Card Details

Regular APR:	24.74% (Variable)
Intro APR (Purchases):	0% for 6 months
Intro APR (Balance transfers):	After January 10, 2020 you no longer get: 10.99% intro APR for 6 months from the date of your first balance transfer
Rewards Rate:	Earn 2% Cash Back at gas stations and restaurants on up to $1,000 in purchases each quarter Earn unlimited 1% cash back on all other purchases Discover will match all the cash back you?ve earned at the end of your first year, so your cash back gets doubled
Credit Needed:	(0 – 300) Bad/Limited/No
Annual Fee:	None
Card Brand:	Discover

*See online credit card application for details on the terms and conditions.

Offer Highlights

Click APPLY NOW to apply online
It’s a Real Credit Card: unlike a prepaid or debit card, this is a real credit card that lets you build your credit history with the three major credit bureaus.
Refundable Deposit: your secured credit card requires a refundable security deposit. You choose the deposit amount up to the credit line approved
Earn 2% Cash Back at gas stations and restaurants on up to $1,000 in purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically
We?ll match all of the cash back you’ve earned at the end of your first year, automatically
Easily view your FICO Credit Score on monthly statements, mobile and online for free

Is Discover it Secured worth it?

Discover it Secured is a great card for people looking to build credit and earn cash back on gas and restaurants purchases. Cardholders earn 2% Cash Back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, unlimited 1% cash back on all other purchases, and Discover will match all the cash back you’ve earned at the end of your first year so your cash back gets doubled.

Pros

Build your credit
Monthly reporting to 3 major credit bureaus
No annual fee
Option to upgrade to an unsecured Discover card, where you don’t make a deposit – it’s recommended you make on-time payments for Discover it Secured for 8 months first
Minimum security deposit of $200 is on the low end for secured cards

Cons

High regular APR for a secured card: you would be paying interest at 24.74% APR on a loan you gave yourself

Why 5 Stars?

Regular APR

4 Stars

Intro APR

4 Stars

Fees

5 Stars

Perks

5 Stars

Overall

5 Stars

Fees

Foreign Transaction Fee	None
Balance Transfer Fee	Starting January 10, 2020, you no longer get an intro fee of 3% of the amount of each balance transfer that has posted to your account. It then becomes 5% of the amount of each transfer
Cash Advance Fee	Either $10 or 5% of the amount of each cash advance, whichever is greater
Penalty APR	None

Benefits

$0 Fraud Liability

Get Started with Discover it Secured

Editorial Note: This content is not provided by the issuer. Any opinion, 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 the issuer.

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