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Discover it® Secured Credit Card

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Our rating
Credit range: Bad
Annual Fee: $0
Regular APR: 24.74% Variable
Intro Balance Transfer APR: 10.99% for 6 months

Discover it® Secured Credit Card

Our rating
Bad Credit range
$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 24.74% Variable
Balance Transfer Fee 3% intro balance transfer fee (5% on later balance transfers)
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 26.74% Variable
Cash Advance Fee 5%, $10 minimum
How to Get a Cash Advance with a Credit Card
Discover it® Secured Credit Card

Highlights

  • Double all the cash back you’ve earned in your first year automatically; only for new cardmembers.
  • 2% cash back at restaurants and on gas, up to $1,000 per quarter, then 1%.
  • Free FICO Score 8, based on your TransUnion credit report.
  • 100% U.S.-based customer service.
  • No annual fee. No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won’t raise your APR.
  • Discover monitors purchases for fraud, and you’re never responsible for unauthorized purchases on your Discover card.
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.