Discover it® Secured Credit Card
- Annual fee
- None
- Recommended credit
- Poor / No Credit Required
- Card network
- Discover
- Regular purchase APR
- 28.24% variable based on the Prime Rate
At a glance
The Discover it® Secured card is ideal for cardholders hoping to build or rebuild their credit. Responsible use will not only raise their credit score, but it will also earn them 2% cash back at restaurants and gas stations on up to $1,000 in combined purchases each quarter.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- 2% cash back at restaurants or gas stations on up to $1,000 in combined purchases each quarter. Plus 1% cash back on all other credit card purchases
- Discover automatically matches all the cash back you've earned at the end of your first year
- Easily view your FICO® Credit Score on monthly statements, mobile and online for free
- Automatic account reviews begin after 7 months of use to see if cardholders can transition to an unsecured line of credit and have their deposit returned
- No annual fee
Who this card may suit
- You want to build or rebuild your credit with Discover
- You want 2% cash back at gas stations and restaurants
- You don’t think you should pay an annual fee to boost your credit score
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Regular Purchase APR | 28.24% variable based on the Prime Rate |
| Intro Balance Transfer APR | 10.99% for 6 months from date of first transfer for transfers that post by November 10, 2023 |
| Balance Transfer APR | 28.24% variable based on the Prime Rate |
| Balance Transfer Transaction Fee | 3% of the amount for each transfer that posts at the promotional rate. After that, 5% of the amount of each transfer |
| Cash Advance APR | 29.99% variable based on the Prime Rate |
| Cash Advance Transaction Fee | : Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Late Payment Penalty Fee | None the first time you pay late. After that, up to $41 |
| Return Payment Penalty Fee | Up to $41 |
| Minimum Deposit Required | $200 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Poor Credit Limited or No Credit.
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Discover it® Secured Credit Card
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