By providing an added layer of security through a refundable security deposit, the Discover It® Secured Credit Card operates a conventional credit card. When you get this card, you should provide a security deposit. This sets the foundation for your credit line, and the minimum amount is $200. Subsequently, you may utilize the card for transactions, with your payment behavior reported to major credit bureaus, facilitating the gradual construction of your credit profile.

After seven months of responsible credit management, Discover begins automatic monthly account reviews to determine if you qualify for an upgrade. This involves progressing to an 'unsecured' card. This way, it’ll facilitate the return of your security deposit. These evaluations are predicated on your comprehensive credit management across all credit cards and loans, encompassing both Discover and other entities.

Discover's acceptance extends nationwide, encompassing 99% of establishments that accept credit cards. This wide acceptance grants cardholders unparalleled convenience and flexibility, enabling them to utilize their card for everyday purchases, travel expenses, or unforeseen emergencies with ease.

Yes, it’s possible. There's an introductory fee of 3% of the amount of each transfer for transfers that post to your account within a specified period, along with an introductory APR offer for a limited time. Upon the conclusion of the introductory period, a customary fee and APR will be enforced.