Discover it® Secured Credit Card
on Discover's website, or call 800-347-0264
Discover it® Secured Credit Card
Card details
No credit score required to apply.*
No Annual Fee, earn cash back, and build your credit with responsible use.
Using your secured credit card helps build a credit history with the three major credit bureaus. Generally, prepaid and debit cards can’t do that.
Establish your credit line with your tax return by providing a refundable security deposit of at least $200. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line. Bank information must be provided when submitting your deposit, and the security deposit equals your credit limit.
Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.*
Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
Rates, fees & offers
Annual fee
$0
Rewards rate
1%-2%
Bonus offer
INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Intro APR
10.99% intro APR on Balance Transfers for 6 months
Ongoing APR
APR: 23.24% Variable APR
Cash Advance APR: 25.24%, Variable
Balance transfer fee
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Foreign transaction fee
None
Recommended credit score
Compare to other cards
| Learn more | ||
Annual fee$0 | Annual fee$0 | Annual fee$0 |
Regular APR26.99% Variable APR | ||
Intro APR10.99% intro APR on Balance Transfers for 6 months | Intro APRN/A | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Rating details
5
Editor's overall rating
Pros and cons
Pros
No annual fee
Reports to the three major credit bureaus
Qualify with limited/bad credit
Earns rewards
New cardholder bonus offer
Cons
Requires minimum deposit
High APR
Like other secured credit cards, the Discover it® Secured Credit Card 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 Credit Card 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: INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
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 Credit Card.
