Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
- Jaclyn DeJohn, CnetThe Discover it® Secured Credit Card features the best rewards program of any secured credit card. Coupled with its strong welcome offer and affordable security deposit, it’s easy to see why it’s at the top of our best secured credit card list.
- Robin Ratcliff, CreditCards.comThe Discover it® Secured Credit Card is one of your best bets if you’re looking for a card to help you build credit – it doesn’t charge an annual fee, plus Discover will match all of the cash back you earn at the end of your first year thanks to the card’s Cashback Match™ program.
- Brooklyn Lowery, CardRatings.comIf you’re truly trying to rebuild your credit and expect to be able to increase your spending in the next year, the Discover it® Secured Credit Card card is a good option. The opportunity to earn rewards is impressive for a secured credit card, but the match that Discover offers after your first yea...
- Evan Coleman, Dylan Pearl, ForbesAs secured cards go, the Discover it® Secured Credit Card ranks high on our list of the best secured credit cards. While the rewards may not be stellar compared to many unsecured cards, we’re glad to see rewarding options available for those with weak or damaged credit history. The Discover it® Secu...
- Sarah Estime, Garrett Yarbrough, BankrateThis standout secured card is one of the most valuable options available thanks to its competitive cash back, issuer-exclusive welcome offer and the opportunity to upgrade to an unsecured card after just seven months.
Interest Rates | |
---|---|
Regular APR Interest Rate |
28.24% (Variable) This APR will vary with the market based on the Prime Rate. |
Balance Transfer Interest Rate |
28.24% (Variable) (10.99% for the first 6 months) This APR will vary with the market based on the Prime Rate. |
Cash Advance Interest Rate |
29.99% (Variable) This APR will vary with the market based on the Prime Rate. |
Rates & Fees | |
Annual Fee | $0.00 |
Balance Transfer Fee |
5% 3% intro fee |
Cash Advance Fee |
5% Minimum of $10 |
Foreign Transaction Fee | $0.00 |
Over Limit Fee | $0.00 |
Late Payment Fee |
$41.00
|
Promotions | |
Sign up bonus | No |
Rewards | |
All Purchases | 1% cash back |
Restaurants |
2% cash back (on first $4000 spent) In combined purchases with gas each quarter ($1000 per quarter) |
Gas |
2% cash back (on first $4000 spent) In combined purchases with restaurants each quarter ($1000 per quarter) |
Groceries | No |
Hotels | No |
Travel | No |
Pharmacy | No |
Bills | No |
Additional Details |
Automatically get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year. |
Features & Benefits | |
Additional Card Holders | Yes |
Travel Accident Insurance | No |
Car Rental Insurance | No |
Car Rental Discount | No |
Extended Warranty | No |
Purchase Protection | No |
Zero Liability | Yes |
No Foreign Transaction Fees | Yes |
Emergency Assistance | No |
Concierge Service | No |
Price Protection | No |
Fraud Protection | Yes |
Free Credit Scores | Yes |
Wireless Payments | No |
Virtual Cards | No |
Additional Benefits |
Online Privacy Protection |
Eligibility | |
Minimum Security Deposit | $200 |
Minimum Age | 18 |
Minimum Personal Income | |
Temporary Residents | No |
More | |
Additional comments | - |
Terms & Conditions | Official Terms & Conditions |
Suggest a correction |
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.
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