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Discover it® Secured Credit Card
Discover it® Secured Credit Card
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Sponsored CardRates & Fees
APRRewards2,895Reviews103Q&AContact
APRRewardsWalletHub ReviewQ&ACustomer Reviews
Accepted Credit Scores
Accepted Credit Scores
Limited History, Bad Credit
Minimum Security Deposit
$200
Fees
One-Time Fees$0
Annual Fee$0
Monthly Fee$0
APR on Purchases
27.24% Variable
Rewards
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.
WalletHub Review
by John Kiernan
February 3rd, 2023
Discover it Secured Credit Card Pros & Cons
No annual or monthly fees & No fees for account opening
Up to 2% cash back
First-year rewards doubled
Relatively low minimum deposit
High regular APR
Discover it Secured Credit Card's Additional Info
| cash advance fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| cash advance APR | 29.24% Variable |
| foreign transaction fee | 0% |
| smart chip | Yes, chip-and-signature |
| max late fee | $41 |
| max overlimit fee | See Terms |
| max penalty APR | None |
No credit score required to apply.
No Annual Fee, earn cash back, and build your credit history.
Establish your credit line by providing a refundable security deposit of at least $200. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line. Bank information must be provided when submitting your deposit, and the security deposit equals your credit limit.
Automatic reviews starting at 7 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 helps remove your personal information from select people-search websites. Activate by mobile app for free.
Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
Click "Apply Now" to see terms and conditions.
Discover it Secured Credit Card FAQ
Can't find what you are looking for? Submit your question about Discover it® Secured Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
Most Popular
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Do I need a tax return to get the Discover it Secured card?
2
UpvotesReply
Justin Thomas
No, you don't need a tax return to get the Discover it Secured card.
But if you need to improve your credit score and don't have the necessary funds to apply for a secured card, you could use your tax return money for it. This is probably the easiest...
Can I add money to my Discover Secured Credit Card?
2
UpvotesReply
Joseph Whittle
Yes, you can add money to your Discover it® Secured Credit Card. To do so, call customer service at 1 (800) 347-3085. Your account must be open for 31 days to be eligible to add funds to your security deposit. You will need to provide your bank account routing...
What are the best Discover Secured credit card benefits?
2
UpvotesReply
Barbara Gordon
For Discover it Secured, and most other secured cards, your limit is the same as the amount you deposit. So if you put down $200, then that's what you'll be able to spend. That's why secured cards are easier to get: there's almost no risk to the lender itself, because...
How much is the Discover it Secured foreign transaction fee?
2
UpvotesReply
Kari Bailey
The Discover it Secured foreign transaction fee is $0. All Discover credit cards have $0 foreign transaction fees. That means you can use the Discover it Secured Card without having to pay the extra surcharge for international purchases. Most credit cards charge a foreign transaction fee between 1% and...
Can I get the Discover it Secured Credit Card without a checking or savings account?
2
UpvotesReply
Evelyn Boros
No, you cannot get a Discover it Secured Credit Card without a checking or savings account. When you apply, you'll need to provide a routing and account number for the deposit to be electronically withdrawn, in case you're approved.
How much is the Discover it Secured cash advance limit?
2
UpvotesReply
Lashanda Taylor
The Discover it Secured cash advance limit is a portion of your entire credit limit.
It's different from one account to another, and it's determined based on your card's spending and payment patterns.
Can I use my Discover it Secured card anywhere?
2
UpvotesReply
Daniel Phaneuf
You can use your Discover it® Secured Credit Card almost anywhere in the U.S. but it's now as widely accepted as Visa and Mastercard credit cards overseas. Still, Discover is accepted in 185 countries and territories internationally.
How long does it take to get Discover it Secured?
2
UpvotesReply
Patricia Lex
It usually takes 5-7 business days to get the Discover it Secured Credit Card. This is way better than what most other issuers offer - up to 10 business days by default. If you're referring to a replacement card, it should reach you in 4 to 6 business days.
...How can I pre-qualify for Discover it Secured?
2
UpvotesReply
Wayne Iversen
You can check if you prequalify for the Discover it® Secured Credit Card on their website, using their prequalification tool.
