Discover it® Secured Credit Card
  • Rewarding Cash Back: This secured card offers an impressive cashback program, with 2% cash back on dining and gas (up to $1,000 in combined quarterly spending) and 1% on all other purchases.
  • Upgrade Potential: Discover automatically reviews your account after seven months, providing an opportunity to upgrade to an unsecured card if you've managed your account responsibly.
  • No Annual Fee: This card comes with no annual fee, making it an affordable choice for building or rebuilding credit.
  • Initial Deposit Requirement: To open this card, you must make an initial deposit, and it must be funded from a bank account. This could be a barrier for those who are unbanked.
  • Credit Limit Limitations: The card's credit limit ranges from $200 to $2,500. Some applicants may find these limits insufficient for their needs, especially if they require a higher credit limit.

The Discover it® Secured Credit Card stands out as the top choice among secured credit cards due to its attractive rewards program, absence of an annual fee, and the potential for account upgrades.

  1. No credit score required to apply.
  2. No annual fee, and you can earn cash back while building your credit history.
  3. Opportunity for an automatic transition to an unsecured line of credit after 7 months, with a refund of your security deposit.
  4. Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, and 1% cash back on all other purchases.
  5. Additional features like data privacy protection and Dark Web monitoring to safeguard your personal information.