Discover It® Secured Credit Card
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The Discover It® Secured Credit Card offers up to 2% cash back and charges no annual fee. As such, it was one of our top-rated secured credit cards. As with all secured credit cards, you’ll need to put down a security deposit. The minimum deposit is $200, and the deposit equals the credit limit. After seven months, Discover automatically considers you for an unsecured card and it’s possible to earn your deposit back with responsible use. Discover will also match all the cash back you earn in the first year. If you earned $150 in cash back, Discover will match your $150, which is great for a secured card. We dive into the details and your approval odds in this Discover Secured review.
Our Rating
4.0/5.0
Welcome Offer
Unlimited cash back match for your first year
Annual Fee
$0
0% Intro on Purchases
None
Reward Rate
1% – 2% cash back
0% Intro on Balance Transfers
None
Welcome Offer
Get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically.
Editorial Review
Features & Benefits
| Security | Credit Score Monitoring, EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts, Card Lock |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay, Garmin Pay |
| Benefits | Free credit score access, 24/7 customer service |
| Travel Perks | None |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | None |
| Regular APR | 27.74% (V) APR |
What Credit Score Is Required to Get the Discover It® Secured Credit Card
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 527
Average Approved Credit Score: 666
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 02/01/2024 | TransUnion | ||
| Approved | 02/01/2024 | Experian | ||
| Approved | 02/01/2024 | Equifax | ||
| Approved | 12/10/2023 | Experian | ||
| Approved | 08/22/2023 | Experian | ||
| Approved | 08/22/2023 | Equifax | ||
| Approved | 08/22/2023 | TransUnion |
Pros & Cons
- No annual fee
- No foreign transaction fee
- Up to 2% cash back
- Unlimited cash back match the first year
- High APR
What Are the Best Alternatives?
Secured Chime Credit Builder Visa® Credit Card
Rating
4.5
Rewards Range
N/A
Annual Fee
$0
U.S. Bank Cash+® Secured Visa® Card
Rating
3.8
Rewards Range
1% - 5%
Annual Fee
$0
Bank of America® Customized Cash Rewards Secured Credit Card
Rating
3.8
Rewards Range
1% - 3% cash back
Annual Fee
$0