Secured credit cards are great options for people who have no credit history, poor credit or need to rebuild their credit, but the benefits of a secured card are limited – offering minimal long-term value.. With a secured credit card, your credit limit is low, typically equal to a security deposit required by the card issuer. With a credit score of 478, you belong to the group of users with an average of 29% approval rate. Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Applied Bank Secured Visa® Gold Preferred® Card, Assent Platinum 0% Intro Rate Mastercard Secured Credit Card, First Progress Platinum Prestige Mastercard® Secured Credit Card, First Progress Platinum Elite Mastercard® Secured Credit Card, First Progress Platinum Select Mastercard® Secured Credit Card, Want to build or rebuild your credit with, Want 2% cash back at gas stations and restaurants, Don’t think they should pay an annual fee to boost their credit score. All other purchases earn 1% cash back, too. They can earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, and they earn unlimited 1% cash back on all other purchases. The Discover it® Secured doesn't have any annual fee. You can learn more about how we make money here. Where are secured credit cards … The Discover it Secured Credit Card requires a minimum security deposit of $200 and a maximum deposit of $2,500. Consider these options instead of a secured credit card. Discover it Secured credit card requires a minimum credit score of 300 or higher. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your deposit amount is always equal to your credit limit, provided Discover deems your creditworthinessand income sufficient to handle your chosen limit. finder.com.au has access to track details from the product issuers listed on our sites. Your credit line will equal the amount of this security deposit. Find out all about the Discover it® Secured - we'll provide you with the latest information and tell you everything you need to know to find your perfect card. Secured credit cards are not an option in Australia. The Discover it Secured is a rewards credit card for individuals who are new to credit, have poor or bad credit, or are rebuilding credit. The Discover secured credit card like any other secured credit card is designed for people who are looking to build or rebuild their credit. We don’t compare all products in the market, but we’re working on it! We compare from a wide set of banks, insurers and product issuers. These credit cards require a deposit and are used to help build your credit history. The Discover it® Secured offers 2% cash back on up to $1,000 in combined purchases at gas stations and restaurants each quarter (then 1%). 2% cash back at restaurants or gas stations on up to $1,000 in combined purchases each quarter. Apply online today. Discover It Secured Card. Here are the key things you'll need to know before your cheese company is ready to start operating. Should You Apply for the Discover It Secured Card? Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Please complete all fields below. Is there anyway I can achieve this in Australia without a secured credit card or something of the like thanks. Password However, we aim to provide information to enable consumers to understand these issues. Acceptance by insurance companies is based on things like occupation, health and lifestyle. Sally McMullen is a creative content producer at Finder. It’s common for bankrupt people to apply for a secured credit card to help improve their credit history. We try to take an open and transparent approach and provide a broad-based comparison service. Fees apply if you don't make your credit card repayments by the due date. I am looking for a bank that will give me a secured credit card, and account, if needed, by using my japanese address. We value our editorial independence and follow editorial guidelines. The Discover it® Secured is a $0 annual fee, high benefits secured credit card that makes building credit not only easy but profitable.. Bear in mind, the Discover it® Secured is an actual credit card. In addition, after the first year of using the card, Discover will match whatever cash you’ve earned which essentially doubles your rewards percentage. All other purchases are 1% cash back. User ID. If you can’t find the information on their website, I would suggest getting in contact with their customer service team directly to follow up your enquiry. Secured credit cards are designed for people with bad credit. Using the card to withdraw money from an ATM will incur interest charges immediately. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria. You can use the Discover It anywhere Discover is accepted worldwide. If your son is over 16 you may like to consider adding him as an additional cardholder to your own credit card if you are a primary cardholder. The ANZ Rewards Platinum Credit Card offers a competitive rewards program, $0 annual fee for the first year, a $500 gift card, a balance transfer offer and a range of complimentary insurance covers. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. The biggest upside to this card is the fact that it has an extremely good rewards program. Credit back when you meet the eligibility requirements and 55 days interest-free on purchases get to earn a 2 cash. It faster with a credit scoring system for banks and lenders to determine how responsible a customer is with finances... An interest-free period if you ’ ll need to know before starting an accounting.! Deposit is held by a wide range of issuers, we aim provide... 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