Sears founded Discover in 1985 and quickly rose through the ranks to become one of the leading credit card issuers. Today, the company offers a wide range of credit card products, ranging from secured credit cards to student credit cards and even rewards.
There are several benefits to applying for a Discover credit card, including cash back and travel rewards. However, if someone applies for too many credit cards within a certain timeframe, some companies will consider them high-risk borrowers and less likely to approve their application. It helps to know what credit card companies are looking for and whether you meet their requirements before applying.
What is the credit score needed for Discover Card?
Discover offers a wide range of credit card products to meet the different needs of different consumers, so there is no single answer to this question. Here are the Discover credit cards applicants should consider based on their credit scores:
Check Out Credit Cards for Bad Credit or No Credit
Lenders consider any credit score below 580 to be poor or bad. Additionally, applicants with no credit history often have difficulty getting approved for credit cards. Discover has an option for these consumers – the Discover it Secured credit card.
Like all secured credit cards, the Discover it secured credit card asks cardholders for a security deposit as security. Those who use their cards responsibly will receive a refund of their security deposit, usually after about a year.
Unlike most secured credit cards, the Discover it Secured credit card has no annual fee and offers rewards. Cardholders earn 2% cash back at gas stations and restaurants and 1% on all other purchases, plus a one-for-one cash back match at the end of their first year of membership .
Discover student credit cards
Student-age applicants with no credit history but with a reliable income may consider the Discover it Student Cash Back credit card.
Student cardholders can earn up to 5% cash back on qualifying purchases and will earn 1% back on all purchases that don’t qualify for higher rewards. There is no annual fee and Discover matches all money earned at a one-to-one rate at the end of the cardholder’s first year as a member.
Good to know
Cardholders with an outdated Discover credit card or those who apply for one and decide they are unhappy with the rewards can take advantage of product exchanges. Cardholders should call Discover and ask what products are available or visit Discover’s online redemption website. Interest rates generally stay the same and cardholders can access the rewards they want.
Explore credit cards for good to excellent credit
Prospective applicants with credit scores of 680 or higher may qualify for one of Discover’s multiple credit card offers. The two best options include:
Discover it Miles Card
The Discover it Miles credit card is the ideal option for applicants who like to travel. The card rewards members with 1.5 miles for every dollar spent; there are no quarterly or annual limits to the rewards they can earn.
Cardholders can redeem miles for travel awards. They can use them to make purchases on Amazon, pay statement credit, or even convert them to PayPal. There is no annual fee and Discover matches cardholder rewards at the end of their first year of membership.
Find out Cash Back Credit Card
The Discover it Cash Back card rewards members with cash back on every purchase. Cardholders can earn up to 5% cash back on qualifying purchases and 1% cash back on all other purchases. Discover matches all charge cardholders earn in their first year of membership as a bonus.
Like all Discover cards, the Discover it Cash Back card has no annual fee and flexible rewards redemption options. Cardholders can personalize their credit cards by choosing one of 25 available card designs.
Applying for too many credit cards in a short period of time can hurt your credit score, so it’s important to know you have a good chance of being approved before you apply.
Discover offers a pre-approval check to give you an idea of whether you’ll be approved for a card. You provide personal information, such as your name, date of birth and income, as well as the type of card you wish to be considered for, and Discover lets you know if you are pre-approved without affecting your score credit.
Discover credit cards are popular options, but potential applicants often have questions. Some of the most common include:
- Is it worth getting a Discover credit card?
- Yes, in most cases. Discover offers a wide range of credit card products to help consumers establish and establish credit and earn attractive rewards.
- Most Discover credit cards offer the added benefits of matching cardholder rewards for their entire first year of membership, with no annual fee and competitive terms.
- Is it difficult to get approved for a Discover Card?
- The difficulty of getting approved for a Discover credit card depends on the credit card requested by the applicant. Some, like the Discover it Secured and Student credit cards, are easy to get, while premium options require more from the applicant.
- Can I get a Discover card with a credit score of 600?
- It is possible to get a Discover card with a credit score of 600, if you apply for the correct card. The Discover it Secured or Student cards both accept applicants with lower credit scores. For a better card, consider starting with the secured card and using it to improve your credit score.
- What credit score is needed to get Discover it?
- For the Discover it Cash Back card, you’ll likely need a credit score of at least 680, although other factors are also considered when applying for a card.
- Can you get a Discover credit card with a fair credit score?
- You can get a Discover credit card with a fair credit score, as long as you apply for the right card. The Discover it Secured card, for example, accepts applicants with lower credit scores as long as they are able to pay a security deposit.
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