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Wells Fargo Secured Credit Card vs Discover it® Secured

Two secured credit cards for those with poor credit.

Megan Horner
Megan Horner

Updated

Fact checked

The Wells Fargo Secured Credit Card comes with a $25 annual fee and without any welcome offer or rewards on your purchases. Meanwhile, the Discover it® Secured comes with a $0 annual fee, and you get to earn accelerated cash back on dining and gas. Discover will also double all cash back you earn during your first year.

Learn more about the perks and features of these cards in the table below.

Wells Fargo Secured Credit Card

Wells Fargo Secured Credit Card

Rates & Fees

Discover it® Secured

Discover it® Secured

Rates & Fees
finder.com's rating
finder.com's rating

★★★★★

3.8 / 5.0

★★★★★

4.4 / 5.0
Best for
Best for
  • Low annual fee for credit-building card
  • Earning rewards while building credit
Welcome offer
Welcome offer

N/A

Discover will match cash back earned at the end of your first card year
Rewards
Rewards

N/A

2% back on gas and dining up to $1,000 combined each activated quarter, then 1% after that and on all other purchases
Purchase APR
Purchase APR

20.49% variable

22.99% variable

Annual fee
Annual fee $25 $0
Balance transfer APR
Balance transfer APR

20.49% variable

10.99% intro APR for 6 months, then 22.99% variable
Cash advance
Cash advance

APR: 25.49% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 24.99% variable

Fee: $10 or 5% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee 3% of each transaction or $3, whichever is greater None
Late payment fee
Late payment fee $37 Up to $40
Additional cardholder fee
Additional cardholder fee $0 $0
Interest-free period
Interest-free period 25 days 25 days
Minimum interest
Minimum interest $1 $0.50
Minimum credit score
Minimum credit score 300 300
Card type
Card type Credit Credit
Learn more
Learn more

Summary of card features

Wells Fargo Secured Credit Card

Wells Fargo Secured Credit Card

  • Build credit with reporting to credit bureaus
  • Upgrade to an unsecured Wells Fargo card with responsible card use
  • US residency not required
  • $10,000 credit limit

Discover it® Secured

Discover it® Secured

  • Build your credit. Responsible use of the card will help you build your credit score, as the card reports to all three major credit bureaus — Equifax, Experian and TransUnion.
  • Earn cash back. Earn 2% back on dining and gas on up to $1,000 in combined purchases each quarter. On everything else you buy, you’ll earn 1% cash back.
  • Intro APR period on balance transfers. Enjoy a 10.99% intro APR period on balance transfers for 6 months. After that, a variable APR of 22.99% applies.

Compare secured credit cards with rewards

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