Credit Cards (US)
Discover it® Secured Credit Card review
The Discover it® Secured Credit Card is one of the best cards for those who need to rebuild their credit history. Check out our full review to learn more.
Discover it® Secured Credit Card: Credit building with no annual fee!
The Discover it® Secured Credit Card focuses on those who need to rebuild their financial lives and credit history. Usually, this type of card does not have any bonuses or rewards, but this card does!
You can get 2% cashback for spendings made at restaurants and gas stations. There is a welcome offer, where Discover is going to automatically match all of the cash back earned by you at the end of the first year of account opening.
As this is definitely a different secured card, it shows you information about how long until you are eligible to get a regular unsecured card.
And it also gives payment reports to the 3 major credit bureaus. If you want to learn more about this great secured credit card, just keep reading our full review!
How to get the Discover it® Secured Credit Card
Do you have a low credit score and need a credit card? The Discover it® Secured Credit Card can be a great fit for you! Read more to know how to apply!
How does this credit card work?
After getting the card, cardholders need to make a security deposit that will be the amount of their credit limit. And they can get cashback for their qualifying spendings.
As a cardholder, you can 2% cash back after spending $1,000 every quarter on gas stations and restaurants.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Discover it® Secured Credit Card benefits
Pros
- 0$ annual fee.
- The credit card company sends payment reports to all the three major credit bureaus.
- The card offers rewards even though it has no annual fee.
Cons
- The card has a relatively high variable APR.
- You need to make a deposit to get the card.
Should you get a Discover it® Secured Credit Card?
If you can pay for the relatively high variable APR and need to rebuild your credit, then you should get this card. Many cards are made for people with bad credit.
But this Discover It card can be the one with benefits that are similar to the perks of regular cards.
So, if you do not have a very high credit score and need to fix your situation, this can be a great option for you!
How good does your credit score need to be?
You do not need a high credit score to get this credit card. The credit card company accepts all kinds of credit, from poor to good. That is, from about 300 to 629 points.
How to apply for a Discover it® Secured?
Applying for this card is simple. Do you want to know how to apply for this great secured card that has many unique benefits? Then check out our post below with great information about the application process.
How to get the Discover it® Secured Credit Card
Do you have a low credit score and need a credit card? The Discover it® Secured Credit Card can be a great fit for you! Read more to know how to apply!
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
Senior Editor
Trending Topics
REI Co-op® Mastercard® full review: rewards in or out REI store
Check out the REI Co-op® Mastercard® review article and enjoy earning up to 5% back in rewards on REI purchases and other everyday purchases.
Keep ReadingDifference between bank and broker rates: get informed!
When looking for a loan, knowing the difference between bank and broker rates is important to find the best option. So, read on!
Keep ReadingHow to apply for the Coutts Silk Card
Check out the eligibility requirements and what else it takes for you to apply for a Coutts Silk Card. Read on for more!
Keep ReadingYou may also like
RBC Bank Review: Exceptional Customer Care
Discover the essentials in our RBC Bank Review: comprehensive services, transparent fees, and exceptional customer care, all tailored for your financial success. Uncover what sets RBC Bank apart in today's banking landscape.
Keep ReadingMarriott Bonvoy Boundless® Credit Card application: how does it work?
Looking for an easy way to gain travel rewards? Consider applying for the Marriott Bonvoy Boundless® Credit Card and start enjoying amazing benefits! Here are a few simple steps to get started on your journey.
Keep ReadingGO2bank™ review: is it the best choice for you?
Are you looking for a better banking experience? Look no further than GO2bank™. Read our GO2bank™ review!
Keep Reading