Adam McCann, Financial Writer
@adam_mccann
The best secured credit card with rewards is the Discover it® Secured Credit Card because it has a $0 annual fee and offers 2% cash back on up to $1,000 spent at gas stations and restaurants combined every quarter. It also gives 1% back on all other purchases, and Discover matches all your cash back earned during the first year.
Best Secured Credit Cards with Rewards
Rewards are among the few factors that you should consider when choosing a secured credit card, along with the annual fee and the minimum deposit requirement. Paying an annual fee just to get rewards only makes sense if the amount you’ll earn exceeds both the fee and your expected earnings with a cheaper card combined.
By the way, all of these cards report to the credit bureaus on a monthly basis, giving you the chance to build credit with on-time payments.
Justine Browns, Member
@justine_browns
I like the Discover it Secured Credit Card. You earn 2% cash back at restaurants and gas stations on up to $1,000 in combined purchases each quarter, and 1% cash back on all other credit card purchases. Plus, they automatically match all the cash back you’ve earned at the end of the first year. Your cash back never expires, and you can redeem it in any amount, anytime.
Marjorie Willis, Member
@marjorie_willis
Harley-Davidson has pretty good rewards, and no annual fee, so you could go with that.
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