Compare The Discover it Secured Credit Card
Purchase Intro APRNot Offered
Purchase Intro APRNot Offered
Purchase Intro APRNot Offered
Transfer Intro APR10.99% for 6 months|Transfer Fee: 3% intro balance, up to 5% fee on future balance transfers (see terms)*
Transfer Intro APRNot Offered
Transfer Intro APRNot Offered
Regular APR27.24% Variable
Regular APR29.74% (V)
Regular APR29.74% (V)
Rewards Rate1 - 2% Cash Back
Rewards RateNone
Rewards RateNone
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Discover it Secured Credit Card Reviews
Share your insights and review the Discover it® Secured Credit Card
3.7
2,895 reviews
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4 Star Rating
I’ve had this card for little over a year. I think it’s a great card it’s no annual fee $0, 2% cash back on gas stations & restaurants, plus reward matching the first year. Other unsecured cards I have doesn’t have these benefits. As with anything I believe it’s important to read the fine print to try and avoid being blindsided. But this company doesn’t really have hidden fees so all the negative reviews are from people not doing their due diligence. Are there drawbacks? Of course! 1 being they report as a secured card but meh what can you do. 2 they do take 1-3 days to post your online or app payment so if you aren’t careful with your checking account you could get a returned payment. This has never happened to me but my younger irresponsible self probably would have. 3 I have had to call them once because they held my account after making my FIRST large payment but no issues since. I now avoid all this my utilizing my banks online bill pay discover gets it electronically same day boom crisis avoided. Might I add some of these reviews complaining about payment posting times, trying to pay with pay/ prepaid cards is stupid. In addition to getting a credit card you need to also get a reputable bank account and get all your financial aspects in order. The key to getting ahead is learning how these companies work and play the game. They won’t tell you how to play better than them because they bank on us not figuring them out. My last thing is I still haven’t been graduated! Am I bummed yes I’ve paid on time in full every month since obtaining this card. My score had improved however I think it’s to do with my student loans not decreasing much and me having to get a new car loan. I believe that’s something people need to consider as well is not just about the score and your payment history it’s the FULL picture. Debt has to be reduced over all. So for now I’m fine the benefits outweigh being unsecured to me...for now. Hope this helps someone.
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I concur 1,000,000,000%, this card is great to have as long as you use it properly. Truthfully this basically applies to all tools that are set in place for financial improvement as well as credit building.
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1 Star Rating
Got denied, I plan on calling them to find out why. I have little debt and my credit score is 595. I Do have a bankruptcy that is 6 yrs old and it was discharged in 2013. I thought I was good based off all the reviews but I guess not. I have only 1 credit card with $240 limit that I pay on time. Also have 2 school loans 6k and my car is about to be paid off never late balance is under 2k 52 on time payments. Don’t know where I went wrong with this card. I’m hopeful when I call them l, they reconsider. Pray for me guys lol
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It sounds me to that you should be testing the pre-qual form instead of applying at a cold app. If you have bankruptcy on your CR, you should always be trying the pre-qual to see if you even have a shot of doing business with them.
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If you have bankruptcy they will denied you they did mom like that! Sorry
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I tried because WalletHub suggested I had good approval odds.
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FYI, I did get this card UNsecured with $1250 initial limit and I had a 9-year old BK on my credit record. So... they do take BK applicants. I think it just has to be toward the end of the 10-year timeframe.
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5 Star Rating
I got the Credit Karma app at the suggestion of my fiance, so I'd know where my credit numbers stand (I was one who thought it better not to know such horrors) and I am glad I sucked it up and looked. My credit was poo. I was in the mid 500's and if I wanted to own a home, get a decent interest rate for a car, I had to get my scores up and clean up my credit. I applied for two cards one being Discover It Secured Card and set my initial limit at $1000. I read some reviews and one suggested bumping it up as much as you can so, I put another $1000 on it and made my purchases and made sure I payed my card (and my other cards/loans) on time. I set up calendar reminders on my phone to insure that I wouldn't forget. Its now April 2019 and to my surprise I got a letter from Discover graduating my card to unsecured and a check for my deposit. They review not only how you use their card but your history across all of your cards,loans, etc to determine if your're a good candidate to graduate your card. I love my card and it is and will always be my go to card! Thanks Discover for allowing me to get my credit back on track!
