Reviews
Discover it® Secured credit card full review: should you get it?
Need to build credit? So, get to know one of the best options on the market. With the Discover it® Secured credit card, you improve your credit score while receiving 2% cash back. Read this article and learn about this option!
Advertisement
Discover it® Secured credit card: because you deserve to build your credit while earning 2% cashback!
In fact, Discover it® is a family of cards with perks that have made them very famous and coveted. A member of this group, the Discover it® Secured credit card is the option for anyone who needs to build credit.
Discover it® Secured card: check out how to apply!
Learn how to apply for a Discover it® Secured credit card. A credit building card that offers an excellent rewards program: 2% cash back and double all your rewards earned in the first year!
Thus, you are faced with an option with advantages that are common only for products designed for good credit scores. So take a look at this full review and find out if this card is really for you.
| Credit Score | Poor (300-629) |
| Annual Fee | $0 |
| Regular APR | 24.49% (variable) |
| Welcome bonus | Balance transfer APR 10.99% for 6 months after first transfer (for transfers made before October 10, 2022) |
| Rewards | 2% cashback on gasoline and restaurants up to $1,000 per quarter; 1% unlimited on other purchases; double the amount of rewards earned in the first year (Cashback Match) |
Discover it® Secured card: learn more about this financial product
In fact, Discover it® Secured is a secure card option for anyone who is new to credit or needs to (re)build it. For this reason, your credit score is not a criterion assessed during the application.
In addition to the basic features of a credit card (reporting to the main credit agencies), this product offers rewards. We’re talking a cashback program that pays 2% on all your gas station purchases or restaurant expenses up to $1,000.
In addition, there is an unlimited 1% payout on all other purchases. However, that is not all! Discover it® cards offer the Cashback Match program that doubles your earnings from the first year of use.
This means that if you earned $500 cashback in the first year, you will automatically receive $1,000 in your account. Without a doubt, this promotion is incredible and it goes without saying that there is nothing like it on the other cards.
Also, we can’t help but mention that this is a product with a $0 annuity.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
Discover it® Secured credit card features
Time to decide if Discover it® Secured card is right for you. Therefore, take a look at the main advantages and disadvantages of this product:
What are the benefits?
- 2% cashback on purchases at gas stations and restaurants, 1% on other categories;
- After 7 months of use, find out if you are eligible for a superior Discover it® card;
- No tax on foreign transfers;
- There are no fees charged the first time you delay your payment.
What are the drawbacks?
- Minimum deposit required (from $200 to $2,500);
- Relatively high APR compared to other secured cards;
- You only get your deposit back if you have made the last 6 balance payments on time and are in good standing on all cards you currently use (Discover it® or not);
- The reward program has a 2% earning cap, which reduces earning potential.
What credit score do you need to get the Discover it® Secured credit card?
In fact, the Discover it® Secured card does not require any minimum score. However, we recommend it for people with poor scores because it is a secured card.
Therefore, it is worth applying for this product if you have a score between 300 and 629. For higher scores, consider applying for other Discover it® family cards.
How does the Discover it® Secured credit card application process work?
Does the Discover it® Secured card have what you need? So find out how to count on these advantages in your financial life. Click on the link below and read a full article about the application process for this card.
Discover it® Secured card: check out how to apply!
Learn how to apply for a Discover it® Secured credit card. A credit building card that offers an excellent rewards program: 2% cash back and double all your rewards earned in the first year!
Trending Topics
Is Foster the Money safe?
Security and reliability are two of the most important aspects of a personal finance website. Find out if Foster the Money is up to par.
Keep Reading
Citi® Secured Mastercard® full review: should you get it?
The Citi® Secured Mastercard® is a credit-building option you need to know about: monthly reports to credit bureaus and no annual fee!
Keep Reading
PREMIER Bankcard® Secured credit card full review: should you get it?
The PREMIER Bankcard® Secured credit card is different from other options on the market: $5,000 limit and much more! Find out here.
Keep ReadingYou may also like
Earnest Student Loan: find out how to apply!
Apply to Earnest Student Loan and get access to student loans free of most fees charged by other companies in the field. Find out more here!
Keep Reading
Upgrade Card: check out how to apply!
Build your credit without worrying about fees and having a great credit limit at your disposal. Learn how to apply for the Upgrade Card.
Keep Reading
Wells Fargo Reflect℠ Card or Upgrade Cash Rewards Card: discover your best fit
Two credit products with very different benefits: Wells Fargo Reflect℠ or Upgrade Cash Rewards Card? Read a comparative X-ray and learn more!
Keep Reading