The Ultimate Guide to Credit Cards
Sunday, January 29, 2023

Discover it® Secured Credit Card

► 2023 Review, Application & Rates

"Since this is a secured card, applicants must deposit $200 or more to secure a credit line. Still, it's a solid option for those with bad credit, as it features a cash back rate and no annual fee."
- Toby Sembower,
Advertiser Disclosure
Discover it® Secured Credit Card Review

at Discover Card'ssecure website

BEST OVERALL RATING

★★★★

4.0

OVERALL RATING

  • No credit score required to apply.
  • No Annual Fee, earn cash back, and build your credit with responsible use.
  • Establish your credit line by providing a refundable security deposit of at least $200. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line. Bank information must be provided when submitting your deposit, and the security deposit equals your credit limit.
  • Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
  • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • Click "Apply Now" to see terms and conditions.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
10.99% Intro APR for 6 months
27.24% Variable APR
$0
New/Rebuilding

Interest Rate

Annual Fee

Credit Needed

Our Ratings By Category

Bad Credit
(Ranked #7 out of 34)
★★★★★
4.5
Best Overall
★★★★
4.0
Cash Back
(Ranked #48 out of 50)
★★★★
3.7
Gas Rebate
(Ranked #26 out of 29)
★★★★
4.0
No/Limited Credit
(Ranked #14 out of 30)
★★★★★
4.5
Secured
(Ranked #3 out of 18)
★★★★★
4.7

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.