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The Discover it® Secured Credit Card is a beginner-friendly card designed for people who want to establish or rebuild their credit history. Unlike traditional secured cards, it also offers cashback rewards, making it one of the most rewarding secured products available.
The Discover it® Secured stands out because it combines accessibility with real benefits. It requires a refundable security deposit but gives cardholders the ability to earn cashback on every purchase while building a credit profile.
What Is The Discover it® Secured Credit Card?
This card is a secured credit card issued by Discover. Applicants provide a refundable deposit (minimum $200), which acts as their credit limit. Unlike most secured cards, it earns rewards: 2% cashback at restaurants and gas stations (on up to $1,000 combined each quarter) and 1% cashback on all other purchases.
After several months of responsible use, Discover may upgrade cardholders to an unsecured account and refund the deposit.
BUILD CREDIT WHILE EARNING REWARDSMain Benefits
- 💳 2% cashback at restaurants and gas stations (up to $1,000 quarterly)
- 💵 1% cashback on all other purchases
- 🔒 Refundable security deposit starting at $200
- 📈 Reports to all three credit bureaus
- 💰 Opportunity to graduate to an unsecured card
- 🌎 No annual fee
- 🛡️ Free access to your FICO® credit score
Who Can Apply
The Discover it® Secured is available to U.S. residents who want to build or rebuild credit. Even applicants with limited or poor credit history may qualify, as the security deposit reduces lender risk.
Fees And Rates
BUILD CREDIT WHILE EARNING REWARDS- 💰 No annual fee
- 💸 Variable APR depending on creditworthiness
- 🌍 No foreign transaction fees
- 💵 Minimum $200 deposit required
How Cashback Works
Cardholders earn cashback on every purchase, with bonus rates for gas and dining. Rewards can be redeemed as statement credits, deposits, or gift cards. Discover also matches all cashback earned at the end of the first year for new cardholders.
Why It Stands Out
The Discover it® Secured combines credit-building with real rewards. Most secured cards don’t offer cashback, making this product uniquely valuable. It also has no annual fee, making it cost-effective for beginners.
BUILD CREDIT WHILE EARNING REWARDSFAQ – Frequently Asked Questions
1. What is a secured card?
It requires a refundable deposit to open.
2. What is the minimum deposit?
$200, which sets your credit limit.
3. How much cashback can I earn?
2% at restaurants and gas stations (up to $1,000 quarterly), 1% elsewhere.
4. Does Discover match rewards?
Yes, all cashback earned in the first year is matched.
5. Does it report to credit bureaus?
Yes, to all three.
6. Does it have an annual fee?
No, it’s free to keep.
7. Can I upgrade later?
Yes, Discover reviews your account for unsecured upgrades.
8. Do I need good credit to apply?
No, it’s designed for limited or poor credit.
9. Do rewards expire?
No, cashback never expires.
10. Can I use it internationally?
Yes, with no foreign transaction fees.
Conclusion
The Discover it® Secured Credit Card is one of the best tools for building credit responsibly. With cashback rewards, no annual fee, and the chance to upgrade to an unsecured card, it provides real value while helping cardholders grow their financial profile.
While the deposit requirement may deter some, it’s refundable and a stepping stone toward better cards. For anyone serious about building credit, this card offers a rare combination of accessibility and rewards.