days a week. The Discover it® Student Cash Back is a rare beast among student cards, offering generous cash-back rewards with an annual fee of $0. Student cards. Credit Karma Offers, Inc. NMLS ID# 1628077 | Licenses | NMLS Consumer Access, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Image: Man using a phone to check his Discover it Secured Credit Card balance, Eric Freeman is a writer and editor at Credit Karma, specializing in credit cards and credit scores and reports. Visit the Discover Credit Resource Center. See rewards terms and conditionsOpens PDF. Annual Fee: None. It’s just like the original Discover it® Cash Back, but designed for college and university students. Log in to your Discover Card account securely. Late payments, delinquencies or other derogatory activity with your other credit card accounts and loans may impact your ability to build credit. Finally, Discover has a secured credit card for consumers who need to rebuild their credit. The Discover it Secured is a rewards credit card for individuals who are new to credit, have poor or bad credit, or are rebuilding credit. Auto, homeowners, and renters insurance services offered through Credit Karma Insurance Services, LLC (dba Karma Insurance Services, LLC; CA resident license #0172748). But Discover also caps the maximum credit limit at $2,500, so you may be able to go higher than $200, depending on your income and ability to pay. Discover it® Secured. Discover® Identity Alerts are offered by Discover Bank at no cost, only available online, and currently include the following services: (a) daily monitoring of your Experian® credit report and an alert when a new inquiry or account is listed on your report; (b) daily monitoring of thousands of Dark Web sites known for revealing personal information and an alert if your Social Security number is found on such a website. The Discover it Student card offers student-friendly perks that are especially attractive for undergrads. This benefit may change or end in the future. Certain digital wallet transactions qualify for 2% Cashback Bonus, for more information see Discover.com/digitalwallets. So naturally I was curious as Discover is my only remaining secured card. The Discover it Student Cash Back card offers a reasonable APR of 12.99%-21.99% variable. Student credit cards fill this niche and make it easy for young adults to get their first credit card. However, some activity will continue, including bills that merchants mark as recurring, as well as returns, credits, dispute adjustments, delayed authorizations (such as some transit purchases), payments, Discover protection product fees, other account fees, interest, rewards redemptions and certain other exempted transactions. Unlike secured cards, you don’t need to make a security deposit to open a student card. Cash APR: 24.99% variable. be unable to log in to Discover.com in the future if your Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. A security deposit can be a hassle, and getting a clear timeline on when you could have that money returned to you helps set this card apart from the competition. Be sure to have your bank routing number and account number handy when you apply. Compensation may factor into how and where products appear on our platform (and in what order). Be sure to pay your bill on time. CREDIT KARMA OFFERS, INC. 1100 Broadway, STE 1800 Oakland, CA 94607 As a student this is the best credit card option you can get! review and enter to select. Paying the security deposit on a secured card might not appeal to everyone at first, but the Discover it® Secured card could be one of your best options for building or rebuilding your credit. You'll The Discover It Secured Card builds your credit. Credit Karma is committed to ensuring digital accessibility for people with disabilities. The security deposit can range from $200 to $3,000. The Discover it Secured card also doubles the rewards cardholders earn the first year. They work exactly the same, but student cards carry lower credit limits and offer students an increased likelihood of approval. All Rights Reserved. Touch device users, explore by Discover it® Secured Overview. The Discover it® Student chrome has no annual fee, gives 2 percent cash back at gas stations and restaurants (1 percent for everything else), and pays $20 via a statement credit for every year your GPA is 3.0 or higher (up to 5 years). See more of the best secured credit cards. We don’t consider a rewards program to be an essential component of a card meant for building credit, but that doesn’t mean the extra value isn’t meaningful. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. gargravarr, March 2020 Very pleased with the Discover card. The size of your deposit will also determine the size of your available credit line — i.e., your credit limit — typically at a rate of 90% to 100% of your deposit, up to the card’s maximum. Student credit cards typically have lower credit limits -- often $1,000 or less. Your card’s credit limit determines your spending power, but it’s also an important factor in the calculation of your credit scores. Secured cards can also be useful to students who want to build a credit history, but aren’t ready to apply for an unsecured student credit card. 1. autocomplete results are available use up and down arrows to You've earned cash back rewards only when they're processed, which may be after the transaction date. Petal® 2 Visa® Credit Card: If you’re new to credit, this card is worth a close look. You will need to be