Discover it® Secured Credit Card

Discover it® Secured Credit Card

on Discover's website, or call 800-347-0264

Discover it® Secured Credit Card

Discover it® Secured Credit Card

Discover it® Secured Credit Card

on Discover's website, or call 800-347-0264

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Card details

  • No credit score required to apply.

  • No Annual Fee, earn cash back, and build your credit with responsible use.

  • Establish your credit line 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.

  • NEW! Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.

  • 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 terms and conditions.

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: 24.49% Variable APR

    Cash Advance APR: 26.49%, 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

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Learn moreLearn more
Annual fee

$0

Annual fee

$99

Annual fee

$199

Regular APR

24.49% Variable APR

Rates & Fees

Regular APR

16.74%, 20.74% or 25.74%, Variable APR

Rates & Fees

Regular APR

See Terms

Intro APR

10.99% intro APR on Balance Transfers for 6 months

Intro APR

0% intro APR for 15 months on balance transfers made within 45 days of account opening.

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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NerdWallet review

By Virginia C. McGuire

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. Seven 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.