The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.


  • Discover it® Secured Credit Card

    A practical no-annual-fee secured card for earning cash back and building credit


    • 28.24% VariableAPR
    • $200Min. Security Deposit
    • $0Annual Fee
    • Limited–PoorRecommended Credit

The Discover it® Secured Credit Card is more than just a credit-building tool — it offers genuine perks typically found in top-tier rewards cards. While the initial deposit is a step towards your financial future, you also earn while you learn. The card's unique blend of rewards, combined with Discover's vigilant dark web monitoring, ensures you're building credit safely. Remarkably, it's accessible even to consumers without a credit score, making it a standout choice for anyone embarking on a credit journey. In essence, it's a card that provides value, rewards and peace of mind all in one.

Discover it® Secured Credit Card Overview

When selecting a credit card, it's worthwhile to carefully evaluate its features, as these can significantly impact your financial journey, both positively and negatively.

  • Regular APR: 28.24% Variable APR
  • Deposit required: $200–$2,500
  • Potential credit limit: $200–$2,500 (equal to your deposit)
  • Annual fee: $0
  • Rewards rate: Earn 2% cash back on up to $1,000 spent at gas stations and restaurants each quarter. Earn 1% on all other purchases.

You can take these details and use them to compare what other cards and companies are offering. Remember that the best credit card for you will depend on your spending habits, lifestyle and financial goals.

Important Card Details

Navigating the world of credit cards can be a complex endeavor, especially when evaluating the nuanced features that set each card apart. In the analysis below, we delve into the specific attributes of the Discover it® Secured Credit Card, highlighting both its notable advantages and areas for careful consideration.

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    Security Deposit

    The Discover it® Secured Credit Card requires a refundable security deposit, directly setting your credit limit. This deposit serves as a safety net for the issuer and a personal commitment on your part, with amounts starting at just $200. It's a win-win; you benefit from credit without a credit check, and Discover has a financial cushion. Over time, as you demonstrate responsible card use, there's potential to reclaim this deposit, underscoring the card's user-centric design.

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    Cash Back Rewards

    In the world of secured credit cards, earning rewards is a rare gem. With the Discover it® Secured Credit Card, you earn cash back while building your credit. Pump gas or dine out and enjoy 2% cash back on up to $1,000 each quarter. For other purchases? A constant 1%. This card is more than just a credit-building tool; it's a lifestyle card that rewards your everyday spending.

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    Credit-Building Potential

    Acceptance without a credit score is huge. This card is a beacon for consumers with limited or tarnished credit histories. Regular reporting to major credit bureaus provides an avenue to demonstrate financial responsibility. The standout feature? After seven months, Discover reviews your account. If you've been a responsible card user, there's a chance to transition to an unsecured line, which means getting your security deposit back.

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    Security Protections

    The online world is full of risks, and data breaches are a constant threat. However, Discover it® Secured offers a proactive solution. If your Social Security number appears on Dark Web sites, you'll receive a notification. And guess what? This security feature doesn't cost you a dime. For consumers who value both financial and digital security, this card offers peace of mind on both fronts. In today's age, such a vigilant safeguard is not just a luxury but a necessity.

How the Discover it® Secured Credit Card Compares

Comparing the features and benefits of two credit cards will help you make an informed decision that aligns with your financial needs and goals, giving you a sense of offerings from other companies.

How This Card Compares

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Discover it® Secured Credit Card

  • Regular APR: 28.24% Variable APR
  • Deposit required: $200–$2,500
  • Potential credit limit: $200–$2,500 (equal to your deposit)
  • Annual fee: $0
  • Rewards rate: Earn 2% cash back on up to $1,000 spent at gas stations and restaurants each quarter. Earn 1% on all other purchases.
  • Best for: Consumers looking to build or rebuild their credit history while benefiting from cash back rewards without the burden of an annual fee.
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Capital One Quicksilver Secured Cash Rewards Credit Card

  • Regular APR: 30.74% Variable
  • Deposit required: $200
  • Potential credit limit: $200
  • Annual fee: $0
  • Rewards rate: Earn 5% cash back on hotel and rental car bookings through Capital One Travel and 1.5% cash back on all eligible purchases.
  • Best for: Travel enthusiasts seeking a secured card that offers high cash back on hotel and rental car bookings, combined with a generous rewards rate on everyday purchases.

About Grace Pilling


Grace Pilling headshot

Grace Pilling is passionate about empowering readers to make informed financial choices to support their best lives, not a company’s bottom line. Prior to joining MoneyGeek as a senior content manager, Grace was a senior editor at CreditCards.com and Bankrate, where she focused on teaching people how to use credit cards wisely.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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