Discover offers a variety of credit cards with different credit score requirements. Learn more about what credit score you need for a Discover Card.
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Discover Card Requirements
To qualify for a Discover card, you will need a good to excellent credit score. Discover cards are known for their cash back rewards and 0% APR promotional financing offers. If you’re looking to transfer a balance from another card, you may be able to get a 0% intro APR for up to 18 months. Discover also offers a variety of cards with no annual fee.
Minimum Credit Score
To qualify for a Discover Card, you will need a credit score of at least 630. This is on the lower end of average when it comes to credit card approval requirements. It is possible to get approved for a Discover Card with a score below 630, but your chances are not as good. If you have a score below 630, you may want to focus on building your credit before applying for a Discover Card.
If you have a score of 630 or above, you have a good chance of being approved for a Discover Card. However, there are other factors that will be considered when your application is reviewed. In addition to your credit score, Discover will look at your credit history, employment history, and income. If you have a strong overall financial profile, you will have an even better chance of being approved for a Discover Card.
In order to be eligible for a Discover card, you will need to have a good to excellent credit score. Discover defines “good” credit as a score of 640-699, “fair” as a score of 580-639, and “poor” as anything below 579. If you have bad credit, you will not be able to get a Discover card.
There are a few other requirements that you will need to meet in order to be eligible for a Discover card. You must be at least 18 years old and a legal resident of the United States with a valid Social Security number. You will also need to have a verifiable source of income.
If you meet all of the eligibility requirements, you can apply for a Discover card online or over the phone.
How to Apply for a Discover Card
Having a good credit score is important if you want to get approved for a Discover card. Discover cards are known for having good rewards programs and low interest rates. If you’re interested in applying for a Discover card, you’ll need to have a good credit score.
To apply for a Discover Card, you’ll need to provide some personal information, including your name, address, date of birth, social security number and income. You’ll also need to provide information about your current employment situation. After you’ve gathered all the required information, you can complete the online application in just a few minutes.
If you’re approved for a Discover Card, you’ll receive an introductory APR of 0% on purchases and balance transfers for 14 months. You’ll also earn cash back on every purchase you make with your new card. DiscoverCard offers one of the most generous cash back programs available, so you can save money on the things you already buy.
To get started with your application, you’ll need to gather a few things. Discover requires that you be a U.S. citizen or permanent resident in order to apply, and you’ll need to have a valid Social Security number. You’ll also need to provide your contact information, including your email address and phone number. Finally, you’ll need to supply some financial information, such as your total annual income and the amount of any outstanding debts you may have.
Advantages of a Discover Card
A Discover Card can offer you many benefits, including a high credit limit, a 0% APR introductory offer, and cash back rewards. You can also get your credit score for free with a Discover Card. In order to get a Discover Card, you will need a credit score of at least 670.
Cash Back Rewards
Discover offers a cash back program where you can earn rewards on your everyday purchases. There are no limits to the amount of cash back you can earn, and your rewards never expire. You can redeem your cash back for any amount, any time. You can also choose to receive a statement credit or direct deposit into your checking or savings account.
No Annual Fee
One of the great advantages of having a Discover Card is that there is no annual fee. This can save you a significant amount of money each year, especially if you have multiple credit cards. In addition, Discover Card offers a variety of cash back and rewards programs that can save you money on your everyday purchases.
Discover is well-known for its strong fraud protection policies. In fact, Discover was the first credit card company to offer $0 liability for fraudulent charges. This means that if your Discover card is lost or stolen, you won’t be responsible for any unauthorized charges. Discover also offers real-time alerts to help you detect and prevent fraud.
Disadvantages of a Discover Card
There are a few disadvantages of having a Discover Card. One is that you need a good credit score to qualify for the card. Another is that the card has a high APR. The Discover Card also has a few foreign transaction fees.
Foreign Transaction Fee
The Discover it® Miles card charges a 3% foreign transaction fee on all transactions made in a currency other than U.S. dollars. This is a common fee among Discover cards, but it is higher than what most other issuers charge. If you travel internationally often, you may want to consider a card that doesn’t charge this fee, such as the Chase Sapphire Preferred® Card.
Late Payment Fee
If you’re ever late on a payment, you’ll be charged a fee of up to $40. That’s high compared with other cards that charge up to $37 or none at all.