Discover it® Secured Credit Card Review | CompareCredit

Discover it® Secured Credit Card Review

By Thomas Donaldson

Discover it® Secured Credit Card

(181 reviews)

Apply Now

on Discover's secure site

  • 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.
  • Discover will match all the cash back you’ve earned at the end of your first year
  • It's a real credit card – build a credit history with the three major credit bureaus
  • $0
  • New, Rebuilding
  • Discover
Product Details
  • Click "APPLY NOW" to apply online
  • 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 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.
  • 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.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score
  • 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.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.

Our Expert Review

Why We Like It


Offer Rating

5/ 5

By Our Editorial Team

Key Benefit

Earn cash back with every purchase while you build your credit – all with no annual fee!

Compare Credit logomarkEditor

If you are new to credit or trying to rebuild your credit score, a secured credit card is often a good place to start. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit in order to get approved. As you use your card to make purchases and pay them off on time, your credit score should go up. When it's time to close your secured card account, you will get your security deposit back in full as long as your balance has been paid off.

For anyone in the market for a secured credit card, the Discover it® Secured Credit Card card is an excellent option. What really makes this card stand out among other secured cards is that it comes with a cash back rewards program. 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. On top of that, Discover will match all the cash back you’ve earned at the end of your first year.

It's rare to find a rewards program on a card for people who are new to credit or rebuilding credit, so if you're looking to earn cash back on purchases while you build credit the Discover it® Secured Credit Card card is a great option. This card also comes with no annual fee, no foreign transaction fees and cardholders will enjoy 100% U.S. based customer service and a free Credit Scorecard with your FICO® Credit Score.

Pros & Cons

Pros

  • One of the only cards offering cash back for people who are new to credit or rebuilding credit
  • Discover will match all the cash back you’ve earned at the end of your first year
  • No annual fee, no foreign transaction fees and award-winning customer service

Cons

  • You have to put down a security deposit to receive your card, but that's normal for secured cards
  • There is a quarterly cap on the 2% cash back

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