Discover it® Secured Credit Card

prepaid card

Apply Now
at Discover's Secure Site

Annual Fee


Regular APR

25.24% (variable)

Fraud Protection


Security Deposit

$200 minimum

Credit Limit

Equal to your deposit

Credit Reporting

Reports to all three bureaus

Credit Needed


Card Brand


The Discover it Secured Credit Card is a great secured credit card for building your credit and earning rewards at the same time. This card reports to all three of the major credit bureaus and offers a path to upgrading to an unsecured card in the future, typically after eight monthly on-time payments have been made.

The initial credit line is up to you. Discover gives you a credit line that is equal to your deposit, with the minimum deposit being $200 and the maximum deposit being $2,500. As mentioned before, Discover will review your account after eight months to determine if your deposit can be returned to you while you continue to enjoy your card's benefits. According to Discover's web site, these reviews will be based on responsible credit card management. Be sure to make all your payments on time and keep your balances low to increase your chances.

What makes this card great: unlimited cash-back rewards and no annual fee

Unlike most secured credit cards, the Discover it Secured credit card offers unlimited cash-back rewards and doesn't charge you an annual fee. With this card, you will earn...

- 2% cash back at gas stations and supermarkets up to $1,000 in combined purchases each quarter
- 1% unlimited cash back on all other purchases

And on top of that, Discover will match all the cash back you've earned your first year. So if you earn $200 cash back by the end of your first year, they'll credit an additional $200 to your account!

Free FICO® credit score and social security number alerts

As a Discover customer, you can view your FICO® credit score for free on your monthly statements, mobile app or online at any time. Your score is updated once per month. And on top of that, Discover will monitor your Experian® credit report for activity as well as notify you if they find your social security number on any of thousands of web sites on the dark web. Enrollment in this service is free, but it is not automatic. You must activate this service online.

To join, click APPLY NOW.