Discover it® Secured Credit Card

Build or rebuild your credit with responsible use.

6Refer to description in footnote section

No annual fee Apply Now

It's a Real Credit Card

Unlike a prepaid or debit card, this is a real credit card that lets you build your credit history with the three major credit bureaus.

Refundable Deposit

Your secured credit card requires a refundable security deposit.8 You choose the deposit amount up to the credit line approved.

Earn 2% Cash Back

At gas stations and restaurants on up to $1,000 in purchases each quarter.†† Plus, earn unlimited 1% cash back on all other purchases — automatically.

Unlimited Cashback Match

Only from Discover.We'll automatically match all the cash back you've earned at the end of your first year.2 There is no limit to how much we'll match.

FICO® Credit Score for free

Easily view your FICO® Credit Score on monthly statements, mobile and online for free.5

Secured Credit Card FAQ's

See all FAQ's

Here's how it works

  • Apply & provide a deposit

    Apply & provide a deposit

    If approved, secure your line with an equal security deposit. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line.7

  • Build your credit responsibly

    Build your credit responsibly

    Be sure to pay your bill on time. To avoid interest charges, pay your balance in full each month.

  • Convert to an unsecured card

    Convert to an unsecured card

    Using credit responsibly across all your credit cards and loans, including Discover and others, may qualify you to get your security deposit back and convert to an unsecured card.8

Compare Secured Credit Cards

Table to compare Discover it® Secured ‡ with other cash back cards
Discover it secured credit card
Discover it® Secured ‡
Discover it® Secured ‡ Capital One Secured MasterCard Bank Americard Secured Credit Card Citi Secured MasterCard
No Annual FeeRefer to footnote Discover it ® Secured Card

VALUE

Discover it<sup>®</sup> Secured<a href="#double-dagg"> ‡</a>
Capital One Secured MasterCard
Bank Americard Secured Credit Card
Citi Secured MasterCard
Refundable security deposit8Refer to description in footnote section

Automatic monthly reviews starting at 8 months to see if we can transition you to an account with no security deposit 8Refer to description in footnote section.

See other issuers’ websites for their review periods.

Reports to all three major credit bureaus
Paying late won't raise your APR
No late fee on your first late payment

See For Yourself

 ‡Cash back rewards ‐ Discover: 2% at gas stations and restaurants on up to $1,000 in combined purchases each quarter. 1% on all other purchases.

Chart comparisons conducted by an independent research firm and based on competitor info compiled in October 2020. 

  • 22.99% Standard Variable Purchase APR applies.

Not sure if a secured credit card is right for you?

You may want to consider a credit card without a security deposit like Discover it®

Benefits that don't just talk the talk

Freeze it® on/off switch for your account.

If you misplace your card, you can freeze your account on our mobile app or website to prevent new purchases, cash advances, and balance transfers.4

FICO® Credit Score for Free.

Easily view your FICO® Credit Score on monthly statements, mobile and online for free.5

Learn More

Looking out for you.

We monitor every purchase, everyday for suspicious activity. And you're never responsible for unauthorized purchases on your Discover card.

100% U.S. based customer service.

Here to help whenever you call, not sell you other products. Plus get powerful, fast mobile and online service.

Tap to pay.

It's fast and easy to pay with your contactless Discover Card at millions of places.

99% nationwide acceptance

Discover is accepted by 99% of the places across the country that take credit cards.10

Discover it® Secured credit card

Annual Fee: None. 22.99% standard variable purchase APR. Intro Balance Transfer APR is 10.99% for 6 months from date of first transfer, for transfers under this offer that post to your account by  then the standard purchase APR applies. Cash APR: 24.99% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% Intro fee on balances transferred by  and up to 5% fee for future balance transfers will apply. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

 

