Pros & Cons
- No annual fee
- 1% cash back on everyday purchases
- 2% cash back on gas stations and dining up to $1,000 every quarter
- Helps build credit with all major credit bureaus
- No foreign transaction fees
- Minimum $200 security deposit
- Regular APR is high
Interest Rates & Fees
|Foreign Transaction Fee||$0|
|Regular APR||27.24% (V) APR|
The Discover It® Secured Credit Card is a top rated secured credit card. It offers 1% cash back on all purchases, and 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter. This card requires a minimum security deposit of $200, but does come with a $0 annual fee.
In addition, after 8 months, Discover automatically reviews your account each month to see if you qualify to convert to a standard, unsecured card and get your deposit back.
What Credit Score is Required to Get the
Based on data we’ve collected from public forums, a credit score of 690 or higher is ideal. We have seen an approval with a score as low as 672, but keep in mind that credit card issuers consider more than just your credit score when evaluating a credit card application.
|App Status||Date||Credit Score||Bureau||Credit Limit|
What are the best alternatives?
Chime Credit Builder Secured Visa® Credit Card
Capital One Platinum Secured
Capital One Quicksilver Secured Cash Rewards Credit Card
Is the Discover it Secured Card a good credit card?
Yes. It is one of the top rated secured cards available today. It offers cash back rewards, free FICO score access, and no annual fee.
What is the minimum security deposit required for the Discover it Secured card?
The minimum security deposit, which sets the credit limit, is $200. The maximum credit limit is $2,500.
Can the Discover it Secured card help me improve my credit score?
Yes. Discover reports payments and balances to the 3 major credit bureaus. Making payments on time can help boost your score. Discover also gives you free access to your FICO score.