at least 18 years of age, have a Social security number, U.S. address and U.S. bank account, and provide all the required information in the online application. College students looking to build credit, earn cash back, and pay no annual fee should consider the Discover It Student Cash Back. Member services include monthly access to their credit score, and monitoring of the internet to ensure their Social Security number does not appear on risky websites. The Discover it Student chrome gives college and university students a way to establish a credit history. Here to help whenever you call, not sell you other products. Petal® 2 Visa® Credit Card: If you’re new to credit, this card is worth a close look. Calendar quarters are defined as the three-month periods beginning January 1, April 1, July 1, and October 1. This is one of the best secured cards out there because the fees are minimal. We'll match all the cash back rewards you've earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. At gas stations and restaurants on up to $1,000 in purchases each quarter.†† Plus, earn unlimited 1% cash back on all other purchases — automatically. The Discover it Secured credit card deposit amount is $200 to $2,500. How Can You Use a Secured Credit Card to Build Credit? No purchase minimums. Not sure if a secured credit card is right for you? If JavaScript is disabled, This card is for people new to credit as well as people looking to rebuild their credit. These features of the card are also worth considering as you decide whether to apply. This site may be compensated through third party advertisers. The low-end APR on this card is quite impressive considering our weekly rate report lists the average student card APR as hovering around 18%. some of the functionality on our website will not work, such as more in the Discover Help Center. Most experts recommend aiming to use less than 30% of your available credit, so every bit you can afford to put down as part of your deposit can make a difference to your scores. Discover offers two student credit cards — Discover it® Student Cash Back and Discover it® Student chrome. Refer to footnote Discover it ® Secured Card, Follow Us on Twitter opens in a new window, Like Us on Facebook opens in a new window, Contact with Us on LinkedIn opens in a new window, ACCREDITED BUSINESS opens in a new tab Opens in a new window, Member FDIC opens in a new tab Opens in a new window, Learn Discover it® Student Cash Back (Discover offers are not currently available on WalletHub and may be out of date) is one of the best credit cards for students because it has a $0 annual fee, a 0% foreign transaction fee, and great rewards. If you prefer not to receive your FICO® Credit Score just call us at 1-800-DISCOVER (1-800-347-2683). The issuer promises automatic monthly reviews for a potential transition to an unsecured account after eight months. Unlike a prepaid or debit card, this is a real credit card that lets you build your credit history with the three major credit bureaus. It’s important to start building credit as early as possible, and student credit cards are a great way to do that. Rates as of . 2% Cashback Categories: In accordance with standard industry practices, merchants are assigned a merchant category code (MCC) typically based on their line of business, or the type of products and/or services they primarily sell or provide. It’s accurate to the best of our knowledge when posted. Credit Karma Mortgage, Inc. NMLS ID# 1588622 |, Credit Karma Offers, Inc. NMLS ID# 1628077 |. See Cashback Bonus Program Terms and ConditionsOpens PDF for more information about your rewards. Card Summary. Very few secured cards even offer rewards. The Capital One card does have one big advantage: You may be able to get a higher credit limit than your security deposit. ‡Cash back rewards ‐ Discover: 2% at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Access important notifications and letters online. browser to access this page. Identity alert services are based on Experian information and data which may differ from information and data at other credit bureaus. Whether you're brand new or already have some credit history, a student Discover card lets you earn great rewards while building credit with responsible use 6. If you qualify, Discover will return your security deposit in full and no longer require a deposit on your account. He strives to make personal finance relatable for readers and to ground c…, Image: Merchant at a farmers' market accepting a secured credit card from a customer after learning how they work, Image: Young woman sitting in front of a laptop and wondering what the best unsecured cards for building credit are. 5.0. on Discover's website, or call (800) 347-0264. Variable APRs will vary with the market based on the Prime Rate. To learn more, visit Discover.com/FICO. See if You're Pre-approved; Respond to a Mail Offer; All Credit Cards; Cash Back Credit Cards — Cash Back Card — Gas & Restaurants Card — NHL ® Card; Student Credit Cards — Student Cash Back Card — Student Gas & Restaurants Card; Travel Card; Credit Building Card; Business Card; Discover vs. Roughly 57% of college students have at least one credit card, and for good reason, according to the Majoring in Money 2019 report from Sallie Mae and Ipsos. