Discover it® Secured
Build or rebuild your credit with responsible use
Discover it® Secured is 2019’s best secured credit card because it has a $0 annual fee and rewards cardholders with 1% to 2% cash back on purchases. The Discover it Secured card also doubles the rewards cardholders earn the first year. Very few secured cards even offer rewards. Discover it Secured’s minimum deposit – $200 – is on the low end for a secured credit card, too.
It's a Real Credit Card
Unlike a prepaid or debit card, this is a real credit card that lets you build your credit history with the three major credit bureaus.
Your secured credit card requires a refundable security deposit. You choose the deposit amount up to the credit line approved.
Earn 2% Cash Back
At gas stations and restaurants on up to $1,000 in purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases — automatically.
You earn, we match
We'll match all of the cash back you've earned at the end of your first year, automatically.
FICO® Credit Score for free
Easily view your FICO® Credit Score on monthly statements, mobile and online for free.
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Apply & provide a deposit
If approved, secure your line with an equal security deposit. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line.
Build your credit responsibly
Be sure to pay your bill on time. To avoid interest charges, pay your balance in full each month.
Convert to an unsecured card
Using credit responsibly across all your credit cards and loans, including Discover and others, may qualify you to get your security deposit back and convert to an unsecured card.
Great first-year bonus. Discover it Secured has a great promotional offer to match (i.e., double) the cash back rewards that you earn the first year your account is open. It’s a great opportunity to save. The initial bonuses are basically unheard of among secured cards.