Discover It® Secured Credit Card Review

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 $200 minimum security deposit, which will be your 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 match all the cash back you earn in the first year. If you earned $150 in cash back, Discover will pay you $150, which is great for a secured card. We dive into the details and your approval odds in this Discover Secured review.

discover it secured card

Our Rating

4.7/5.0

Welcome Offer

N/a

Annual Fee

$0

0% Intro on Purchases

N/a

Reward Rate

1% – 2%

0% Intro on Balance Transfers

N/a

Editorial Review

Features & Benefits

SecurityCredit Score Monitoring, EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay, Garmin Pay
BenefitsFree credit score access, 24/7 customer service
Travel Perks

Rewards

1% cash back
On all other eligible purchases
Earn unlimited 1% cash back on all your other purchases automatically
2% cash back
Dining
Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter
2% cash back
Gas
Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter

Interest Rates & Fees

Annual Fee$0
Foreign Transaction FeeNone
Regular APR28.24% (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 StatusDateCredit ScoreBureauCredit Limit
Approved02/01/2024
642
TransUnion
$300
Approved02/01/2024
778
Experian
$300
Approved02/01/2024
790
Equifax
$300
Approved12/10/2023
527
Experian
---
Approved08/22/2023
610
Experian
$200
Approved08/22/2023
619
Equifax
$200
Approved08/22/2023
697
TransUnion
$200

Pros & Cons

Pros

  • 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

Cons

  • Minimum $200 security deposit
  • Regular APR is high

What Are the Best Alternatives?

Secured Chime Credit Builder Visa® Credit Card
Secured Chime Credit Builder Visa® Credit Card

Rating

4.5

Rewards Range

N/A

Annual Fee

$0

Capital One Platinum Secured Credit Card
Capital One Platinum Secured Credit Card

Rating

3.5

Rewards Range

N/A

Annual Fee

$0

Capital One Quicksilver Secured Cash Rewards Credit Card
Capital One Quicksilver Secured Cash Rewards Credit Card

Rating

3.8

Rewards Range

1.5%

Annual Fee

$0

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