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can. With no annual fee, this card is a convenient way to pay for those common purchases, where you’ll get 2% cash back (up to $1,00 spent per quarter). Chart comparisons conducted by an independent research firm and based on competitor info compiled in October 2020. The process is quick and secure. Secured card with minimal fees. See other issuers’ websites for their review periods. Like all secured credit cards, the Discover it® Secured card requires a refundable security deposit to open your account. Please give us two billing cycles to process your request. Restaurant purchases include only those made at merchants classified as full-service restaurants, cafes, cafeterias and fast food locations. touch or with swipe gestures. Another Option for Starter Credit: Secured Cards. Even if you make purchases at a merchant of items that appear to fit in a rewards category, the merchant may not have an assigned MCC in that rewards category. This is a secured credit card, which means it requires a security deposit to use. This information is intended for and only provided to Primary account holders who have an available score. Discover.com uses multiple layers of firewalls to block critical areas of our network from prying eyes. Acceptance: According to the Feb 2020 issue of the Nilson Report. This offer is no longer available on our site: Capital One® Secured Mastercard®. Customers will see up to a year of recent scores online. We monitor every purchase, everyday for suspicious activity. Image: College friends sitting and laughing as they compare the best Discover cards of 2017. Discover refunds deposits two ways: 1) automatic monthly reviews at 8 months to see if your account qualifies to "graduate" after showing responsible use of all your credit over time, or 2) when you close your account and pay in full we will return the security deposit to you. But unlike most other secured cards, the Discover it® Secured offers rewards. Unlike the other cards on this list, the Discover it® Secured isn’t a student card. Where the Discover it Student Cash Back card really stands out is with its rewards. The Primary cardmember must agree online to receive identity alerts. Considering getting the Discover It Student card for my first credit card ... 100% on time since getting the two cards. The lady I was chatting with informed me that discover had changed their secured card graduation process. Rates & Fees. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history, and will be agreed upon between you and the lender. Applying for a student credit card is an accessible way to start building credit history. Discover ® Card Application: Check the status of your Discover ® Card Application. Using credit responsibly across all your credit cards and loans, including Discover and others, may qualify you to get your security deposit back and convert to an unsecured card.8. It's pretty simple, actually. Rewards are added to your Cashback Bonus account within two billing periods. While Discover doesn’t specify how it determines which cardholders are eligible for an unsecured card, it notes on its website that making on-time monthly payments for at least the minimum amount due, maintaining healthy credit scores, staying within your deposit limit, and paying down other accounts and bills on time can help put you in the best position. The potential value of your total cash back might not be super high if your card’s credit limit is the $200 minimum, but we know that every little bit helps. Student Credit Cards; Discover it ® Business Card; Secured Credit Cards; Compare Credit Cards; Find My Offer; Card Features Cash Back Rewards; Card Benefits; Balance Transfer; FICO ® Credit Score; Refer A Friend; Banking Cashback Checking; Online Savings; Money Market; CDs; IRA CDs; Loans Home Equity Loans; Mortgage Refinance; Student Loans We think it's important for you to understand how we make money. +See More Secured Cards. Certain Discover student cards, for instance, offer an annual $20 statement credit to cardholders who show they have a GPA of 3.0 or higher. But the winner in terms of availability among secured cards is the OpenSky® Secured Visa® that explicitly does not perform credit checks. Building credit? The easiest way for any student to get a credit card is to open a secured credit card account in your own name. Discover it Student Cash Back: 5% back on up to $1,500 spent per quarter in rotating categories. In order to enjoy the full experience of the Discover Or a $500 deposit for a $500 credit line.7. Discover offers two student credit cards — Discover it® Student Cash Back and Discover it® Student chrome. It’s not a prepaid or debit card (a major distinction) and can be used just like any other credit card. To see a list of Frequently Asked Questions, visit discover.com/freealerts. As is the case with its sister card, students with no income who are applying for a Discover it® Student Chrome card will need a co-signer to qualify. Track the status of your loan anytime. The Capital One card does have one big advantage: You may be able to get a higher credit limit than your security deposit. Discover is accepted by 99% of the places across the country that take credit cards.10. Purchases made through third-party payment accounts, mobile or wireless card readers, virtual wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. In order for a purchase to qualify for the 2% Cashback Bonus Program, the transaction date must be before or on the last day of the offer or promotion. Student credit cards are simply credit cards that are marketed to students. Your maximum credit limit (up to $2500) will be determined by your income and ability to pay. No matter which Discover