Add cards to start comparing.

Discover it® Secured

Apply Now

on Discover's secure site

Discover it® Secured

 

Rated 5/5 stars by our editorial team

Click the stars to submit your rating.

Thanks for rating!

Your Rating:

5.0/5.0 from 1 Offer Rating
Over the Past 60 Days!

(1) Over the Past 60 Days!

Apply Now

on Discover's secure site


  • Regular Purchase APR

    22.99% Variable

  • Intro Purchase APR

    N/A

  • Intro BT APR

    10.99% for 6 months

  • Typical Credit Needed

    549

    600

    660

    720

    850

  • Annual Fee

    $0

  • Card Brand

    Discover

Highlights

  • No Annual Fee, earn cash back, and build your credit with responsible use.
  • It's a real credit card. You can build a credit history with the three major credit bureaus. Generally, debit and prepaid cards can't help you build a credit history.
  • Establish your credit line by providing a refundable security deposit of at least $200 after being approved. Bank information must be provided when submitting your deposit.
  • Automatic reviews starting at 8 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 is accepted nationwide by 99% of the places that take credit cards.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • See Rates & Fees

Card Fees

  • Foreign Transaction Fee

    None

  • Balance Transfer Fee

    3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

Additional Card Details

  • $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


Expert Reviews

  • Regular APR

    4.0

  • Intro APR

    3.0

  • Fees

    5.0

  • Benefits

    5.0

  • Overall Rating

    5.0 /5

From the LendingTree.com Editorial Team

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 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.

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 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. 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.

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.

Expert Reviews of the Discover it® Secured

  • Regular APR

    4.0

  • Intro APR

    3.0

  • Fees

    5.0

  • Benefits

    5.0

  • Overall Rating

    5.0 /5


Consumer Reviews 1 Reviews

Offer Rating

5.0 out of 5.0

5 Star
 
 
(1)
4 Star
 
 
(0)
3 Star
 
 
(0)
2 Star
 
 
(0)
1 Star
 
 
(0)

Your Rating

There is nothing we value more than the opinions of our customers. We encourage open discussions among all users and hope we can all share advice. Please keep our site clean and safe by following our posting guidelines and please, don’t disclose personal information like your credit card numbers or account information.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

+-2 users submitted a rating without a full review

Sort by:

By: | May 9, 2016

The only secured card I've seen that lets you get cash back. Usually you need muhc better credit than mine to get cash back!

By: | Apr 6, 2016

It is a good card to get u where u want your credit score at.

By: | Apr 6, 2016

looks like a good start plan for credit applicants


gif loader

Back to top