Discover offers a wide range of credit cards. Most of their cards offer rewards, including cash back and miles for airline travel. They also offer a secured card. A Discover it® Secured credit card is designed for those with very bad credit, which typically means a credit score of 300 or higher. It has no annual fee and offers cardholders cash back for purchases.
Discover it® Secured Credit Card Rates & Fees
|ANNUAL FEE||INTRO APR||APRS||BALANCE TRANSFER FEE||FOREIGN TRANSACTION FEE|
|$0||10,99% intro APR for 6 months from date of first transfer, for transfers under this offer that post to your account by January 10, 2019.||24.99%||3% of the amount of each transfer.||None|
How to Apply For Discover it® Secured Credit Card Online
There are two options for applying for the Discover it® Secured Credit Card online. You can visit their homepage at www.discover.com. If you’ve been invited to apply, you can visit their website to fill out a special Discover credit card application.
Apply for Discover it® Secured Credit Card Online Without an Invitation
Even if you haven’t received an invitation, you can still apply for a Discover credit card.
- Once you visit their homepage, click on “Credit Cards” near the top left side of the page and select “All Credit Cards.”
- Choose the Discover it® Secured Credit Card and click “Apply Now.”
- Enter your first and last name and click “Continue.”
Follow the prompts to finish your application.
Apply for Discover it® Secured Credit Card Online With an Invitation
- If you have received an invitation to apply for a Discover credit card, visit their website.
- Enter your invitation number and click the orange button that says “Continue.”
Follow the prompts to finish your application.
Discover Credit Card Customer Service
If you have any concerns or questions about your Discover credit card, contact their customer service representatives at 1-800-347-26-83. If you are outside the U.S., you can contact them at 1-801-902-31-00.
Discover it® Secured Credit Card FAQs
What are the benefits of the Discover it® Secured Credit Card?
With the Discover it® Secured credit card, you earn unlimited 1% cash back on all purchases and 2% at gas stations and restaurants on up to $1,000 in combined purchases each quarter. All the cash back you’ve earned will be matched at the end of your first year.
Can I transfer a balance?
With the Discover it® Secured Credit Card, you can transfer a balance as long as you have enough available credit to do so. It can take seven to 14 days to transfer a balance. The Discover it® Secured Credit Card offers a 10.99 percent APR on balance transfers for the first 6 months. After that, the APR varies based on the Prime Rate. It will typically be around 24.99 percent depending on your credit history.
Is there a way to avoid paying interest?
You can avoid paying interest on new purchases if you pay your new balance in full every month. If you don’t pay balances in full, you will earn interest unless you have a promotional 0 percent APR.
What should I do if I’m having financial difficulties?
Discover has a dedicated department for helping people who are having financial troubles due to unemployment, illness, or other factors. You can reach them at 1-800-983-14-12.
Can I use my card overseas?
You can use your card for foreign travel. Make sure to notify Discover about your travel plans, though, so your card isn’t declined. You can call their customer service at 1-800-347-26-83 or log into your Discover online account to notify them.
Let’s assume the balance on your credit card is $5000, your card’s APR is 23%, and your minimum monthly payment in percentage is 100. Your first payment should be $100. Note that this number is expected to change over time.
To pay off your credit card balance in full, it will take you 2442 months. You’ll pay the overall interest of $99510.62. Your total payment will be $104510.62.
Credit Card Minimum Payment Calculator
|Minimum Monthly Payment ($):|
|Months to Payoff:|
By using this calculator you agree to terms and conditions. These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment or financial advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment or deciding on your financial matters. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. We can't take into account potential lender fees, payoff schedule can be longer than in the estimation. Mycreditcards and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Mycreditcards is not responsible for any human or mechanical errors or omissions.
Watch How Do Balance Transfers Credit Cards Work
Before apply for new credit card estimate your potential balance transfer savings