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How long your card was secured before they graduated it to unsecured? Thanks!
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1 Star Rating
Verified CustomerJust ridiculous! Discover It Secured card is named one of the top secured cards to get
after Chapter 7 bankruptcy. I have a 650 credit score post bankruptcy. I am an authorized user on one of my husband's credit card & have 1 student loan. I also have a house but it was included but we continue to pay on time & will keep it. I was approved for a new car loan with no problems! I was approved for another secured card no questions asked. I was prequalified which is the only reason I applied yet I was still denied. I was sent a letter saying I was denied due to bankruptcy. I called customer service & they stated becuase of bankruptcy & other things on my credit? There's nithing bad on my credit. I always paid on time & have a good credit history. This company is total garbabe & huge liars. I won't apply with them,in the future for anything. They don't deserve good people trying to get their credit back on track as customers...
after Chapter 7 bankruptcy. I have a 650 credit score post bankruptcy. I am an authorized user on one of my husband's credit card & have 1 student loan. I also have a house but it was included but we continue to pay on time & will keep it. I was approved for a new car loan with no problems! I was approved for another secured card no questions asked. I was prequalified which is the only reason I applied yet I was still denied. I was sent a letter saying I was denied due to bankruptcy. I called customer service & they stated becuase of bankruptcy & other things on my credit? There's nithing bad on my credit. I always paid on time & have a good credit history. This company is total garbabe & huge liars. I won't apply with them,in the future for anything. They don't deserve good people trying to get their credit back on track as customers...
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You sound really mad at Discover. Why? Because they chose not to take a chance on you? You say you have nothing on your credit report. That's because you filed a chapter 7 bankruptcy and wiped them all out. Discover is known not to approve people who have filed bankruptcy. Are they really supposed to be impressed because you are an authorized user on somebody's else account? You are still not responsible for paying that account. Pre-qualification or Pre-approval is still no guarantee you will get a card. All that means is that you met the basic requirements after a soft pull of your credit and it doesn't count against you because you have not applied for the card. Just because they didn't approve you doesn't mean they are garbage company and huge liars. There are a lot of people out there who would totally disagree with you.
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1 Star Rating
Verified CustomerDeclined wit score in the early 600s dont know why said “I’ll get a letter in the mail within 7-10 business days. Highly disappointed. Been reading all the reviews seen ppl get approved wit lower scores, very interested in why I was declined. Have 4 open accounts never late, 2 years is the oldest and 3 months is the newest.
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5 Star Rating
GAME-CHANGER WITH FAST RESULTS!! I messed up my credit a few years ago to chase after love. After that failed miserably, I lost my job and decided I'd never allow myself to get that low again. Beginning anew with a part-time job, I got this secured Discover It. card with the minimum deposit in 8/2018. I used it often for gas or groceries, making sure that I never let my balance revolve at more than 30% of my tiny $200 limit. Basically, I followed my pay schedule and paid on my card every 2 weeks. I'll tell you, in March, 2019, my mindful behavior really paid off, and I was surprised with a letter, returning my deposit back to me and a very significant credit limit increase. After only 6 mos, I have grown my financial confidence back and feel very proud of my conscious payment habits! I know each of us is unique, but I can testify that Discover is willing to reward those with a good track record. It feels wonderful to have my deposit back, to have a much higher credit limit, and I'm watching this card help my FICO score improve!!
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5 Star Rating
Verified CustomerApplied for and received my Discover It Secured in August 2018, along with another secured card.
I started out making multiple payments a month but now just make sure the balance is at zero before every statement and leave it at $0 a few days before and after payment would be due (my due date is the 1st, had it at $0, used it on the 3rd for new cycle and it showed a balance when they reported to bureaus).
The app is very convenient and easy to use, the rewards add up (free $21 so far), and my credit scores through CK went from lower 500s to lower 700s.
At the 8th month now I just got an email they're returning my deposit and giving me a $2500 credit line.
It's a fantastic way to build credit- responsibly. Couldn't be happier, unless I suppose they gave 10% cash back =D ave
I started out making multiple payments a month but now just make sure the balance is at zero before every statement and leave it at $0 a few days before and after payment would be due (my due date is the 1st, had it at $0, used it on the 3rd for new cycle and it showed a balance when they reported to bureaus).
