Discover has a large roster of popular credit cards. If you’re thinking of applying for one, then you probably want to know the required credit score for a Discover credit card.
Like every credit card company, Discover looks at many different factors during a credit card application. There’s no set credit score for a Discover credit card, because your full credit history and financial profile matter.
There are, however, suggested credit scores for Discover credit cards. With this information, you can pick out a Discover card where you’ll have a strong chance of being approved.
What credit score do I need for a Discover credit card?
You can get a Discover credit card with any credit score or even no credit history at all. Discover has credit card options to fit every consumer.
If you have bad credit or no credit history, you could get a secured card with Discover. For students with limited or no credit history, Discover offers student credit cards. Good credit, on the other hand, will qualify you for the best Discover credit cards.
To help you pick a card, here are the Discover credit cards you can choose from based on your credit situation.
Bad credit or no credit history
Discover has one secured credit card, the Discover it® Secured Credit Card, for consumers who need to build or rebuild their credit. This is one example of when there’s no minimum credit score for a Discover card. Since this is a secured card, you will need to pay a security deposit to open it. You can choose an amount beginning at $200, and that will also be your starting credit limit.
While you’ll need some cash upfront to get the Discover it® Secured Credit Card, this card can graduate to an unsecured card. That means Discover upgrades your card and refunds your deposit.
Good to excellent credit
You’ll likely qualify for any Discover card if you have good or excellent credit. To clarify, a good credit score is a FICO® Score of 670 or above.
In this case, it makes sense to go for one of the most valuable Discover credit cards. These are:
Students building credit
Discover has two student credit cards aimed at students who haven’t built up much of a credit report yet. You can get one of these cards even if you lack any credit history. Discover’s student cards are:
Checking if you’re pre-approved
One simple way to figure out which Discover cards match your financial profile is by using the card issuer’s pre-approval tool. It only requires a soft credit check, which has no effect on your credit score. Instead of figuring out the credit score for a Discover card, this tool can show you which Discover card fits your credit score.
Here’s how to check if you’re pre-approved for a Discover credit card:
- From the Discover site, click “All Products,” “Credit Cards,” and then “See if You’re Pre-approved.”
- Fill out the pre-approval form.
- Click “Check Now” to see your results.
Discover pre-approval doesn’t mean you’re guaranteed to be approved, but it does mean there’s a high probability that you could get those cards.
Applying for a Discover credit card
The right credit score for a Discover credit card will all depend on which Discover card you choose. Once you’ve found one that works with your credit score or picked one using Discover’s pre-approval tool, you can apply for it.
If you’re not sure how to start, here’s how to apply for a credit card: Click “Apply Now” on the card’s page to start your application. Fill out the application; the process only takes a few minutes. Many applicants receive a decision quickly.
View more information: https://www.fool.com/the-ascent/credit-cards/credit-score-for-discover-credit-card/