Take control of your financial future with the Discover It Secured Credit Card, designed to help you build credit responsibly and enjoy rewards.
What you need to know about this credit card:
- Security Deposit: Minimum $200 refundable deposit, determines your credit limit.
- APR: Standard variable purchase APR of 27.24%.
- Credit Building: Reports to major credit bureaus to help establish or rebuild your credit.
- Pre-Approval: Check eligibility with no impact on your credit score.
Pros
- Earn Rewards: 2% cash back at gas stations and restaurants, 1% on other purchases.
- No Annual Fee: Enjoy a card with zero yearly fees.
- Deposit Return: Automatic reviews after seven months for potential upgrade and deposit refund.
- Fraud Protection: $0 liability for unauthorized purchases.
- Credit Monitoring: Free FICO® Score updates for better financial tracking.
Cons
- High APR: Standard purchase APR may be steep for some.
- Deposit Requirement: Initial deposit of at least $200 required.
Why Choose Discover for your credit card?
Compared to Chase Bank, Discover offers cashback rewards even on secured cards, which Chase does not provide.
Unlike U.S. Bank, Discover’s credit-building features are complemented by no annual fees, making it more cost-effective.
While Bank of America charges annual fees on some secured cards, Discover keeps it fee-free.
Compared to Capital One, Discover delivers more robust rewards on secured credit cards, doubling cash back in the first year.
Citi’s secured cards may lack features like cashback rewards, where Discover shines with automatic reward matching.
Discover It Secured Credit Card: let’s get to know it a little better
How to apply for your Discover It Secured Credit Card
Ready to start building credit and earning rewards? Click below to explore all the benefits and apply today!