††You earn a full 2% Cashback Bonus® on your first $1000 in combined purchases at Gas Stations (stand-alone), and Restaurants each calendar quarter. Calendar quarters are defined as the three-month periods beginning January 1, April 1, July 1, and October 1. Purchases at Gas Stations and Restaurants over the quarterly cap, and all other purchases, earn 1% cash back. Purchases made at Gas Stations include only merchants in the category that sell automotive gasoline that can be paid for either at the pump or inside the station. Gas Stations affiliated with supermarkets and supercenters may not be eligible. Restaurant purchases include only those made at merchants classified as full-service restaurants, cafes, cafeterias and fast food locations. Certain digital wallet transactions qualify for 2% Cashback Bonus, for more information see Discover.com/digitalwallets. Purchases made through third-party payment accounts, mobile or wireless card readers, virtual wallets or similar technology will not be eligible if the technology does not provide sufficient transaction details for rewards qualification. 2% Cashback Categories: In accordance with standard industry practices, merchants are assigned a merchant category code (MCC) typically based on their line of business, or the type of products and/or services they primarily sell or provide. Discover Card does not assign MCCs to merchants. Even if you make purchases at a merchant of items that appear to fit in a rewards category, the merchant may not have an assigned MCC in that rewards category. Only purchases made from merchants located in the United States are eligible for 2% Cashback Bonus. In order for a purchase to qualify for the 2% Cashback Bonus Program, the transaction date must be before or on the last day of the offer or promotion. Rewards are added to your Cashback Bonus account within two billing periods. See Cashback Bonus Program Terms and ConditionsOpens PDF for more information about your rewards.

  1. Discover® Identity Alerts are offered by Discover Bank at no cost, only available online, and currently include the following services: (a) daily monitoring of your Experian® credit report and an alert when a new inquiry or account is listed on your report; (b) daily monitoring of thousands of Dark Web sites known for revealing personal information and an alert if your Social Security number is found on such a website. This information is intended for, and only provided to, Primary credit cardmembers whose accounts are open, in good standing and have an email address on file. The Primary cardmember must agree online to receive identity alerts. Identity alert services are based on Experian information and data which may differ from information and data at other credit bureaus. Monitoring your credit report does not impact your credit score. This benefit may change or end in the future. Discover Bank is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. To see a list of Frequently Asked Questions, visit discover.com/freealerts.

  2. Cashback Match: Only from Discover, as of October 2020. We'll match all the cash back rewards you've earned on your credit card from the day your new account is approved through your first 12 consecutive billing periods or 365 days, whichever is longer, and add it to your rewards account within two billing periods. You've earned cash back rewards only when they're processed, which may be after the transaction date. We will not match: rewards that are processed after your match period ends; statement credits; rewards transfers from Discover checking or other deposit accounts; or rewards for accounts that are closed. This promotional offer may not be available in the future and is exclusively for new cardmembers. No purchase minimums.

  3. Redeem Any Amount Any Time: We will credit your account with your cash back bonus balance if your account is closed or has not been used in 18 months. See rewards terms and conditionsOpens PDF.

  4. Freeze it®: When you freeze your account, Discover will not authorize new purchases, cash advances or balance transfers. However, some activity will continue, including bills that merchants mark as recurring, as well as returns, credits, dispute adjustments, delayed authorizations (such as some transit purchases), payments, Discover protection product fees, other account fees, interest, rewards redemptions and certain other exempted transactions.

  5. FICO® Credit Score Terms: Your FICO® Credit Score, key factors and other credit information are based on data from TransUnion® and may be different from other credit scores and other credit information provided by different bureaus. This information is intended for and only provided to Primary account holders who have an available score. See Discover.com/FICO about the availability of your score. Your score, key factors and other credit information are available on Discover.com and cardmembers are also provided a score on statements. Customers will see up to a year of recent scores online. Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. This benefit may change or end in the future. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

    If you prefer not to receive your FICO® Credit Score just call us at 1-800-DISCOVER (1-800-347-2683). Please give us two billing cycles to process your request. To learn more, visit Discover.com/FICO.

  6. Builds credit with responsible use: Discover reports your credit history to the three major credit bureaus so it can help build your credit if used responsibly. Late payments, delinquencies or other derogatory activity with your other credit card accounts and loans may impact your ability to build credit.

  7. Minimum Security Deposit: A minimum security deposit of $200 is required to open this account and your security deposit must equal your credit limit. Your maximum credit limit (up to $2500) will be determined by your income and ability to pay.

  8. Discover refunds deposits two ways: 1) automatic monthly reviews at 8 months to see if your account qualifies to "graduate" after showing responsible use of all your credit over time, or 2) when you close your account and pay in full we will return the security deposit to you. Deposit refunds can take up to two billing cycles plus ten days.

  9. Reviews: Discover it card's average "Overall Rating" based on reviews by cardmembers as seen at https://www.discover.com/credit-cards/secured/reviews/

  10. Acceptance: According to the Feb 2020 issue of the Nilson Report.