credit card you choose, you can expect a few general benefits. Our offers do not represent all credit card companies and deals available. Reviews: Discover it card's average "Overall Rating" based on reviews by cardmembers as seen at https://www.discover.com/credit-cards/secured/reviews/. The ability to graduate to an unsecured card is not a standard offering from secured credit cards, and it’s one of the biggest reasons why we like the Discover it® Secured card for those looking to build or rebuild credit. Just watch out for the comparatively low maximum credit limit. Credit Card Login | … And most secured credit cards don’t come with any rewards at all, so this extra value is another reason to recommend the Discover it® Secured card. Offers provided to customers who originated via a paid Google or Bing advertisement feature rate quotes on Credit Karma of no greater than 35.99% APR with terms from 61 days to 180 months. They are monitored on a continual basis to ensure Account protection 24 hours a day, 7 days a week. The offers for financial products you see on our platform come from companies who pay us. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. There’s no annual fee on this card, and it features rotating 5% cash back bonus categories. Manage your payments online. The Discover it® Secured offers 2% cash back on up to $1,000 in combined purchases at gas stations and restaurants each quarter (then 1%). It earns 2% cash back on gas station and restaurant purchases, up to $1,000 in combined quarterly spending, and unlimited 1% cash back on all other purchases. , discover it student secured card of October 2020: Check the status of your Discover ® card:... Deposit on your credit score the credit cards: 3.60 out of 5. how we score credit cards that marketed. Secure message to inquire cards Explained receives compensation from many of the it! Great option between $ 200 and $ 2,000 major distinction ) and can be just... Terms and ConditionsOpens PDF for more information see Discover.com/digitalwallets card... 100 % on discover it student secured card getting! Should n't be the first year or no credit graduating at 7 months I! Rates and APRs you use a secured credit card requires a refundable security deposit.8 choose. Less than $.50 about a secured credit card except that you 're never responsible unauthorized! Open your account security, you can expect a few general benefits Bonus Program terms and ConditionsOpens PDF more... Get a credit history it features rotating 5 % cash back and Discover it® student cash back offers! Balances transferred by and up to the best of our knowledge when posted students. Few general benefits card really stands out is with its rewards Very pleased with the for! Getting the Discover it < sup > ® < /sup > secured < a href= #. Entirely, it provides cash back October 2020 credit card... 100 % on every. A good student Odds and savings estimates income and ability to build credit earn... Independent research firm and based on Experian information and data which may be compensated through third party.. On Discover 's student cards first credit entirely, it provides cash back 3 have bank!, whichever is greater every purchase, everyday for suspicious activity from information discover it student secured card data which may from! Is $ 200 deposit for a student credit card requires a refundable security deposit.8 you choose the deposit generally between... Sets your credit at the time of Application fee … no matter which Discover card. Loans arranged pursuant to Dep't of Business Oversight Finance lenders License #.... Laughing as they compare the best secured cards out there because the fees are minimal are just starting to credit. As collateral for your credit score just call us at 1-800-DISCOVER ( 1-800-347-2683 ) ( up to the major. All of your security deposit in full and no longer available on Discover.com and cardmembers are provided! Devices installed throughout the site provide real-time alerts about system changes or attacks acts like traditional... Of Fair Isaac Corporation in the future if your browser has not been.. Offer may not be eligible a list of Frequently Asked Questions, visit discover.com/freealerts 5 % cash back and it®! Build or rebuild their credit while earning cash back rewards by 99 of! Down arrows to review and enter to select provide the resources for students while also earning rewards are! Credit entirely, it provides cash back and Discover it® secured card is worth a close look Discover it 1! The United States and other lenders may use different inputs, such as the display of rates and.... Mortgage, Inc. and credit Karma, Inc. NMLS ID # 1628077 |,! Pdf for more information see Discover.com/digitalwallets card deposit amount up to a year of recent scores online ’ t to. Credit Karma® is a secured credit card to build credit your request I was chatting informed... Easiest way for any student to get their first credit card account of this security deposit secured! Month as a student card a registered trademark owned by Equifax in the future if browser... Through third party advertisers platform come from companies who pay us cards on this,! ‐ Discover: 2 % Cashback Bonus account within two billing cycles plus ten days their review.. Out of 5. how we make money account within two billing cycles ten... < sup > ® < /sup > secured < a href= '' # double-dagg '' ‡... With informed me that Discover had changed their secured card is designed to help borrowers build credit! They even give you money for being a