The Discover it® Secured Credit Card helps you build or rebuild credit with ease, offering cashback and everyday perks. With simple approval and cashback rewards, this card supports financial growth while offering everyday perks.
What makes the Discover it® Secured stand out is its approach that balances educational tools, security, and an easy-to-understand rewards program. Ideal for those focused on responsible credit use, this card also offers perks rarely seen in secured credit options.
If you’re looking for a card that supports your journey toward a stronger credit profile while offering tangible financial rewards, keep reading to explore why the Discover it® Secured Credit Card might be the perfect first step.
Meet the Issuer
Discover Bank is a leading financial institution in the U.S., recognized for delivering innovative and customer-centric solutions. Their credit card portfolio reflects a strong commitment to accessibility and transparency.
The Discover it® Secured Credit Card is designed to help users build or rebuild their credit responsibly. It offers essential protections, access to financial education tools, and a simple cashback rewards program.
Through these initiatives, Discover Bank affirms its role as a trusted partner in its customers’ financial progress. The Discover it® Secured card empowers individuals to strengthen their credit with control and flexibility.
Main Benefits of the Card
No Annual Fee: Enjoy all benefits without paying annual charges, helping maintain low overall costs.
Earn Cashback Everywhere: Get 2% cashback at gas stations and restaurants (up to $1,000 combined per quarter), and 1% on all other purchases without limits.
First-Year Cashback Match: At the end of the first year, Discover will automatically match all the cashback earned, effectively doubling your rewards without any caps.
Monthly Credit Score Access: Stay informed about your progress with free FICO® Score updates, helping track your credit journey.
Reporting to Major Credit Bureaus: On-time payments and responsible use are reported monthly to Equifax, Experian, and TransUnion.
Fraud Protection: Zero liability on unauthorized charges, plus proactive fraud monitoring and alerts.
Refundable Security Deposit: Start with a minimum deposit of $200, which determines your credit limit and protects the account.
Pathway to Upgrade: After 7 months of responsible account management, Discover may review your account for an upgrade to an unsecured card, refunding your deposit.
Discover It Secured: Fees and Commissions
The card has no annual fee, ensuring affordability from the start. The variable APR for purchases and cash advances is currently 28.24%, making it important to pay the balance in full each month to avoid interest charges.
Discover also stands out by waiving foreign transaction fees, making this a rare secured card suitable for travel or online international shopping.
As terms can change, always consult Discover’s official website for the latest information.
Card Limit
Your approved credit limit is directly tied to your security deposit, starting at $200. Discover may allow deposits of up to $2,500, depending on your financial situation.
Over time, cardholders demonstrating responsible use may qualify to transition to an unsecured card.
Positive points
- Accessible Approval:Perfect for those with little or no credit history, offering a secured option that minimizes risk while building credit.
- Cashback on Purchases:Earn cashback even while rebuilding your credit—an advantage not common among secured cards.
- First-Year Cashback Match:Discover’s signature program doubles all your cashback in the first year, boosting your earning potential from the start.
Negative points
- High APR:With a 28.24% APR, carrying a balance can become expensive, emphasizing the need for monthly full payments.
- Limited Premium Perks:The card focuses on building credit and rewards rather than offering luxury travel or lifestyle benefits.<
- Cap on Bonus Categories:2% cashback at gas stations and restaurants is capped quarterly, while other purchases earn a flat 1% rate.
How to Apply for Discover It Secured Credit Card
- Go to Discover’s official website.
- Find the Discover it® Secured Credit Card page.
- Click on “Apply Now” to begin your application.
- Provide your personal and financial information.
- Choose the amount you’d like to place as your refundable deposit.
- Submit your application for approval.
- Once approved, your card will be shipped to your address, and you can begin using it immediately.
How to Contact Discover It Secured
- Phone: 1-800-347-2683
- Chat: Available on Discover’s website or mobile app.
- App Support: Manage your account and communicate via Discover’s mobile app.
- Email Support: Accessible through the secure online banking platform.
The Discover it® Secured Credit Card is more than just a tool for building credit—it’s a secure, rewarding, and straightforward way to take control of your financial journey. Apply today and take your first step toward financial empowerment.