Discover it® Secured Credit Card
The Discover it® Secured Credit Card helps build credit with cash back, no annual fee, and automatic reviews for upgrades.
By: Zienic
Earn 2% cash back at gas stations and restaurants
Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter.
Unlimited 1% cash back on all other purchases
Enjoy unlimited 1% cash back on all other purchases, making every dollar count.
No annual fee
No annual fee, so you can focus on building credit without extra costs.
Automatic account reviews
Automatic account reviews starting at seven months to determine if you can upgrade to an unsecured card.
Discover it® Secured Credit Card: Features and Benefits
The Discover it® Secured Credit Card stands out as one of the most user-friendly secured cards available in the U.S. credit market. Unlike many secured cards that require you to pay an annual fee for limited benefits, this card charges no annual fee while still offering a comprehensive rewards program. Cardholders earn 2% cash back at gas stations and restaurants on up to $1,000 in purchases each quarter, plus 1% unlimited cash back on all other purchases. Discover also matches all the cash back you’ve earned at the end of your first year, making it especially rewarding for those starting their credit journey. Another highlight is its role as a true credit-building tool. The card reports to all three major credit bureaus, giving you the opportunity to establish a positive history with responsible use. Plus, Discover conducts automatic account reviews beginning at seven months to check if you qualify to upgrade to an unsecured line of credit, refunding your security deposit when you do. With features like free access to your FICO® credit score, zero liability on unauthorized purchases, and robust fraud monitoring, the Discover it® Secured Credit Card combines safety, rewards, and growth potential in one package.
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Is the Discover it® Secured Credit Card good for building credit?
Yes. It reports to all three major credit bureaus, which helps establish or rebuild credit history with responsible use.
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What is the minimum deposit required?
The minimum refundable security deposit is $200, and you can choose a higher amount up to $2,500 depending on the credit line you want.
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Does the card charge an annual fee?
No, the Discover it® Secured Credit Card has no annual fee.
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Can I upgrade to an unsecured card?
Yes. Discover starts automatic account reviews at seven months to check if you qualify for an upgrade to an unsecured card and refund your deposit.
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What rewards can I earn?
You earn 2% cash back at gas stations and restaurants (on up to $1,000 in combined purchases per quarter) and 1% on all other purchases. Plus, Discover matches all cash back earned in your first year.
How to Apply for the Discover it® Secured Credit Card
Applying for the Discover it® Secured Credit Card is a straightforward process. You can begin by visiting Discover’s official website and filling out the online application form. The application requires standard personal and financial information, including your Social Security number, income details, and employment status. Unlike unsecured credit cards, you’ll need to provide a refundable security deposit—ranging from $200 to $2,500—based on the credit line you want. This deposit is held in a secured account but fully refundable once you graduate to an unsecured card or close your account in good standing. The approval process is generally quick, with most applicants receiving a decision within minutes. If approved, you’ll receive your card by mail in about 7–10 business days. Discover also allows you to manage your account online or through its mobile app, giving you full access to statements, payments, and rewards tracking. Importantly, this card does not require a high credit score for approval, making it ideal for beginners or those rebuilding their credit after financial setbacks. Once you’ve built a record of on-time payments and responsible usage, Discover reviews your account to determine eligibility for upgrading to an unsecured line of credit. This makes the Discover it® Secured Credit Card not only a tool for everyday purchases but also a stepping stone toward greater financial independence.