- No Annual Fee, cash back on every purchase, and helps you build your credit with responsible use.
- Your Secured Credit Card requires a refundable security deposit up to the amount we can approve of at least $200 which will establish your credit line. You will need to provide your bank information when submitting your security deposit.
- We will automatically begin reviewing your account starting at 8 months to see if we can transition you to an unsecured line of credit.
- Earn 2% cash back at restaurants & gas stations on up to $1,000 in combined purchases each quarter. Plus, 1% cash back on all your other purchases.
- Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
- New! Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
- Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
APR: 23.99% Variable APR
Cash Advance APR: 25.99%, Variable
- No annual fee
- Reports to the three major credit bureaus
- Offers rewards and a sign-up bonus
- Chance to upgrade to unsecured account after 8 months
- Requires minimum deposit of $200
- Discover cards not widely accepted outside the U.S.
Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
10.99% on Balance Transfers for 6 months
Like other secured credit cards, the Discover it® Secured Card - No Annual Fee requires cardholders to put down a deposit — $200 minimum, in this case. Discover holds the deposit as collateral against money you borrow on the card.
But unlike most other secured cards, the Discover it® Secured Card - No Annual Fee offers rewards. You can earn 2% back on up to $1,000 in combined restaurant and gas station spending per quarter, for as much as $80 a year, and 1% back on all other purchases. The annual fee is $0, and there's a sign-up bonus: Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
One other thing sets this card apart. Eight months after you open the account, Discover will start reviewing your account regularly to see whether you're eligible to transition to an unsecured card with even better rewards. We call that a pretty good deal.
Want to know more? Check out our full review of the Discover it® Secured Card - No Annual Fee.
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