Discover it Secured Review

DISCOVER

Annual FeeNo annual fee
Welcome BonusFirst-year cashback match (see issuer terms)
Credit ProfileDesigned for those with no credit history or rebuilding credit. No credit score is required to apply, but Discover may use credit scores if available. Approval is not guaranteed and depends on the issuer's underwriting criteria.
Foreign FeesSee current issuer terms

You'll be redirected to Discover's website. Review current terms, rates, fees and eligibility requirements before applying.

Pros

No annual fee
Earns cash back on quarterly categories and all other purchases
May be reviewed for upgrade to unsecured card per issuer terms
Reports to all three major credit bureaus
Free FICO score monthly

Cons

Requires a refundable security deposit of $49, $99, or $200 based on creditworthiness, subject to issuer terms and eligibility
Lower credit limits initially

Rewards Breakdown

15% cash back on eligible purchases in rotating quarterly categories, up to the quarterly maximum, when activated
21% cash back on all other purchases
3First-year cashback match

CredNavid Review

The Discover it Secured is a secured credit card that combines credit building with cash back rewards. The card requires a refundable security deposit but charges no annual fee.

Why Secured Cards Exist

Secured cards require a refundable security deposit. For the Discover it Secured, the required deposit is $49, $99, or $200 based on creditworthiness, subject to issuer terms and eligibility, and unlocks a credit line starting at $200. This deposit protects the issuer, making approval possible even for those with no credit history. Discover reports the account to the three major credit bureaus.

Rewards and Cashback Match

The Discover it Secured earns 5% cash back on eligible purchases in rotating quarterly categories (up to the quarterly maximum, when activated) and 1% cash back on all other purchases. New cardmembers also receive an unlimited dollar-for-dollar Cashback Match on all cash back earned during the first year, subject to issuer terms.

The Graduation Path

Discover may review eligible accounts for an upgrade to an unsecured card and return of the security deposit according to its current terms. This does not require you to apply separately. Refer to Discover's current terms for details on the upgrade review process.

Bottom Line

A compelling secured card option for those building credit from scratch. Terms and offers may change. Verify current details directly with the issuer before applying.

Card Details

Full details for Discover it Secured
Annual Fee	No annual fee
Welcome Bonus	First-year cashback match (see issuer terms)
Regular APR	See current issuer terms
Rewards Program	Discover Cash Back
Foreign Transaction Fee	See current issuer terms
Credit Profile	Designed for those with no credit history or rebuilding credit. No credit score is required to apply, but Discover may use credit scores if available. Approval is not guaranteed and depends on the issuer's underwriting criteria.

Have questions about credit cards? Visit our Frequently Asked Questions for general guidance on credit scores, applications, and choosing a card.

Ready to Apply?

Terms and offers may change. Verify current details directly with the issuer before applying.

View Current Offer

You'll be redirected to Discover's website. Review current terms, rates, fees and eligibility requirements before applying.

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