Discover it® Secured Credit Card
Basic Information
Program ID: discover-it-secured-credit-card
Issuer: Discover
Card Type: Credit
Network: Discover
Card Tier: Standard
Data Complete: Yes
Created: 01/07/2026 18:10
Last Scraped: 01/15/2026 07:47
Fee Structure
| Annual Fee: | $0.00 |
| Year 1 Waived: | No |
| Effective Annual Fee: | $0.00 |
| Authorized User Fee: | $0.00 |
| Penalty APR: | 2,999.00% |
Additional Fees
| Late Fee: | $40.00 |
| Returned Payment: | $40.00 |
| Balance Transfer: | 3% of the amount of each transfer |
| Cash Advance: | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Foreign Transaction: | 0.00% |
Interest Rates
Purchase APR Range: 2,824.00% - 2,824.00%
Intro Purchase APR: 0.00%
Intro APR Duration: 0 months
Balance Transfer APR: 0.00%
Intro BT APR: 0.00%
Intro BT Duration: 0 months
Cash Advance APR: 2,999.00%
Sign-Up Bonus
Bonus Amount: $0.00
Spending Requirement: $0.00
Time Period: 360 days
Bonus Timing: Discover will automatically match all the cash back you've earned at the end of your first year. There is no fixed upfront bonus amount or spending requirement to unlock a specific bonus; the bonus is a 100% match of all cash back earned during the first 12 months. The matched cash back is typically credited to your account within 1-2 billing cycles after your 12th billing cycle closes.
Rewards Program
Reward Type: Cash Back
Base Reward Rate: 1.00%
Bonus Reward Rate: 5.00%
Bonus Categories: Rotating quarterly categories (e.g., Gas Stations, Restaurants, Amazon.com, Grocery Stores, Digital Wallets). Specific 2026 categories are not yet announced.
Point Value Estimate: 0.0100 cents/point
Expiration Policy: Cash back rewards do not expire.
Transfer Partners: None
Card Benefits
Protection Benefits
Travel Benefits
- No Foreign Transaction Fees
Premium Benefits
Approval Criteria
Recommended FICO Range: 300 - 669
Approval Odds Category: Good
Pre-qualification Available
Soft Pull Supported
Hard Pull Bureau: Experian, TransUnion, Equifax
Issuer Rules
Rules: The Discover it Secured Credit Card is designed for individuals looking to build or rebuild their credit history. Eligibility requires applicants to be at least 18 years old, possess a valid U.S. Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), and have a U.S. mailing address and bank account. No prior credit score is required for application. A refundable security deposit (typically $200-$2,500) is mandatory, which establishes the credit limit. The primary bonus is Discover's Cashback Match, where all cashback earned in the first year is automatically matched dollar-for-dollar at the end of the first year. Discover periodically reviews secured accounts (typically starting after 7-8 months of responsible use) for potential graduation to an unsecured Discover card, at which point the security deposit is returned. Responsible use includes making all payments on time and keeping credit utilization low.
Maximum Cards Per Issuer: 2
Minimum Spend Interval: N/A - Cashback Match applies for the entire first year of card membership.
Shutdown Risk Triggers: Manufactured spending, repeated late payments, defaulting on payments, suspicious account activity, high credit utilization combined with other risk factors, or abuse of card benefits.
International Friendly
User Analytics & Insights
User Ratings
Average Rating: 4.7 / 5.0
Top Positive Feedback:
Users highly praise its effectiveness for building or rebuilding credit, citing easy approval, helpful customer service, and valuable cash back rewards as key benefits.
Top Negative Feedback:
Some users express minor frustrations with the initial low credit limit and the requirement of a security deposit, though these are inherent to secured cards.
Approval Experience Score: 85.0 / 100
Recommended Alternatives
- Capital One Platinum Secured Credit Card
- OpenSky Secured Visa Credit Card
- Chime Credit Builder Visa Secured Card
Card Value Score: 90.0 / 100
Est. Annual Rewards: $140.00
User Portfolio Metrics
Avg Portfolio Size: 2 cards
Avg Portfolio Age: 12 months
Store vs Co-brand: 100% General / 0% Store
Risk Assessment
Default Risk Group: High
Predicted Approval Probability: 95.0%
Terms Version Control
Version ID: v1.0