Discover It® Secured Credit Card Review
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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, 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.
Our Rating
4.7/5.0
Welcome Offer
N/a
Annual Fee
$0
0% on Purchases
N/a
Reward Rate
1% – 2%
0% on Balance Transfers
N/a
Features & Benefits
| Security | Credit Score Monitoring, EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay, Garmin Pay |
| Benefits | Free credit score access, 24/7 customer service |
| Travel Perks |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | None |
| Regular APR | 28.24% (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 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
- 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
What Are the Best Alternatives?
Secured Chime Credit Builder Visa® Credit Card
Rating
4.5
Rewards Range
N/A
Annual Fee
$0
Capital One Platinum Secured Credit Card
Rating
4.5
Rewards Range
N/A
Annual Fee
$0
Capital One Quicksilver Secured Cash Rewards Credit Card
Rating
4.8
Rewards Range
1.5%
Annual Fee
$0