The app is very convenient and easy to use, the rewards add up (free $21 so far), and my credit scores through CK went from lower 500s to lower 700s.
At the 8th month now I just got an email they're returning my deposit and giving me a $2500 credit line.
It's a fantastic way to build credit- responsibly. Couldn't be happier, unless I suppose they gave 10% cash back =D ave
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How much did you open the card with, if you don't mind me asking?
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10% cashback would be ammmmaaaaazzzzinnggg! LOL
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5 Star Rating
Verified CustomerJust Recieved My Card in the Mail Today, I applied on the 28th of January, so i would say thats quik. I have no credit Score or History so im happy to have this card, i also just got a Capital One Secured last Month They actually just reported but still No score yet.. takes time
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1 Star Rating
Verified CustomerI have a credit score of 625. Trying to rebuild after divorce. Income is 80k a year and I was turned down. Right before applying I was approved for an unsecured First Premier Visa. Doesn’t make sense. Screw discover. I will never apply for a card with them again
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It could be your income to debt ratio. I wouldn't celebrate getting a First Premier. Not only are they fee heavy but to get a credit line increase you have to pay for it. I've had them before. I am also credit rebuilding. I hope once this it rebuilt this time, I will never have to do it again. But if something unforeseen happens, I will never again get a First Premier card. A secured card or Credit One, Capital One, and Discover It are much better choices.
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I agree with MyFlhomebiz. First Premier is the worst! Your fees are ridiculous and they charge interest the day a purchase is made. There is no grace period. The annual fee is a joke. I had two of their cards (each was $1000, and it still makes me mad they would not just add another $1000 to my first card. Nope, had to issue me a second card so they could ding me every month with monthly fees. I refused to pay for a credit line increase, by the way). I kept the card in my drawer for 11 mos to age my credit and before I got hit with an annual charge I closed the account. Good riddance!
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2 Star Rating
Verified CustomerI obtained the card to help increase my credit score. The application process was easy. I was approved instantly and received my card in less than 2 weeks. I made 2 purchases with the intent to pay the full balance when I received my statement. By the time I received my first statement, Discover had already reported my balance to Equifax which dropped my credit score down 5 points because my balance was more than 10% of my credit limit. I immediately paid the full balance and going forward will only use the card for a small purchase (like gas) and pay the balance immediately.
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Expert Thoughts on Discover it Secured Credit Card
To help people learn more about the Discover it Secured Credit Card, WalletHub posed the following questions to a panel of experts. You can see who they are and what advice they had to share below.
- Why do you think it’s uncommon for credit cards for people with bad credit to offer good rewards?
- What should people look for in a credit card if building credit is their main objective?
- What do you think is the biggest misconception that people have about secured credit cards?
- Does it ever make sense to carry a balance from month to month on a secured credit card like Discover it Secured Credit Card?
Josiah R. Baker
Ph.D., Nimocks Professor of International Business, Professor of Economics & Finance, Reeves School of Business & Economics, Methodist University
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Ph.D., Nimocks Professor of International Business, Professor of Economics & Finance, Reeves School of Business & Economics, Methodist University
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Bradley Stevenson
Associate Professor of Finance, Bellarmine University
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Associate Professor of Finance, Bellarmine University
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Pablo Guerron
Professor, Boston College - Robert J. Morrissey College of Arts and Sciences
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Professor, Boston College - Robert J. Morrissey College of Arts and Sciences
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Clifford Rossi
Professor-of-the-Practice, Finance Department, Robert H. Smith School of Business, University of Maryland
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Professor-of-the-Practice, Finance Department, Robert H. Smith School of Business, University of Maryland
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Vicki L. Baker
MBA, MS, PhD, Professor, Economics & Management, Director, Albion College, Community Collaborative (AC3), Co-Founder, Lead Mentor Develop
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MBA, MS, PhD, Professor, Economics & Management, Director, Albion College, Community Collaborative (AC3), Co-Founder, Lead Mentor Develop
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Offer last updated: Feb 3rd, 2023 at 11:11 ET