Reviewing your current credit score can help you build credit score goals and see how credit actions impact your score. But if you don't have a credit score, rest assured, Discover has credit cards with no credit score required to apply.1
If you are looking for your first credit card, a student credit card or a secured credit card may have different credit requirements than traditional credit cards. Among other criteria, student cards require active student status. Secured cards require a security deposit from your bank account, which secures your credit limit.
Making multiple applications at once for many credit cards may impact your credit score negatively, because the applications will result in hard inquiries placed on your credit report. But applying for credit cards that are built for people with no credit scores may make more sense for someone starting their credit journey.
Responsibly using a new credit card, like paying every bill on time, can help you build credit.2 After you use a secured credit card responsibly for a while, you may be able to upgrade to an unsecured card. With the Discover it® Secured credit card, you can upgrade to an unsecured card after 6 consecutive on-time payments and maintaining good status on all your credit accounts.3
Your credit card company may review your account to see if you qualify to upgrade from a secured credit card to a traditional card. If you have a secured credit card with Discover, you can get your deposit back when you upgrade to an unsecured credit card after six consecutive on-time payments and six months of good status on all your credit accounts.3
Establishing a credit history requires having a credit card or other credit line like a personal loan that reports activity to a credit bureau. Payments you make (or miss) on a Discover credit card and other information will be reported on your credit report to begin building your credit history, where a debit card or prepaid card generally won't report activity to credit bureaus.
Cash back rewards are one of the best benefits of many credit cards. And Discover it® Student Cash Back, Discover it® Student Chrome, and Discover it® Secured all offer cash back rewards on every purchase. Learn more about our cash back program.
Build a budget
Review your free credit report
Learn about credit score factors
Establish U.S. credit history
To help make every credit card monthly payment on time, create a budget for your income to cover expenses including credit card bills. Responsible credit use means budgeting your credit card expenses to make sure you can always make at least your minimum amount due by your due date for each monthly payment.
Annualcreditreport.com requires some basic information like your name and Social Security number and then provides you with one free credit report from each major credit bureau (Equifax, Experian, and TransUnion) every year. Reviewing your credit report can help you confirm that the information reported is accurate, can build credit knowledge and see why lenders may think you have good credit, fair credit, poor credit, or limited credit.
For people immigrating to the U.S. with a limited credit history, establishing personal credit can be challenging, but not impossible. After you have the required documents to apply, a secured credit card or student credit card may help you build a credit history.
People just starting with credit cards will want to focus on credit cards that are for people with no credit history. No credit history is required to apply for a Discover secured credit card1 but you’ll need to provide a refundable security deposit, which will equal your credit line. Student credit cards are also popular with younger users that may not have sufficient credit history to apply for traditional credit cards.
For many credit cards, having no credit history could disqualify you from earning approval. However, as many people need to start their credit journey somewhere, student credit cards and secured credit cards often have different eligibility standards than traditional unsecured cards. There is no credit score required to apply for a Discover it® Secured credit card1 or a Discover student credit card1.
There is no set time for credit card payments to help develop your credit score. As your credit history shows more and more activity reported to the different credit bureaus, your credit score will evolve. Keep in mind, credit bureaus may keep records of missed payments on your report for up to 7 years.
If you are new to the U.S., you may not have any credit history: but be sure to review your credit report, as student loans or other bills may supply some level of credit history.
Look for a secured credit card or see if you're pre-approved for an offer with low eligibility requirements if you can provide a security deposit for the card.
When you've established credit, you may qualify to get your deposit back or access other credit card benefits and services, like a cash advance or balance transfer, depending on the credit card issuer.
Student Credit Cards: Intro purchase APR is x% for x months from date of account opening then the standard purchase APR applies. 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. Standard purchase APR: x% - x% variable, based on your creditworthiness. Cash APR: x% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: x% Intro fee on balances transferred by and up to x% fee for future balance transfers will apply. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. 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.
Secured Credit Card: x% standard variable purchase APR . 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. Cash APR: x% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50 . Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: x% Intro fee on balances transferred by and up to x% fee for future balance transfers will apply. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. 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.
Based on the preceding 12 months of Discover Student credit card application data. 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.
Based on 2020 Discover Secured credit card application data. When we evaluate your creditworthiness, we consider all the information you provide on your application, your credit report which may include your credit score, and other information.
Builds credit with responsible use: Discover reports your credit history to the three major credit bureaus so it can help build your credit if used responsibly. Late payments, delinquencies or other derogatory activity with your other credit card accounts and loans may impact your ability to build credit.
Getting your deposit back: Monthly reviews start your seventh month as a customer. We will refund your security deposit if you have made all payments on time for the last six consecutive billing cycles on all your Discover accounts including any loans, and you've remained in "good status" on all credit accounts you are responsible for whether they are Discover accounts or not. "Good status" means: (1) your credit report shows no delinquencies, charge-offs, repossessions, or bankruptcies for the six months prior to our review; and (2) your Discover secured card is not in a prohibited status at the time of our review, including, but not limited to: closed, revoked, suspended, subject to tax levy, garnishment, deceased, lost/stolen, or fraud. Monthly reviews may be delayed if you change your payment due date. We typically process your refund in 2-3 business days based on your delivery preference. If you close your account and pay in full, we'll return your deposit within two billing cycles plus ten days.
FICO® Credit Score Terms: Your FICO® Credit Score, key factors and other credit information are based on data from TransUnion® and may be different from other credit scores and other credit information provided by different bureaus. This information is intended for and only provided to Primary account holders who have an available score. See Discover.com/FICO about the availability of your score. Your score, key factors and other credit information are available on Discover.com and cardmembers are also provided a score on statements. Customers will see up to a year of recent scores online. Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. This benefit may change or end in the future. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.
If you prefer not to receive your FICO® Credit Score just call us at 1-800-DISCOVER (1-800-347-2683). Please give us two billing cycles to process your request. To learn more, visit Discover.com/FICO.
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