Discover it Secured
Credit Card Review
Card Specifications
- Annual Fee
- $0
- APR Range
- 28.24% variable
- Recommended Credit Score
- Limited or Bad Credit
Editorial Review
The Discover it Secured Credit Card breaks the mold of typical secured cards by offering actual cash back rewards—a rarity in this category. Cardholders earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, plus 1% on all other purchases. Discover automatically reviews accounts to see if you can transition to an unsecured card, typically after 7 months of responsible use. With no annual fee and strong customer service, this card delivers exceptional value for credit rebuilders.
Pros
- •No annual fee
- •Earn 2% cash back at gas stations and restaurants (up to $1,000 per quarter)
- •Automatic reviews for upgrade to unsecured card
Cons
- •Higher APR than some competitors
- •Requires minimum $200 security deposit
- •May require credit check
Money Matters Verdict
The Discover it Secured stands out as one of the best secured cards on the market, offering genuine rewards and no annual fee. Its path to graduation to an unsecured card makes it ideal for motivated rebuilders.
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