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 of at least $200 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
INTRO OFFER: We automatically match all the cash back you've earned at the end of your first year.
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Rates, fees & offers
Discover will automatically match all the cash back you’ve earned at the end of your first year.
10.99% on Balance Transfers for 6 months
APR: 25.24% Variable APR
Cash Advance APR: 27.24%, Variable
Balance transfer fee
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Foreign transaction fee
Recommended credit score
Not sure which card is best for you?
Editor's overall rating
Pros and cons
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.
Like other secured credit cards, the Discover it® Secured 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 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: Discover will automatically match all the cash back you’ve earned at the end of your first year.
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.
NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.