Earn Cash Back, Build Credit

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Earn Cash Back, Build Credit

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Regular APR

22.99% Variable

Featured Reward

earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter


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  • Pros & Cons
  • Details
  • Pros
    • Offers cash-back rewards, which isn’t a given for secured credit cards
    • Discover matches cash back after your first account year
    Cons
    • Other secured cards let you start with lower minimum security deposits
    • You must fund the security deposit from a bank account
    • No Annual Fee, earn cash back, and build your credit with responsible use.
    • Using your secured credit card helps build a credit history with the three major credit bureaus. Generally, prepaid and debit cards can’t do that.
    • Establish your credit line with your tax return by providing a refundable security deposit of at least $200 after being approved. Bank information must be provided when submitting your deposit.
    • Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit.
    • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
    • Discover is accepted nationwide by 99% of the places that take credit cards.
    • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score.
    • Intro Offer: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for- dollar match.
    • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.

    Review: Is the Discover it Secured the best credit card for you?

    Building a positive credit history and score takes time and diligence. If you’re opening your first credit card or want to rebuild a tarnished credit history, the Discover it® Secured Credit Card is an attractive option if a regular credit card isn’t available to you. 

    Like other secured credit cards, Discover requires a security deposit equivalent to the credit line you want. So if you pay a $500 deposit, you’ll get a $500 credit line. The deposit is refundable (more on that below). Bridge official website can be known as one of the reliable lenders online.

    Read more: The best credit cards for bad credit

    Unlike most other secured credit cards — which typically don’t earn rewards — the Discover it® Secured Credit Card offers up to 2% cash back and other benefits like no foreign transaction fees.

    Comparison: Discover it Secured vs other secured credit cards

    Regular APR

    26.99% Variable

    Credit Score

    Limited, Bad

  • Pros & Cons
  • Details
  • Pros
    • Minimum deposit ($49) is lower than with some other secured cards
    • You can be automatically considered for a higher credit line in as little as 6 months with no additional deposit
    Cons
    • No annual fee
    • Unlike a prepaid card, there is regular reporting to the 3 major credit bureaus
    • Accepted at millions of locations worldwide
    • Make the minimum required security deposit and you’ll get an initial credit line of $200. Plus, deposit more money before your account opens to get a higher credit line
    • Access to an authorized bank account is required to make your $49, $99 or $200 refundable security deposit
    • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
    • We will monitor your account, and as you use it responsibly by doing things like making on-time payments, you may be able to earn back your deposit as a statement credit
    • Easily manage your account 24/7 with online access, by phone or using our mobile app

    Comparison: Discover it Secured vs other starter credit cards

    Regular APR

    26.99% Variable

    Credit Score

    Average, Fair and Limited

  • Pros & Cons
  • Details
  • Pros
    • Automatically be considered for a higher credit line in as little as 6 months
    • No annual fee
    Cons
    • No extra benefits and no rewards
    • Pay no annual fee
    • Be automatically considered for a higher credit line in as little as 6 months
    • Fraud coverage if your card is lost or stolen
    • Use online banking to access your account, even from your smartphone, with our mobile app
    • Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you’re all set
    • Pay by check, online or at a local branch, all with no fee – and pick the monthly due date that works best for you
    • Get access to your account 24 hours a day, 7 days a week
    • Help build your credit through responsible use of a card like this

    Who should consider the Discover it Secured credit card?

    The Discover it® Secured Credit Card is a good option for those with little to no credit history, like new US residents or students. Those with poor credit history who want to increase their credit score can also benefit from using a credit card and making all payments on time.

    All three credit bureaus receive payment reports from Discover, and on-time payments with the Discover it® Secured Credit Card will help build a positive credit history.

    Read more: The best credit cards for students

    Even if you don’t have a credit history or have a low credit score, you might qualify for a non-secured starter credit card. Students may also qualify for cards targeted to them, so you should see if you can qualify for a non-secured credit card before looking at the Discover it® Secured Credit Card. 

    How to apply for the Discover it Secured card

    When you apply for the Discover it® Secured Credit Card, your credit report will be reviewed. If approved, you will immediately provide your banking information to pay the security deposit, which will be automatically withdrawn from your bank account. 

    Your credit line is equal to your security deposit — so if you deposit $500, your credit line will be $500. The minimum amount is $200, and the maximum is $2,500, and you can pay in $100 increments. 

