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Resources > Identity Protection > Discover Identity Theft Protection—A Comprehensive Review

Discover Identity Theft Protection—A Comprehensive Review

With advancements in technology making our lives increasingly digitally interconnected, the risk of falling victim to identity theft has only increased. According to the Federal Trade Commission (FTC), 2022 alone saw over 1.1 million reported cases of identity theft in the U.S. These alarming statistics highlight the need to safeguard personal information from potential threats, and various ID protection services offer incredible monitoring and detection services to protect your identity. In this guide, we’ll take an in-depth look at Discover Identity Theft Protection, including how it stacks up against other leading identity theft protection services and what you can expect from your coverage.

Discover Identity Theft Protection Review—What Is Included?

Discover Identity Theft Protection is a comprehensive service that offers a range of features to help protect your personal and financial information from the ever-evolving threats of identity theft. Here’s an overview of what’s included in this service:

  • Credit monitoring—Discover closely monitors your credit report and provides you with alerts if any new accounts, inquiries, or anomalies are detected. This allows you to quickly respond to suspicious activity and take the necessary steps to mitigate potential damage
  • Social Security number (SSN) monitoring—Discover monitors the dark web and other sources to check if your SSN is being sold illegally. If any suspicious activity is found, you’ll receive alerts so you can take immediate action
  • Experian credit report—As part of the service, Discover provides you with access to your Experian credit report, which you can review to ensure the accuracy of your information and identify any potential signs of identity theft
  • Identity restoration—If your identity is compromised, Discover’s identity restoration team will provide expert guidance and assistance. They’ll help you navigate the process of reclaiming your identity and restoring your credit. Phone support is available from 7 a.m. to 9 p.m. CT Monday through Saturday and 8 a.m. to 8 p.m. CT Sunday
  • Identity theft insurance—Discover provides the industry standard of up to $1,000,000 in insurance coverage for eligible losses due to identity theft. This can include legal expenses, reimbursement of stolen funds, lost wages, and other costs
  • Child identity theft protection—Every Discover account includes protection for up to ten children, including dark web alerts, Experian alerts, and coverage of its identity theft insurance and remediation services

In addition to these services, every Discover card has extra security measures, such as:

  1. Daily scans of your Experian credit file to notify you of potentially suspicious actions, such as the creation of new credit accounts, alterations to your credit history, or unfamiliar credit inquiries
  2. Regular dark web scans to check if your SSN is being sold illegally

Discover card members can also easily access their FICO credit score anytime through their online account. The swift alert system will notify you if there are any attempts by scammers to harm your credit.

Discover Identity Theft Protection Pros and Cons

While it offers useful features, Discover’s ID protection service also has its downsides. Here’s an overview of each:

Inclusion of children—The fact that children are covered in every plan is a significant advantage, as many identity theft protection services charge extra for child coverage
Three-bureau credit monitoring—The standard inclusion of three-bureau credit monitoring helps users keep a close watch on their credit reports and detect any suspicious activity promptly
Identity theft insurance—Discover typically includes identity theft insurance, which can provide financial protection in case you become a victim of identity theft
Remediation services—Discover offers assistance and support in case you do become a victim of identity theft, helping you navigate the process of restoring your identity and credit
Limited coverage—Discover monitors limited amounts of personal information compared to other services. For instance, it doesn’t offer full-service white-glove concierge credit restoration 
Cost—While some basic identity theft protection services may be included with your Discover card, more comprehensive protection may come at an additional cost 
Lack of public data on alert speed or reliability—Information regarding the speed and reliability of Discover’s alert system may not be publicly available, making it difficult to assess how quickly you’d be notified in case of suspicious activity
Enrollment is possible if you are an existing customer—Availing of Discover’s identity theft protection services typically requires you to be an existing Discover customer, which may limit the accessibility for those who don’t have a Discover account

Discover Identity Theft Protection Pricing

Discover Identity Theft Protection is priced at $15 per month for each user. If you wish to extend protection to a spouse or an elderly family member, each individual will need to pay a monthly fee of $15. As a result, the costs can accumulate significantly if you intend to safeguard more than just yourself. Here’s an overview of the monthly expenses you can expect for Discover Identity Theft Protection:

Users CoveredCost

How To Cancel Discover Identity Theft Protection

Discover’s Identity Theft Protection is a subscription service billed on a monthly basis, which means you have the flexibility to cancel it at any time without incurring charges for subsequent months. If you decide to cancel, you’ll receive a prorated refund for the portion of the month during which you didn’t use the service.

