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Discover it® Secured Credit Card
Individuals rebuilding credit or establishing credit history who still want real cash back rewards.
Official Financial Terms & Fees
| Annual Fee | $0 |
| Base Earning Rate | 1% cash back on all purchases |
| Welcome Bonus Offer | Discover automatically matches all the cash back earned in your first 12 months with no limit. |
| Regular APR | 27.74% Variable APR |
| 0% Intro APR Window | Purchases: None Balance Transfers: 10.99% intro APR for 6 months |
| Foreign Transaction Fee | None (0%) |
| Recommended Credit Score | Bad to Fair / No Credit (300-669) |
| Official Bank Disclosure | Official Discover Website ↗ |
✓ Reasons to Choose Discover it® Secured Credit Card
- ✓ No credit score required to apply; helps rebuild credit by reporting to all 3 major credit bureaus
- ✓ Refundable security deposit from $200 establishes your credit line
- ✓ 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter
- ✓ Automatic monthly reviews starting at 7 months to graduate to an unsecured line and return your deposit
✕ Drawbacks to Keep in Mind
- ✕ Requires upfront security deposit equal to your credit limit ($200 minimum)
- ✕ High regular APR makes carrying a balance unadvisable