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Pros & Cons
Pros
- +No annual fee
Cons
- –No purchase protection
Our Review
Build Credit & Earn Rewards with the Discover it® Secured Credit Card
- 2% cash back at gas stations and restaurants on up to $1,000 in purchases per quarter; 1% back on all other spending
- Unlimited Cashback Match™—Discover automatically doubles all the cash back you’ve earned at the end of your first year
- $0 annual fee and no foreign transaction fees
- 10.99% intro APR on balance transfers for 6 months
- Reports to all three major credit bureaus—build your credit history with every purchase
- Automatic upgrade reviews after seven months to transition you to an unsecured card and return your deposit
Whether you’re establishing or rebuilding your credit, this secured card delivers top‑tier rewards without an annual fee. Your refundable security deposit (starting at $200) determines your credit line. Earn cash back, monitor your credit score, receive dark‑web alerts and track everything easily in Discover’s app—plus enjoy a clear path to upgrade when you’re ready.
Terms apply. Security deposit required. Intro APR applies to balance transfers made within the first 4 months. See Discover for full details.
Rewards
All Spending
1x
pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
30,000
pts/yr
Estimated Value
$300
After Fees
+$300
1st Year Value
$300
incl. welcome bonus
Breakdown
Terms & Conditions
Card Features
- No credit score required to apply. No Annual Fee.
- Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
- 30 points or more-that’s how much you could increase your FICO Credit Score on average after just six months of responsible use.
- 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, automatically. Plus earn unlimited 1% cash back on all other purchases.
- INTRO OFFER: Unlimited Cashback Match for all new cardmembers-only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
- Terms and conditions apply.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia USA may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Discover. All trademarks are property of their respective owners.