To initiate the cancellation process for Discover Identity Theft Protection, you have two primary options:

  1. Reach out to customer support by dialing 1-800-347-3089 and request the cancellation of your service
  2. Access your account center and proceed to cancel the service through the online platform

Upon successfully canceling the service, you’ll no longer be billed for ID theft protection. However, it’s worth noting that Discover’s privacy statement indicates that they may continue to share your personal information for marketing and routine business purposes. The information they collect and share includes:

  • SSN and account balances
  • Credit scores and payment history
  • Credit history and credit card or other debt

If you have inquiries regarding Discover’s data collection and sharing policies, you can get in touch with them at 1-800-347-7552.

Is Discover Identity Theft Protection Worth It?

Discover Identity Theft Protection offers a comprehensive set of features for safeguarding personal information and finances, including child protection, SSN alerts, credit monitoring, and up to $1 million identity theft insurance. However, it focuses mainly on monitoring and response, lacking proactive prevention measures like credit locks and digital security tools. At $15 per month per user, the service is relatively expensive compared to other popular offerings in the market.

If you value thorough monitoring and real-time alerts along with the peace of mind of identity theft insurance, it can be a valuable service. However, if you’re looking for more affordable identity theft prevention services that still offer a comprehensive set of features and a proactive approach, you may want to explore other options more suited to your preferences—like FreeKick.

FreeKick—Comprehensive Identity Protection Service for Your Whole Family (Coming Soon)

Offered by Austin Capital Bank, FreeKick provides comprehensive identity monitoring for your whole family, including up to two parents and six children aged 0–25. It combines a regular deposit account insured by the FDIC up to $250,000 with features designed to help protect your family’s identities and build a strong credit history for your child.

Identity Protection Services

Considering a child’s identity is stolen every 30 seconds, FreeKick will give you the peace of mind that your child’s identity is secure through its suite of features that cater to minors, adult children, and parents. Here’s what you get with every FreeKick account:

Services for Adult Children and ParentsServices for Minor Children
Credit profile monitoring
Social Security number monitoring
Dark web monitoring for personal information
Up to $1 million identity theft insurance
Full-service white-glove concierge credit restoration
Lost wallet protection
Court records monitoring
Change of address monitoring
Non-credit (Payday) loan monitoring
Free FICO® Score monthly
FICO® Score factors
Experian credit report monthly
Credit profile monitoring
Social Security number monitoring
Dark web monitoring for children’s personal information
Up to $1 million identity theft insurance
Full-service white-glove concierge credit restoration
Sex offender monitoring—based on sponsor parent’s address

Parent-Sponsored Credit Building

In addition to safeguarding your family’s personal information, FreeKick also helps establish a good credit history for your children aged 14 to 25. A good credit score can save your child over $200,000 during their life, so it’s crucial to start building their credit early.

Creating an account with FreeKick is easy. Here’s how it works:

  1. Create an Account—Visit FreeKick.bank and choose a plan that fits your budget to activate your account. From your accounts dashboard, you can initiate your child’s credit building once your child reaches the age of 14. If they’re not legal adults, their credit won’t be reported immediately, as credit bureaus don’t allow reporting for minors. Upon reaching legal age, your child can enable credit reporting, and FreeKick will automatically report their credit information to the three major consumer credit bureaus—Equifax, Experian, and TransUnion
  1. Set It and Forget It—After activating your account, FreeKick creates a 12-month credit history for your child by providing a no-interest credit-builder loan that’s repaid using the deposit
  2. Keep Growing—After the 12-month term, you can renew your account for another term or terminate it and receive a 100% refund of your initial deposit

FreeKick Pricing

FreeKick provides different family identity protection plans to fit your family’s needs and budget—and both of them offer credit building for up to six children aged 14–25.

FDIC-Insured Deposit AmountCost
$3,000$0 (Free)

Safeguard your family’s personal information with premier identity theft protection features, all while establishing a strong credit history for your children—sign up for FreeKick today.