Discover it Secured Card Reddit: A Comprehensive Review
In recent years, the Discover it Secured Card has gained significant popularity among credit card users, especially on platforms like Reddit. This article aims to provide a comprehensive review of the Discover it Secured Card, focusing on its features, benefits, and user experiences as discussed on Reddit.
Introduction to Discover it Secured Card
The Discover it Secured Card is a credit card designed for individuals with limited or no credit history. It is a secured card, which means that the cardholder must deposit a cash security deposit to secure the credit line. This deposit is typically equal to the credit limit, and it is returned to the cardholder upon card closure or when the card is upgraded to an unsecured card.
Key Features of Discover it Secured Card
1. Credit Building: One of the primary advantages of the Discover it Secured Card is its ability to help build or rebuild credit. By making timely payments and maintaining a low credit utilization ratio, cardholders can improve their credit scores over time.
2. Cashback Rewards: Discover offers a generous cashback program for both new and existing cardholders. Cardholders can earn 2% cashback at restaurants and gas stations on up to $1,000 in combined purchases each quarter, and 1% cashback on all other purchases.
3. No Annual Fee: The Discover it Secured Card does not have an annual fee, making it an attractive option for those looking to build credit without incurring additional costs.
4. No Foreign Transaction Fees: Cardholders can enjoy the convenience of using their Discover it Secured Card internationally without worrying about foreign transaction fees.
User Experiences on Reddit
Reddit users have shared a variety of experiences with the Discover it Secured Card. Many have praised the card for its helpful customer service, easy-to-use online portal, and the ability to build credit effectively. Here are some common themes:
1. Credit Building: Users have reported significant improvements in their credit scores after using the Discover it Secured Card for a few months. Some have even seen their scores increase by over 100 points.
2. Cashback Rewards: Reddit users appreciate the cashback program, especially the quarterly categories that offer double cashback. They find it a great way to save money on everyday purchases.
3. Customer Service: Several users have expressed satisfaction with Discover’s customer service, describing it as friendly, helpful, and responsive to inquiries.
4. No Annual Fee: The lack of an annual fee is a significant plus for many users, as it allows them to focus on building their credit without worrying about additional costs.
Conclusion
The Discover it Secured Card Reddit community has shared positive experiences with the card, highlighting its benefits for credit building, cashback rewards, and customer service. While the Discover it Secured Card may not be suitable for everyone, it is an excellent option for individuals looking to establish or improve their credit history. As always, it is essential to read the terms and conditions carefully before applying for any credit card.
