Why are these card sites listed as unsafe/phishing sites?
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Discover it® Secured Credit Card
Discover it® Secured Credit Card
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Sponsored CardRates & Fees
APRRewards2,880Reviews100Q&AContact
APRRewardsEditor ReviewQ&ACustomer Reviews
Accepted Credit Scores
Accepted Credit Scores
Limited History, Bad Credit
Minimum Security Deposit
$200
Fees
One-Time Fees$0
Annual Fees$0
Monthly Fee$0
APR on Purchases
23.74% 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.
Editor's Take
by John Kiernan
June 1st, 2022
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 | 25.74% 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 with responsible use.
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.
NEW! 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.
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Questions sort
Do I need a tax return to get the Discover it Secured card?
2
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Can I add money to my Discover Secured Credit Card?
2
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What are the best Discover Secured credit card benefits?
2
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How much is the Discover it Secured foreign transaction fee?
2
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Can I get the Discover it Secured Credit Card without a checking or savings account?
2
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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
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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 APR23.74% Variable
Regular APR23.99% (V)
Regular APR26.99% (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
2,880 reviews
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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
Comment
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.
Comment
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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1 Star Rating
I chose to use Discover it Secured to start credit for a new business. After making a $2500 security deposit and providing all requested verification my account was closed due to business reasons which could not be explained. After being on the phone for over an hour, I was told it would take the equivalent of two weeks to receive my deposit back by way of check. Horrible business and customer service.
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5 Star Rating
Verified CustomerTo many goodies for Secured Card. Looks more like regular reward one for people with good credit. They need to let the low fico know the good deal they can get. I have a visa and a mastercard. Never so the the discover deal
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5 Star Rating
Verified CustomerI’ve had this card going on 3 months now and so far I’m very pleased with it. I was approved with scores in the mid 500s. Two weeks after receiving it appeared on all three of my credit reports and boosted my score 34 points.
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1 Star Rating
I am a student and Discover won't consider me for a card because they can't verify my social security number? It must mean they actually do check your credit because I have none but I do file taxes. Go figure.
Comment
ALL creditors have to legally run a SSN check to verify that you are who you say you are. It doesn't ding your credit unless you are being wreckless with your inquiries/applying for several cards, loans, etc. Not being able to verify your ssn sounds like a problem that you need to take up with your local S.S. office.
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1 Star Rating
If I could give a 0, I would. This card and reviews are BOGUS. Do not waste your time with the hard inquiry. How do you not get approved for a secured card? Mind you, I have to send them a deposit. THIS CARD MAKES NO SENSE. I read the reviews, my score is a 678, and I have 3 unsecured cards with $3500 or more on each with no late fees. I’m rebuilding my credit, so if you’re like me, apply for a Capital One card.
SAVE YOURSELF SOME TIME AND DON’T APPLY. GO TO CAPITAL ONE OR EVEN OLLO!!!!!!!!
SAVE YOURSELF SOME TIME AND DON’T APPLY. GO TO CAPITAL ONE OR EVEN OLLO!!!!!!!!
Comment
Maybe you credit is too good .....from your description you are not in rebuilding credit mode at all. Congratulations.
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I applied out of boredom just to test a theory. I was approved with a 698 score and 2 unsecured cards so I sent them $2500 just to get the max benefit out of the card.
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I got both the Cap One and Discover It at the same time with a lower score than you are claiming. Sounds like other factors are involved with your creditworthiness. By the way, Cap One gave my creditless coworker a card less than a year after having TWO Cap One charge-offs. They give EVERYONE a card. ?
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I have both Capital One and Discover, I've had no issue out of either one. My score was 525 when I first applied.
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2 Star Rating
I wasn’t approved for the secured card with a credit score of 540. I was approved for the Citi secured card, though? I was really hoping to get approved for this one. I’m just trying to rebuild my credit. Too bad, Discover.
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Give yourself a few months of building your credit then do the prequalify again. Will not hurt your score and you can periodically check you approval.
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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: Jun 1st, 2022 at 07:43 ET