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Discover it® Secured review

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Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
24.49% (Variable)
Interest Rate: Purchases
24.49% (Variable)
Balance Transfer
24.49% (Variable) (10.99% for the first 6 months)
Balance Transfer
24.49% (Variable) (10.99% for the first 6 months)
1 - 2% cashback
1 - 2% cashback
Signup Bonus
Signup Bonus

Informr score
The Discover it® Secured currently has an Informr score of 8.9 out of 10. This score is based on our evaluation of 37 sources including reviews from users and the web's most trusted critics.

Am I eligible?

Discover it® Secured is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA
Yes Provide a minimum security deposit of $200.

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.

What the Critics Are Saying...

Fit Small Business
Fit Small Business

The Discover it® Secured Credit Card is a great option for business owners who need to build or improve their credit. This card is best if you’re a contractor, run a delivery service, or are always on the road because it offers 2% cash back rewards on gas station and restaurant purchases.

- Benilyn Formoso - Suralta, Fit Small Business

The Discover it Secured Credit Card is intended for anyone looking to establish or boost their credit, while easing into the responsibility of owning a credit card. Students and young adults are good candidates, as well as those who have experienced past financial struggles. Not only will you be abl...

- Jaclyn DeJohn, Cnet

This card to anyone who wants to be able to save money while they build or rebuild their credit. If you normally carry a balance, the interest this card charges could wipe out any rewards you earn. Unless you can always pay in full, you may want to shop around for a secured card with a lower rate.

- Rebecca Lake, MyBankTracker

Like other secured cards, the annual percentage rate on the Discover it® Secured Credit Card is quite high. Make sure to pay your balance off entirely each month – or else you’ll be paying big finance charges and losing the value of the rewards you earn.

- Claire Dickey, Bankrate

If 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 for you. The opportunity to earn rewards is impressive for a secured credit card, but the match that Discover offers after your first year is t...

- Brooklyn Lowery,


Interest Rates
Regular APR Interest Rate 24.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 24.49% (Variable) (10.99% for the first 6 months)

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 26.49% (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
  • Maximum
  • No late fee on your first late payment
Sign up bonus No
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
Minimum Security Deposit $200
Minimum Age 18
Minimum Personal Income
Temporary Residents No
Additional comments -
Terms & Conditions Official Terms & Conditions
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Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

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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