Overview

Who is this credit card designed for?

Discover it Secured Credit Card is a secured credit card credit card issued by Discover Bank, which is based in Greenwood, DE.  Secured cards are a type of credit card that is backed by a secured payment, which is used as collateral. These cards are often used by borrowers with poor credit or little credit history to help build their credit.

Discover it Secured Credit Card is designed for people with a credit score of 300 to 700. It's perfect for consumers looking for a card without an annual fee. It is designed for people who want a cashback rewards program. This card allows you to earn cash on the purchases you make. A rewards program is included that allows you to convert your purchases into travel, gifts, or other perks.

This card has a credit limit of $2500.

What are the relevant APRs?

Discover it Secured Credit Card has a variable purchase APR starting at 24.49%.

The card has a variable balance transfer APR starting at 24.49%.

It also has a variable cash advance APR starting at 26.49%.

Is an introductory APR offer available?

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.

What are the fees?

The following fees apply to Discover it Secured Credit Card:

• There is no annual fee.
• A late payment penalty of up to $37.
• Discover it Secured Credit Card does not charge a returned payment fee.

Is a rewards program offered?

Discover it Secured Credit Card offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This card features rewards for purchases in the following categories:

• Every Purchase
• Gas
• Restaurants

Is a signup bonus offered?

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

Is an annual loyalty bonus offered?

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

What additional benefits are offered?

 Discover it Secured Credit Card provides the following benefits:

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

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
• Innovis

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.