    Read more: How to get a credit card with bad credit

    The security deposit is refundable. After eight months, Discover will evaluate your account monthly to determine whether to “graduate” your card away from secured status and refund your security deposit. Your security deposit is also refunded if you close the card and pay the balance in full. If the balance is not paid in full, your security deposit will be used to pay the balance, and the remainder refunded. 

    How to use rewards from the Discover it Secured card

    With the Discover it® Secured Credit Card you earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. All other purchases earn 1% cash back with no limit. 

    Read more: Discover Cashback Match is a unique program that matches your credit card rewards after your first year, and it couldn’t be easier to use

    At the end of your first year, Discover will match all the cash back you earned in the first year. So if you earned $200 in your first year, Discover would deposit an additional $200 within two billing cycles after your 12th bill. 

    You can redeem cash-back rewards any time for a statement credit, or use them instantly at checkout at Amazon or through PayPal. Rewards never expire and are automatically redeemed as a statement credit if you close your card or if you don’t use your card for 18 months. 

    Discover it Secured card benefits and features

    For a secured credit card, the Discover it® Secured Credit Card has a decent list of benefits.

    Complimentary credit score and security monitoring

    When you’re building your credit history, it’s useful to keep track of how your score changes. The Discover it® Secured Credit Card gives you complimentary access to your FICO credit score and reports information with TransUnion. 

    Read more: When someone else opened a credit card in my name, I might have panicked — but thanks to free credit monitoring it was no big deal

    Discover also searches for unauthorized uses of your Social Security Number and will alert you to suspicious activity. Further, they will alert you if any new account, such as a credit card, mortgage, or car loan shows up on your credit report. These tools will help protect you against identity theft. 

    Freeze your card instantly 

    You can temporarily freeze/unfreeze your credit card using the Discover mobile app or on their website. This is helpful if you misplaced your credit card somewhere in your home.

    Pay your bill up to midnight on the due date

    Most credit cards need to be paid a day or two before the due date to make sure the payment posts in time. With Discover, you can pay your bill by phone or online up to midnight (Eastern Time) on the due date.

    Late payment protection

    If you pay your bill late, your APR won’t increase and one late fee is also waived for your first late payment — but you should always pay your bill on time to help build a positive credit history. 

    Additional late payments will incur up to a $40 fee.

    Complimentary overnight shipping for card replacements in the US

    If you lose your card, Discover will ship a new card overnight to anywhere in the US for free. 

    Read more: The best Discover credit cards

    No foreign transaction fees

    You won’t pay an additional fee when making purchases outside the US with the Discover it® Secured Credit Card, so it’s a good card to take along on international trips.

    Read more: The best credit cards with no foreign transaction fees

    Zero fraud liability

    You will not be liable for unauthorized transactions made to your Discover it® Secured Credit Card if you immediately contact Discover if your card is lost or stolen, if your credentials are compromised, or if your account has been accessed without your permission. 

    Read more: Someone charged hundreds of dollars to my wife’s credit card, but we weren’t on the hook because we didn’t pay with debit

    Regular APR

    22.99% Variable

    Featured Reward

    earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter

    It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details
  • Pros
    • Offers cash-back rewards, which isn’t a given for secured credit cards
    • Discover matches cash back after your first account year
    Cons
    • Other secured cards let you start with lower minimum security deposits
    • You must fund the security deposit from a bank account
    • No Annual Fee, earn cash back, and build your credit with responsible use.
    • Using your secured credit card helps build a credit history with the three major credit bureaus. Generally, prepaid and debit cards can’t do that.
    • Establish your credit line with your tax return by providing a refundable security deposit of at least $200 after being approved. Bank information must be provided when submitting your deposit.
    • Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit.
    • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
    • Discover is accepted nationwide by 99% of the places that take credit cards.
    • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score.
    • Intro Offer: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for- dollar match.
    • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.

    Discover it Secured card fees and costs

    The Discover it® Secured Credit Card has no annual fee and no foreign transaction fees, and the late fee is waived for your first late payment (up to $40 per occurrence thereafter).

    Like most other cards, there are also fees for returned payments, balance transfers, and cash advances.

    Avery Campbell is a personal finance writer focusing on credit cards and travel rewards. He holds a law degree, specializing in air and space law.

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