Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
At a glance
Annual fee: $0 (No annual fee)
Security deposit: $200 min (Refundable security deposit)
Rewards: 2% gas/dining + 1% (Rare for a secured card)
Cashback Match: 1st year (Discover matches all cash back earned year one)
Who Discover it Secured Credit Card is best for
Borrowers rebuilding credit who want to earn meaningful rewards while doing so.
Pros
Earns real cash-back rewards (2% gas + restaurants, 1% everything else) — rare for secured cards
Cashback Match doubles all rewards in the first year
Reports to all three bureaus
Automatic credit-line reviews every 7 months for potential graduation to unsecured
No annual fee
Cons
Standard APR is high (around 28%+) — pay in full each month
Initial credit limit equals deposit (no above-deposit limit unlike some Capital One products)
Some users report Cashback Match payout structure can be confusing
Discover it Secured Credit Card requirements
US resident with SSN
18+ years old
$200 security deposit minimum
Discover it Secured Credit Card alternatives
Self Credit Builder Account(Self Financial, Inc.) — Borrowers with no credit history who can afford $25-$150 monthly payments for 12-24 months. Read reviewGet started at Self Financial, Inc. →
MoneyLion Credit Builder Plus(MoneyLion Inc.) — Borrowers who want a credit-builder loan plus banking + investing features in one app. Read reviewGet started at MoneyLion Inc. →
Bottom line
Discover it Secured Credit Card — Secured card with cash-back rewards — rare combination. Best for: Borrowers rebuilding credit who want to earn meaningful rewards while doing so.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
Questions about Discover it Secured Credit Card
Who is the Discover it Secured Credit Card best for?
It is geared toward borrowers rebuilding credit who want to earn meaningful rewards while doing so. The combination of a refundable security deposit and cash-back rewards is rare for a secured card.
Does the Discover it Secured Credit Card have an annual fee?
No. According to the card's published details it carries a $0 annual fee.
How much security deposit does the Discover it Secured require?
It requires a refundable security deposit of $200 minimum, and your initial credit limit equals that deposit.
What rewards does the Discover it Secured Credit Card earn?
It earns 2% cash back on gas and dining plus 1% on everything else — uncommon for a secured card. Discover also runs a Cashback Match that matches all cash back earned in the first year.
Does the Discover it Secured help build credit, and what should I watch for?
It reports to all three bureaus and runs automatic account reviews around every 7 months for possible graduation to an unsecured card. Note its standard APR is high (around 28%+ per the card details), so paying the balance in full each month avoids interest. ClearValue is an independent information platform; confirm current terms and eligibility directly with Discover.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
Scored consistently across every product and independent of any compensation. Full methodology →
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