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Build or rebuild your credit with Discover it® Secured Card.

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Get Your Credit on the Right Track.

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Get Your Credit on the Right Track with Our Secured Card 

Build or rebuild your credit with Discover it® Secured Card. 

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Credit cards allow consumers to pay their balance in full or make a minimum payment and “revolve” a balance to the next month. How consumers manage this process is one of the best indicators of their creditworthiness. It shows how they handle their debt loads and whether they make payments on time.  1 But does a lack of revolving accounts affect your credit score?

Factors That May Influence Credit Scores

The biggest factor used to calculate credit scores is payment history, followed by credit utilization. 2 Creditors want to see a long record of on-time payments. They also want to see how much credit consumers are using at a given time. Are they maxing out their cards and taking a long time to pay down their balances, or are they taking on debts they can easily pay at the end of each month? Payment history and credit utilization make up about two-thirds of your credit score.

A regularly used credit card, where the payments are made on time and the balance is kept relatively low, is a big boost to these factors, and not having it is a deficit.

Getting the Right Mix

Ten percent of one’s credit score is typically weighted by credit mix. 3 Creditors want to see a range of credit lines, including mortgages, auto loans and other types of installment loans, and of course, revolving accounts, to complete the picture.

The bottom line: You’ve got to give credit rating agencies something to score. Managing a credit card balance every month is one of the best ways to do that. 4

Discover it® Secured Credit Card

Build or rebuild your credit with Discover it® Secured Card.

Sponsored

Build or Rebuild Your Credit with Discover it® Secured Card.

Sponsored

Get Your Credit on the Right Track.

Build or rebuild your credit with Discover it® Secured Card.

See Our Secured Card

Sponsored

Get Your Credit on the Right Track with Our Secured Card 

Build or rebuild your credit with Discover it® Secured Card. 

Sponsored

Build or Rebuild Your Credit with Discover it® Secured Card

Get 2% cash back on gas and restaurants with Discover it Chrome for students. Go for it.

Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. The material on this site is not intended to provide legal, investment, or financial advice and does not indicate the availability of any Discover product or service. It does not guarantee that Discover offers or endorses a product or service. For specific advice about your unique circumstances, you may wish to consult a qualified professional.

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  • Discover it® Secured Credit Card

    Build or rebuild your credit with Discover it® Secured Card.

    Sponsored

    Build or Rebuild Your Credit with Discover it® Secured Card.

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    Get Your Credit on the Right Track.

    Build or rebuild your credit with Discover it® Secured Card.

    See Our Secured Card

    Sponsored

    Get Your Credit on the Right Track with Our Secured Card 

    Build or rebuild your credit with Discover it® Secured Card. 

    Sponsored

    Build or Rebuild Your Credit with Discover it® Secured Card

    Get 2% cash back on gas and restaurants with Discover it Chrome for students. Go for it.
Build or rebuild your credit with Discover it Secured Card. More Details.