The Discover it® Secured Credit Card is one of the top choices for individuals looking to build or rebuild their credit. Unlike most secured cards, it offers cashback rewards, a transparent path to graduation, and no annual fee — all with the backing of Discover’s robust customer service and credit education tools.
It’s more than a credit builder; it’s a smart financial tool designed to help you grow responsibly while earning real value from day one.
What Is the Discover it® Secured Credit Card?
The Discover it® Secured is a secured credit card, meaning you provide a refundable security deposit (starting at $200) which becomes your credit limit. It reports to all three major credit bureaus — Equifax, Experian, and TransUnion — helping you build a positive credit history with on-time payments.
What sets it apart is that it offers real cashback rewards and a review for automatic graduation to an unsecured card after seven months of responsible use.
Key Features and Benefits
Cashback Rewards
Earn rewards just like a regular cashback card:
- 2% cash back at gas stations and restaurants (up to $1,000 in combined purchases each quarter)
- 1% cash back on all other purchases
- Unlimited Cashback Match: Discover matches all the cash back you’ve earned at the end of your first year — automatically
This is rare among secured cards, making it a rewarding choice even while building credit.
No Annual Fee
The card charges no annual fee, which means your entire deposit goes toward your credit line — and there’s no cost to keep the account open long-term.
Automatic Reviews Starting at 7 Months
After seven months, Discover automatically reviews your account to determine if you’re eligible to upgrade to an unsecured version and get your deposit back. This creates a clear, achievable path toward graduation.
Reports to All 3 Credit Bureaus
Every payment you make is reported to Equifax, Experian, and TransUnion, which is essential for building or repairing your credit profile over time.
Free FICO® Credit Score
Track your credit progress with free monthly FICO® Score updates — available through your online account or mobile app.
Zero Liability Protection and Freeze It®
Stay protected with:
- $0 fraud liability for unauthorized purchases
- Freeze It® tool: Instantly freeze your card via the app if it’s lost or stolen
Online Account Management and Alerts
Manage everything through the Discover app or website:
- Customizable alerts for due dates and spending
- Mobile payments via Apple Pay, Google Pay, or Samsung Pay
- 24/7 U.S.-based customer service
Security Deposit and Credit Limit
- Minimum security deposit: $200
- Maximum limit depends on your creditworthiness and ability to pay (up to $2,500)
- Your credit limit equals your deposit
- Deposit is refundable after account closure (if in good standing) or when you graduate to an unsecured card
Fees and APR
- Annual Fee: $0
- APR: Variable (typically around 28.24%)
- Foreign Transaction Fees: None
- Penalty Fees: Late and returned payment fees may apply
How to Apply for the Discover it® Secured Credit Card
- Go to discover.com/secured
- Fill out your personal and financial information
- Submit your security deposit — minimum $200
- Get a decision (often instantly) and card ships within 5–7 business days
- Use the card responsibly to build your credit history
Conclusion: Is the Discover it® Secured Card Worth It?
Yes — it’s one of the most valuable and user-friendly secured cards on the market. With real rewards, no annual fee, and a path to an unsecured card, the Discover it® Secured is ideal for:
- First-time credit users
- Those recovering from past credit issues
- Anyone who wants to build credit without overpaying
It’s a card designed to reward good habits — while helping you establish the financial credibility you need for the future.
