Discover it® Secured Credit Card
Discover · Discover
4.3/5 RatingBad to Fair (300+)
Key Details
- Annual Fee
- None
- Regular APR
- 28.24%
- Intro APR
- None
- Foreign Transaction Fee
- None
- Balance Transfer Fee
- 3%
- Rewards Rate
- 1%–2% cash back
Sign-Up Bonus
Cashback Match: Discover matches ALL cash back earned in first year
Rewards Structure
- Gas Stations & Restaurants (up to $1,000/quarter)2%
- All Other Purchases1%
Pros
- ✓Earns cash back — rare for secured cards
- ✓First-year Cashback Match doubles rewards
- ✓No annual fee
- ✓Free FICO score
- ✓Automatic review for unsecured upgrade after 8 months
Cons
- ✗Minimum $200 deposit required
- ✗Discover not accepted everywhere
- ✗High APR
Who Should Get This Card?
People building or rebuilding credit who want to earn rewards while doing it. The only secured card with Cashback Match.