Reviews
Trusted & Secure
Empowering over
50,000,000 card holders
Since 2005
- Regular Purchase APR 28.24% Variable APR
- Intro Purchase APR N/A
- Intro BT APR 10.99% Intro APR for 6 months
- Annual Fee $0
- Credit Needed Poor/Limited
- Card Brand Discover
- Regular Purchase APR 28.24% Variable APR
- Intro Purchase APR N/A
- Intro BT APR 10.99% Intro APR for 6 months
- Annual Fee $0
- Credit Needed Poor/Limited
- Card Brand Discover
Highlights
- No credit score required to apply.
- No Annual Fee, earn cash back, and build your credit history
- Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
- Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
- Click through to Discover’s website to see terms and conditions.
Card Fees
None
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
see terms
None
Ongoing Information
2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically
$0
Additional Card Details
Yes
No
No
No
No
No
No
No
No
Expert Reviews
From the CompareCards.com Editorial Team, updated on Sep 08, 2023
The Discover it® Secured Credit Card is an excellent option for consumers who are trying to build credit for the first time or rebuild their credit. Since secured cards are typically only used by consumers who are considered high risk, they usually come with high fees and no rewards. But that’s not the case with this card - in fact, this new product comes with some incredible features that you won’t find on any other secured credit card!
First off, the Discover it® Secured Credit Card comes with no annual fee, no late fee on your first late payment (up to $41 after that), and no increase to your APR for paying late. These features are extremely helpful for consumers who are just getting used to using a credit card for the first time.
Perhaps the coolest feature of this secured card is that it offers cash back rewards with all of your purchases. This is extremely rare among cards for people with low credit scores, and the rewards rate is actually quite generous. Cardholders earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically. When you bundle all of these great perks with the award-winning customer service that accompanies all Discover cards, you have a winning combination for consumers looking to build their credit.
Expert Reviews of the Discover it® Secured Credit Card
The Bottom Line
This is really a top of the line secured credit card when you consider all of the features and perks. The Discover it® Secured Credit Card comes with all the tools you need to start building credit, and you get to earn cash back along the way.
The Good
Earning cash back with a secured credit card is an incredible perk that you’ll be hard-pressed to find anywhere else.
The Not so Good
Since it’s a Discover card, it might not be accepted at every single retailer you visit.
Editorial Note: This content is not provided by Discover. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Discover.
Consumer Reviews
OFFER RATING
/5.0
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- ¹ Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
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