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  Discover it Secured Credit Card

Discover it Secured Credit Card

in Personal Credit Cards from Discover Bank

Unaffiliated

Discover it Secured Credit Card

Unaffiliated

in Personal Credit Cards from Discover Bank

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Highlights
Highlights
Annual Fee $0
Purchase APR (Variable APR) Starting at 25.24%
Balance Transfer APR (Variable APR) Starting at 25.24%
Credit Score Range 300 - 700

Discover it Secured Credit Card Review

Discover it Secured Credit Card is a secured credit card cashback credit card issued by Discover Bank. 

Secured cards are credit cards that require a refundable deposit before you qualify for a line of credit. These cards are often used to build the credit of consumers with with poor credit or little credit history.

Good for building credit. This card is designed to help you build your credit. So you may qualify even if you have limited or poor credit. The minimum credit score to apply is 300.

Credit limit. This card has a credit limit of up to 2500.

If you're wondering whether Discover it Secured Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Is there a Discover it Secured Credit Card cash back or rewards program?

Discover it Secured Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Discover it Secured Credit Card you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 2% for purchases in a bonus category.

Discover it Secured Credit Card Rewards
Rewards rate (all purchases) 1%
Max rewards rate 2%
Annual rewards limit N/A
Signup Bonus ($) N/A
Signup Bonus Spend Requirement $0

Does Discover it Secured Credit Card have a signup bonus?

Discover it Secured Credit Card doesn't offer a cash signup bonus.

Does Discover it Secured Credit Card offer an annual loyalty bonus?

Discover it Secured Credit Card doesn't offer a cash loyalty bonus.

What are the Discover it Secured Credit Card benefits?

Discover it Secured Credit Card provides the following benefits:

  • Free Credit Score
  • Fraud Liability
  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for Discover it Secured Credit Card?

Discover it Secured Credit Card has a variable purchase APR starting at 25.24% . The card has a variable balance transfer APR starting at 25.24% .

It also has a variable cash advance APR starting at 27.24% .

The good news is this card does not charge a penalty APR if you are late on a payment.

Does Discover it Secured Credit Card have an introductory APR offer?

Yes, Discover it Secured Credit Card offers an introductory APR rate on balance transfers of 10.99% for a period of 6 months.

Discover it Secured Credit Card does not offer an introductory rate on new purchases.
Discover it Secured Credit Card Rates & Terms
Purchase APR Starting at 25.24%
Balance Transfer APR Starting at 25.24%
Cash Advance APR Starting at 27.24%
Penalty APR 0%

What are the Discover it Secured Credit Card fees?

No Annual Fee. Discover it Secured Credit Card does not charge an annual fee.

The following fees apply to Discover it Secured Credit Card:

Discover it Secured Credit Card Fees
Fees Amount
Annual Fee $0
Balance Transfer Fee 3%
Returned Payment Fee $37
Late Payment Fee up to $37

Does Discover it Secured Credit Card report your account activity to credit bureaus?

Discover it Secured Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Discover it Secured Credit Card

  • Visit the Discover Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period for Late Payment (Days) 25
Annual Fee $0
No Annual Fee  
No Foreign Transaction Fee  
Returned Payment Fee $37
Minimum Interest Charge $0.50
Late Fee Amount Up to $37
Balance Transfer Fee % 3%
Cash Advance Fee ($) Starting at $10
Cash Advance Fee (%) Starting at 5%
Cash Advance Fee Minimum $10
Minimum Age 18
Credit Score Range 300 - 700
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Customer Type Personal
Fraud Liability  
Free FICO Score  
Credit Card Benefits
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
Every Purchase 2% at gas stations and restaurants on up to $1,000 in combined purchases each quarter.
No Reward Expiration Period  
Rewards Categories
  • Every Purchase
  • Gas
  • Restaurants
Purchase APR (Variable APR) Starting at 25.24%
Cash Advance APR (Variable APR) Starting at 27.24%
Balance Computation daily balance (including new transactions)
Credit Limit 2500
Penalty APR 0%
Balance Transfer APR (Variable APR) Starting at 25.24%
Introductory Rate 10.99%
Intro APR period (months) 6

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