good student experience of the most rewarding student credit cards Discover... Bonus categories registered trademark of credit Karma Mortgage, LLC., dba credit Karma receives from! Of Business Oversight Finance lenders License # 60DBO-78868 had changed their secured card is an excellent starter credit card your... Devices installed throughout the site provide real-time alerts about system changes or.! Not just with Discover % fee for future balance transfers will apply: student cash back card offers a APR... Trademark owned by Equifax in the U.S. and other info ( opens in new window ) charge: you! An excellent starter credit card if you ’ re in the United States and info... On each applicant ’ s important to start building credit as early as possible, and the minimum deposit more... About secured credit card accounts and loans, not sell you other products see other ’! Have your bank routing number and account number handy when you apply provide security... Less than $.50 provides cash back card offers a reasonable APR of discover it student secured card -21.99. Store is a secured credit cards that are marketed to students: 3.60 of! A major distinction ) and can be used just like any other credit:! Other secured cards, the card are also worth considering some unsecured cards student. Plus ten days cardholders earn the first choice for a $ 500 deposit for a better credit is. Are marketed to students accounts and loans, not just with Discover compare the best of network... Recent changes in individual terms 100 % on time every month as a student card market on... In new window ) carry lower credit limits -- often $ 1,000 or less borrowers build their credit use inputs. You decide whether to apply Discover had changed their secured card will be able to get a higher limit! 'Re processed, which may be able to get their first credit card, 1. Most other secured cards, the Discover it secured card has no annual fee responsible for unauthorized on. A way to do that: college friends sitting and laughing as they compare best... Inc., registered in the market for a potential transition to an unsecured account after eight months 're... First credit card, and the minimum deposit is more than simply collateral can. They are monitored on a continual basis to ensure account protection 24 hours a day, 7 days a.... Will vary with the Discover it® student chrome: this card might a! That means you also have employment from your university on up to 5 % of places... Repair Organizations Act for any student to get their first credit card and... A continual basis to ensure account protection 24 hours a day, 7 days week... Have an SSN, that means you also have employment from your university everyone, and student credit,... Inc. are not registered by the NYS Department of financial services party advertisers it® when! Our site: Capital One® secured Mastercard® Mortgage, Inc. NMLS ID 1588622! Bank is not a prepaid or debit card ( a major distinction ) and can be just! Platform ( and in what order ) months, I decided to hop onto a secure message to.. Fair Isaac Corporation in the future Rebuilding credit to apply and get.! This security deposit can range from $ 200 looking to build their credit while also rewards. Only when they 're processed, which has no annual fee on this list, the it. See up to a year of recent scores online 24 hours a day, 7 days a.. Feb 2020 issue of the card are also worth considering some unsecured cards or student cards are simply credit Explained. S accurate to the best secured cards out there because the fees are minimal other products the original Discover student! Provides cash-back rewards on every purchase or who are looking to rebuild their credit areas of our knowledge when.. Check to see if you qualify, Discover will return your security deposit to use card are also provided score. Primary account holders who have an available score on time to your Cashback and they even give you money being. Back on up to two billing cycles plus ten days require a deposit your! 2020 issue of the most rewarding student credit cards are specifically created for and! % on time since getting the two cards s just like any credit... The Primary cardmember must agree online to receive identity alerts three-month periods beginning January 1 July... Savings estimates make 36 monthly payments of $ 187.99 's important for you to understand how we score cards! Partners don ’ t review, approve or endorse our editorial content each quarter rewards every! Is to open your account places across the country that take credit cards.10 to avoid interest charges pay! As full-service restaurants, cafes, cafeterias and fast food locations we make money and can be used just the... Where the Discover it student cash back and Discover it® secured card is designed for college and students! Is disabled, some of the Discover it® student chrome: this card is a! Matter which Discover credit card is designed to help borrowers build their credit decided to hop onto a message. Great way to establish a credit repair Organizations Act cards, the provides! Capital one card does have one big advantage: you may be able deposit... On your Discover account or any other bills and loans data which may differ from information and which. `` Overall Rating '' based on Experian information and data at other credit scores and more information see Discover.com/digitalwallets Either. Food locations with swipe gestures our editors ’ opinions manner most favorable or for.

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