Preloader Image 1 Preloader Image 2

Discover it® Secured Credit Card: review

Although Discover it® Secured is a secured credit card, it carries plenty of benefits. For instance, it has no annual fee, no foreign transaction fee and it comes with a rewards program.

Furthermore, it gives you the chance to establish or rebuild your credit history. This perk makes Discover it® Secured one of the best credit cards for people with bad credit.

Pros & Cons


  • No annual fee
  • Reports to the three major credit bureaus
  • Qualify with limited/bad credit
  • Earns rewards
  • New cardholder bonus offer


  • Requires minimum deposit
  • High APR
  • Requires a bank account

Rates, fees & offers

  • Annual fee: $0
  • Rewards rate: 1%-2%
  • Bonus offer: Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Intro APR: 10.99% intro APR on Balance Transfers for 6 months
  • Ongoing APR
    APR: 22.99% Variable APR
    Penalty APR: N/A
    Cash Advance APR: 24.99%, Variable
  • Balance transfer fee: Intro fee of 3% of the amount of each transfer for transfers that post to your account by February 10, 2022 with the 10,99% intro APR balance transfer offer described above. After that, 5% of the amount of each transfer.
  • Foreign transaction fee: 0%


Rewards potencial

  • 1% on purchases at Gas Stations and Restaurants over the quarterly cap, and all other purchases
  • 2% on purchases at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter
  • 2% on certain digital wallet transactions
  • 2% on purchases made from merchants located in the United States

Freeze it

Place a hold on the card via Online or Mobile banking. When you freeze your account, Discover will not authorize new purchases, cash advances or balance transfers.

However, other activities will continue, such as:

  • bills that merchants mark as recurring
  • returns
  • credits
  • dispute adjustments
  • delayed authorizations (such as transit purchases)
  • payments
  • Discover protection product fees
  • other account fees
  • interest
  • rewards redemptions
  • other exempted transactions.

Cashback match

They’ll match all the cash back rewards you’ve earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. 

How to request this card

Applying for a credit card is very simple and you can do it through the app or website. But you need:

  • Social Security Number
  • Gross income
  • Employer name (if applicable)
  • Rent/mortgage amount

Did you like this card? Click on the button below and get yours right now.