Am I eligible?
To get this card, you must also:
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...
- 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 become available for those whose weak or damaged credit history leaves them wi...
- John S Kiernan, WalletHubThe Discover it® Secured Credit Card is worth it for people with bad credit who want to improve their credit score while earning solid rewards. The card has a $0 annual fee and doubles your rewards from the first year as an anniversary bonus, but it requires a security deposit to open the account.
- Virginia C. McGuire, Melissa Lambarena, NerdWalletWhen you consider the rewards, the lack of an annual fee and the opportunity for an upgrade, this is the best secured credit card we've seen.
- Jaclyn DeJohn, CnetThe Discover it® Secured Credit Card flips that thinking on its head with the best secured reward program around and a great first-year welcome bonus. It may have a smaller credit limit range, but it offers significant rewards back while letting users boost their credit scores, with responsible use.
- 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.
Details
| 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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