Is it hard to get a Discover credit card?
WalletHub, Financial Company
If you want to get a Discover® credit card, you may be wondering how hard it is to get approved. Your credit score plays an important role here. The best Discover credit cards are aimed at consumers with FICO® Scores of 670 or above. If you have good or excellent credit, that helps quite a bit.
You can apply and get approved for a credit card within minutes. However, receiving your card in the mail can take 7-10 business days.
Discover is accepted nationwide by 99% of the places that take credit cards.
To apply for a credit card, you need to provide several pieces of personal information, including your annual income. If you're filling out a credit card application, you may be asked for either your gross or net income, so it's important that you know the difference and can give the correct number when asked.
Lower credit score requirements
No credit score is required to apply for Discover it® Student Cash Back, Discover it® Student Chrome, and Discover it® Secured Credit Card. Discover will consider information you include on your application and provided by others to determine your eligibility.
Vendors must sign a merchant agreement (contract) to have payments processed. MasterCard and Visa have blanketed the world with their agreements and reduced fees. Discover, being a much newer company, and American Express, being a more expensive one to do business with, are therefore not as widely accepted.
Common reasons applicants are denied credit cards include low credit scores, no credit history, inadequate ratio of income vs. expenses, and not meeting minimum age requirements. There are alternatives to standard credit cards to consider if you keep getting denied for credit cards.
Visa, one of the biggest differences you'll find is that Discover is both a credit card issuer and a card network while Visa is only a network. Visa is more widely accepted, too, and it has more supplemental benefits as well as more cards to choose from.
Eligibility rules may vary among lenders, so be sure to review what each lender requires. For a Discover personal loan, for example, you must have a minimum individual or household annual income of $25,000 to be considered.
What is the minimum credit score for a Discover it card?
To qualify for the Discover it Miles card, you'll need a good or excellent credit score. Like the Discover it Cash Back, this means you'll want a credit score of 670 or above. However, a greater credit score usually means a greater likelihood of getting approved.
No, there is no minimum income required to get approved for Discover it Cash Back. When it comes to income, what you need to demonstrate is your ability to make at least the minimum monthly payments and to repay any balance you may incur. Moreover, a good credit score or better is required to get this card.
Easy Credit Card: A Contactless Credit Card | Bank of Baroda.
You may need to provide financial information
You don't necessarily need to have a full-time job for your credit card application to be approved, if you can show your ability to make your monthly payments through other income.
Discover provides your FICO® Score 8, which is one of the company's most widely used scoring models, according to FICO. Lenders use several different kinds of FICO® Scores, depending on the type of loan they provide. Discover provides your score from data on your TransUnion® credit report.
Discover may pull from any of three major credit bureaus: Experian, Equifax and TransUnion, but it appears based on consumer-reported data the bank leans heavily on Equifax to source many credit reports, followed by Experian and TransUnion.
The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on all purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card in 2024 gives about 1% back.
Centurion® Card from American Express
A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
Discover offers features worth consideration for nearly every type of card-seeker. Common benefits include: No annual fee: Every tier of Discover credit card comes with no annual fee. First-year unlimited cash-back match: Discover will match all rewards earned in a cardholder's first 12 billing cycles.
Discover card acceptance in the United States
The biggest exception is Costco, which is a Visa-exclusive business.
Is Discover or MasterCard better?
Overall, it's probably best to have a Mastercard in your pocket, especially if you're going to be traveling abroad frequently. But if you only plan to use your card within the U.S., a Discover card will work just fine, as it benefits from 99% nationwide acceptance.
The easiest credit card to get approved for is the OpenSky® Plus Secured Visa® Credit Card because there's no credit check for new applicants. The card has a $0 annual fee and easy-to-satisfy approval requirements that allow you to start building credit history right away, even with bad credit or no credit at all.
If you would prefer to speak to a Discover representative by phone, you can call Discover on 1-800-347-2683. After providing similar identifying information to the online form, a representative will be happy to tell you the status of your application.
Yes, you can have two Discover cards. But Discover does not allow you to have more than two of its cards open at the same time. You're also limited to one new Discover card per year, so make sure you have the first Discover card for at least that long before you apply for a second.
The four major credit card networks are Mastercard, Visa, American Express and Discover.
