Discover It Secured Credit Card

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—5% cash back on rotating quarterly categories (up to $1,500 in purchases each quarter, then 1%) and 1% on all other purchases—making it a smart option for anyone who is willing to track and active bonus categories to maximize rewards 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 $1,500 quarterly cap on the 5% 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.

Issuer

Discover, originating as a Sears subsidiary in 1985, transitioned to an independent entity in 1993, briefly merging with Morgan Stanley in 1997 before becoming an independent company again in 2006 and being acquired by Capital One in 2025. Pioneering technology, Discover introduced online applications, bill pay, and rewards in 1995, later venturing into mobile payments in 2010. Operating the world's 3rd largest payment network, Discover has a diverse product range, offering credit cards, checking and savings accounts, CDs, personal, student, and mortgage loans. Targeting younger customers, particularly college students with minimal credit history, Discover is recognized for financial stability, boasting approximately $148 billion in assets and $18 billion in annual revenue in 2024. Committed to innovation, Discover has invested in technology throughout its history. Emphasizing corporate social responsibility, the company aims for a more equitable and sustainable world, pledging to cut greenhouse gas emissions by 50% by 2030. Engaging in various partnerships, including UnionPay, JCB, BCcard, PayPal, and sports sponsorships like the Orange Bowl and the NHL, Discover provides accessibility through a vast network of ATMs, totaling over 415,000 nationwide. Guided by values like doing the right thing, innovation, and collaboration, Discover, an equal housing lender, prioritizes regulatory compliance as an FDIC member.

Spending Multipliers

Credits & Features