![]() Discover will determine your maximum credit limit by your income and ability to pay.īuilds credit with responsible use: Discover reports your credit history to the three major credit bureaus so it can help build/rebuild your credit if used responsibly. Minimum Security Deposit: If approved, you must make a minimum security deposit of $200 (or more, in increments of $100 up to $2,500), which will equal your requested credit limit. If you have a credit score, we may use that in our evaluation. When we evaluate your creditworthiness, we consider all the information you provide on your application, your credit report, and other information. You must meet other applicable underwriting criteria. When we evaluate your creditworthiness we consider all the information you provide on your application, your credit report, which includes your credit score if applicable, and other information.īased on 2022 Discover it Secured credit card application data, applicants without a credit score may qualify. No Credit: Based on the preceding 12 months of Discover Student credit card application data. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment. We will apply payments at our discretion, including in a manner most favorable or convenient for us. Balance transfer fee: x% Intro fee on balances transferred by and up to x% fee for future balance transfers will apply. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. ![]() Variable APRs will vary with the market based on the Prime Rate. ![]() Standard purchase APR: x% - x% variable, based on your creditworthiness. Intro Balance Transfer APR is x% for x months from date of first transfer, for transfers under this offer that post to your account by then the standard purchase APR applies. Intro purchase APR is x% for x months from date of account opening then the standard purchase APR applies. Secured Credit Card: Discover it ® Secured credit card Student Credit Cards: Discover it Student ® Cash Back, Student Chrome Card Learn more at /digitalwallets. See Cashback Bonus Program Terms and Conditions for more information. Certain third-party payment accounts and digital wallet transactions may not earn 2% if the technology does not provide sufficient transaction details or a qualifying MCC. Discover Card does not assign MCCs to merchants. Merchants and payment processors are assigned an MCC based on their typical products and services. Even if a purchase appears to fit in a 2% category, the merchant may not have a merchant category code (MCC) in that category. Rewards are added to your account within two billing periods. For online purchases, the transaction date from the merchant may be the date when the item ships. ![]() To qualify for 2%, the purchase transaction date must be before or on the last day of the offer or promotion. Purchases must be made with merchants in the U.S. Restaurant purchases include those made at merchants classified as full-service restaurants, cafes, cafeterias, fast-food locations, and restaurant delivery services. Gas Stations affiliated with supermarkets, supercenters, and wholesale clubs may not be eligible. Gas Station purchases include those made at merchants classified as places that sell automotive gasoline that can be bought at the pump or inside the station, and some public electric vehicle charging stations. Purchases at Gas Stations and Restaurants over the quarterly cap, and all other purchases, earn 1% cash back. Calendar quarters begin January 1, April 1, July 1, and October 1. †† You earn a full 2% Cashback Bonus ® on your first $1000 in combined purchases at Gas Stations (stand-alone), and Restaurants each calendar quarter.
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