Discover it® Secured

Discover it® Secured
  • 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 from $200-$2500 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.
  • We automatically match all the cash back you’ve earned at the end of your first year.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.

Nav's Verdict

Cost
60% Complete
HighLow
Effort to Apply
10% Complete
DifficultEasy
Card Perks
40% Complete
PoorGood
Features
40% Complete
PoorGood

6/10

Bottom Line

Very few secured cards offer rewards on expenses. If you have poor or no credit, this secured card is a great way to build your credit with responsible use, while earning rewards.

Pros

No annual fee. Rewards on spending. Potential to move to an unsecured credit card with responsible use.

Cons

Must secure your credit limit with a security deposit. High APR.

Rates and Fees
Intro APR
N/A
Purchase APR
24.99% Variable
Annual Fee
$0
Welcome Offer
N/A
Rewards Rate
2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter and 1% unlimited cash back on all other purchases.
Foreign Transaction Fee
N/A

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