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Discover it® Secured review

This rare secured card comes with cash back rewards and the chance to upgrade to an unsecured card.’s rating: 4.4 / 5


  • Get this card if you want to build your credit while earning rewards.
  • Pick something else if you can’t put down a $200 security deposit.
  • Apply with a minimum credit score of 300 or higher.

Up to 2%

Cash back


Annual fee


Purchase APR (variable)


Intro balance transfer

for the first 6 months (then 24.49% variable)


Annual fee$0
Welcome offerDiscover will match cash back earned at the end of your first card year
Rewards2% back on gas and dining up to $1,000 combined each activated quarter, then 1% after that and on all other purchases
Purchase APR24.49% variable
Balance transfer APR10.99% intro for the first 6 months (then 24.49% variable)
Minimum Credit Score300

Review by

Leah Fallon is an editor with more than 10 years of teaching under her belt. She's written feature pieces for regional print and digital media. When she's not helping people with their finances, you can find her wrangling her two sprightly girls or running the trails of Virginia.

Expert review

Typically, you get a secured credit card for one reason: to rebuild your credit. In that sense, Discover it® Secured does its job. After you make a $200 deposit and start using your card, Discover will report your payment history to the three major credit bureaus. And to help out even more, the Discover it comes with no annual fee.

It’s the extras you receive, however, that set the card apart. You’ll get 2% cash back at gas stations and restaurants up to $1,000 each quarter, and 1% on all other purchases — a generous rewards rate for a secured card. Discover will also match all the cash back you’ve earned at the end of your first year.

Best of 2021
Finder experts pick Discover it® Secured as a 2021 best product for credit cards.

How to apply for Discover it® Secured

  1. Go to the Discover website and click Apply Now.
  2. Complete the application form with your name and contact information. Then click Next.
  3. Continue filling out the application form with financial information like your employment status, total annual gross income, total assets and monthly rent or mortgage payment.
  4. Finish the form with information like your Social Security number and mother’s maiden name. Then click the Next button. Review your application and submit it.

Card benefits

  • Signup bonus. At the end of your first year, Discover will match all of the cash back you’ve earned without any limits.
  • Cash back. Earn 2% cash back at gas stations and restaurants on the first $1,000 in combined purchases each quarter. After that, and on all other purchases, earn 1% cash back.
  • Credit reporting to the three major bureaus. Discover will report your payment history to the three major credit bureaus — TransUnion, Equifax and Experian. With consistent on-time payments, you’ll build your credit score.
  • Possible security deposit return after eight months. After eight months, Discover will review your account every month. If they deem you’ve been a responsible cardholder, they may return your security deposit while you continue using your card. This effectively turns your secured card into an unsecured card.
  • No annual fee. You won’t pay an annual fee for the life of the card.

How much cashback rewards can I earn with Discover it® Secured?

Where you spend:The amount you spend:Cash back earned:
Everything else$6,000$60

For an annual spending similar to our example, you would earn $140 from the second year. For the first, you would earn $280 with the Discover cashback match.

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Capital One Quicksilver Secured Cash Rewards Credit Card
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What to watch out for

  • Security deposit. Before you can open the card, you must put down a security deposit of at least $200.
  • It hurts to pay late. Your first late fee is waived, but making subsequent late or returned payments could result in fees as high as $41.
  • Time limit for balance transfers. If you want to take advantage of the intro balance transfer APR, your transfers must post to your account within the first months.
  • Higher APR for cash advances. Cash advances are subject to a high APR of 26.49% variable.

What to know before applying for the Discover it® Secured

To apply for the Discover it Secured Card, you must be at least 18 years old and a US resident.

Information you’ll need

  • Full name, address and contact information.
  • Total annual gross income, monthly housing payment and total available assets.
  • Social Security number and mother’s maiden name.

A secured card requires a security deposit

To open the Discover it Secured Card, you must deposit a minimum of $200. The maximum deposit is $2,500.

Average approval rate for Discover it® Secured

Credit RangeApproval Rate
Not Sure32%

Credit Card Insights: Discover it® Secured

We’ve polled hundreds of Discover it® Secured users. Here’s what we’ve found.

Application iconApplication process rating: 74%.
Customer service iconCustomer service rating: 80%.
gauge credit meterApproval rate for 300–619 credit range: 29%.
priority meterNo. 1 reason people apply: $0 annual fee.
Pay monthly balance 247% pay monthly balance in full.

I got the card. Now what?

  • Download the Discover Mobile app. With the Discover app, you can pay your balance, check your FICO® score, find ATMs nearby and more.
  • Avoid fees. Your first late payment fee is waived. From the second late payment onward, you’ll pay up to $41 for each late payment.
  • Customer service. If you have questions, call 800-347-2683 or chat with a representative online.

How do I redeem rewards from Discover it® Secured?

Log in to your online Discover Card account and choose a redemption option. Your options include:

  • Gift cards with a $5 bonus on each card
  • Pay at checkout with your cash back
  • Donate to charity
  • Deposit into your bank account or use toward your Discover card bill

You don’t need to access your online account to redeem your cash back. Call 800-347-2683 to redeem your rewards by phone.

Bottom line

The main purpose of Discover it® Secured is to help those who are trying to improve or build credit, so it is essential that you pay your monthly bill on time. Remember that your payments make up 35% of your credit score, so missing payments will have additional consequences.

Discover will review your account after eight months to see if you are eligible to have your deposit refunded and upgraded to an unsecured cards. It remains one of the best secured cards you’ll find on the market.

Frequently asked questions

Credit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our team evaluates credit cards to determine their value against similar cards on the market.

We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Learn the details of our methodology and scoring.

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  1. Default Gravatar
    October 14, 2018

    How likely am I to be approved with a credit score of 478

    • Avatarfinder Customer Care
      October 15, 2018

      Hi Quenten,

      Thanks for your question.

      Discover it Secured credit card requires a minimum credit score of 300 or higher. With a credit score of 478, you belong to the group of users with an average of 29% approval rate. Kindly note though that other eligibility criteria apply to be approved for this card.


  2. Default Gravatar
    October 13, 2018

    I want to try to get a apartment or a house can you please try to talk to me or how I do this to get a car from y’all

    • Avatarfinder Customer Care
      October 17, 2018

      Hi Brenda,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      If you are trying to buy an apartment, car or house using a credit card, you might find it difficult to do so. For one, not all sellers accept credit cards for apartments, cars, or houses.

      To buy an apartment or house, you might need to get a home loan and a car loan for a car. Check these pages and you should be able to find your options. Please review the criteria, details of the loan product, and its conditions, then contact the lender directly to discuss your loan options and eligibility.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


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