- Sign-Up Bonus
- 1.5
- Spending Multipliers
- 3
- Credits & Features
- 0
- Fees
- 5
- Application
- 5
- Issuer
- NaN
Summary
- Sign-Up Bonus
- 1.5
- Spending Multipliers
- 3
- Credits & Features
- 0
- Fees
- 5
- Application
- 5
- Issuer
- NaN
The Discover it Secured is a standout secured credit card designed for individuals with limited credit history, bad credit, or those rebuilding their credit who want more than just a basic starter card. Unlike many secured cards, it charges no annual fee and earns rewards—2% cash back at gas stations and restaurants (on up to $1,000 in combined purchases each quarter, then 1%) and 1% on all other purchases—making it a smart option for everyday spending while establishing positive payment history. Cardholders may also become eligible to have their security deposit refunded in as little as seven months with responsible use, offering a clear path toward transitioning to an unsecured card. While the $1,000 quarterly cap on the 2% category and standard 1% base rate limit high-reward potential, the Discover it Secured card delivers strong value for credit builders who want cash back rewards, no annual fee, and added peace of mind with free Social Security number alerts.
Pros
Cons
Issuer
Spending Multipliers
Credits & Features
Application
- You are limited to 2 Discover cards
- Avoid applying for additional Discover cards for 1 year
Fees
- No Annual Fee
- Up to $41 late fee
- Up to $30 return payment fee
- 26.49% APR
- 28.24% APR for Cash Advance
- $10 or 5% of each cash advance amount (whichever is greater)
- 26.49% APR for Balance Transfer
- 5% of each transfer amount