Rated 5/5 stars by our editorial team
Click the stars to submit your rating.
Thanks for rating!
4.5/5.0 from 17 Offer Ratings
Over the Past 60 Days!
Foreign Transaction Fee None
Balance Transfer Fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Penalty APR None
Rewards Rate 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. 1% unlimited cash back on all other purchases.
Annual Fee $0
$0 Fraud Liability Yes
Auto Rental Insurance No
Extended Warranty Program No
Roadside Assistance No
Purchase Protection No
Travel Assistance No
Flight Accident Insurance No
Lost Luggage Reimbursement No
Concierge Service No
The Discover it® Secured 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 card comes with no annual fee, no late fee on your first late payment, 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. Cardholders will also have access to their FICO® credit score for free on their monthly statements and through their online banking. This will allow you to track your progress overtime as you build your credit.
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 every quarter, automatically. 1% unlimited cash back on all other purchases. 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.
This is really a top of the line secured credit card when you consider all of the features and perks. The Discover it® Secured comes with all the tools you need to start building credit, and you get to earn cash back along the way.
Earning cash back with a secured credit card is an incredible perk that you’ll be hard-pressed to find anywhere else. Also, having no annual fee, a free FICO® score and no late fee on your first late payment will really help cardholders get used to using a credit card while they build credit.
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.
17 Total Ratings