Discover it® Secured Credit Card
Build or rebuild your credit with the Discover it® Secured Credit Card, which earns cash back rewards and has no annual fee.
Annual Fee
$0
Top Earning Rate
2% back gas stations
Foreign Tx Fee
None
Rating
N/A
Current Welcome Offer
0 cashback
Card Offers
public
0 cashback
Earning Rates
On up to $1,000 in combined gas station and restaurant purchases each quarter; then 1% cash back.
On up to $1,000 in combined gas station and restaurant purchases each quarter; then 1% cash back.
Unlimited 1% cash back on all other purchases.
Pros & Cons
Pros
- No annual fee
- Cash back rewards including first-year match
- Automatic account review for upgrade starting at 7 months
- No foreign transaction fee
- Free FICO Score 8 access
Cons
- Requires security deposit as credit line
- High standard APR on purchases
- Rewards capped on bonus categories
- Limited Discover network acceptance internationally
Key Takeaways
- Earn 2% cash back at gas stations and restaurants up to $1,000 quarterly combined, 1% elsewhere
- All first-year cash back matched automatically at year-end
- No annual or foreign transaction fees
- Account reviewed for unsecured upgrade starting at 7 months
- Free monthly FICO Score 8 via statement or app
Fees
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Foreign Transaction Fee | 0% |
APR Information
- Purchase APR
- 28.24%
- Balance Transfer APR
- 28.24%
- Cash Advance APR
- 29.99%
APRs shown are variable and may change based on the Prime Rate. Your actual APR will be determined based on your creditworthiness.
Card Benefits
6 benefits (1 strong or better) including 1 hidden gems
Travel Credits
Statement Credits
Lifestyle Benefits
Coverage Tier Legend
Frequently Asked Questions
What is the annual fee for the Discover it® Secured Credit Card?
What are the cash back rewards rates?
What is the Cashback Match benefit?
Does the card charge foreign transaction fees?
How does the account upgrade process work?
What credit score is needed to apply?
Are there any introductory APR offers?
About This Card
This card suits people with poor credit who want to build credit history while earning cash back on gas and restaurant spending. It fits those planning responsible use to qualify for an unsecured upgrade.
The Discover it® Secured Credit Card is designed for people looking to build or rebuild their credit. It requires a refundable security deposit and reports to all three major credit bureaus. Cardholders earn 2% cash back at gas stations and restaurants (on up to $1,000 in combined purchases each quarter) and 1% cash back on all other purchases. Discover automatically matches all cash back earned at the end of the first year with no minimum spend (Cashback Match™). The card has no annual fee and no foreign transaction fee. After 7 months, Discover reviews accounts to determine eligibility to upgrade to an unsecured card.
It stands out among secured cards by offering cash back rewards with a first-year match and a clear upgrade path to an unsecured card after 7 months.
Ready to Decide?
Apply for the Discover it® Secured Credit Card
0 cashback with no annual fee.
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Sources & Methodology
Sources & Methodology
Card details are collected by automated crawlers from official issuer pages, then verified by editorial review.
Last updated:
Pending editorial review.
- 6 of 6 benefits rated high confidence
- 1 of 1 offer verified
Read our full methodology for how we collect, verify, and rate credit cards.
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