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Discover it® Secured

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If you’re looking to repair or build credit, you’d be hard-pressed to find a more rewarding secured credit card than the Discover it Secured. You’ll earn 2% cash back on gas and dining, and for your first year, Discover will double what you earn.

Our rating
Min. credit level: Bad
Annual Fee: $0
Regular APR: 24.49% Variable
Intro Balance Transfer APR: 10.99% for 6 months

Discover it® Secured

Our rating
Bad Min. credit level
$0 Annual Fee
Apply Now Read our Review

Highlights & Features

Rewards

  • 2% cash back on up to $1,000 in purchases per quarter (then 1%), at:
    • Restaurants
    • Gas Stations
  • 1% cash back on all other purchases

INTRODUCTORY BONUS

Cashback Match: Double the cash back earned in the first year; awarded at the end of the first year

Balance Transfers

A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.

Intro Balance Transfer APR 10.99% for 6 months
Regular Balance Transfer APR 24.49% Variable
Balance Transfer Fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
How to Transfer a Balance on a Credit Card

Fees

Penalty APR N/A
Late Fee $0 the first time; up to $39 after that
Returned Payment Fee Up to $39
Additional Cards Annual Fee N/A
Foreign Transaction Fee None
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR 26.49% Variable
Cash Advance Fee N/A
How to Get a Cash Advance with a Credit Card
Discover it® Secured

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.
  • 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score
  • INTRO OFFER: We automatically match all the cash back you’ve earned at the end of your first year.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
ABOUT THE ISSUER

Discover

Discover has several card types depending on your needs.

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Speak to Customer Service

1-800-347-3085 or

Try a different phone number
See all Issuer Cards

The Discover it Secured Credit Card is one of the better secured cards on the market. This card reports to all three credit bureaus, so as long as you use it responsibly it can help you improve your credit.

You’ll get an excellent amount of cash back for a secured card, especially because Discover will double what you earn in your first year. There’s no annual fee, and you’ll be able to check your FICO Score 8 any time you’d like to see how you’re improving.

Cardholders get 2% cash back at restaurants and gas stations, on up to $1,000 in spending per quarter (then 1%). This may not seem like much, but it’s a good rate when it comes to secured cards, which are designed for people with poor or limited credit.

Discover now offers a free credit monitoring service to anyone, even if you’re not a cardholder.