Discover it Secured Overview

Read more about the Discover it Secured credit card with a list of features and benefits, pros & cons, and FAQs.

Updated on November 18th, 2019

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Discover it Secured is a secured credit card created for people who are looking to establish or repair their credit. With a Discover it Secured credit card, all card activity is reported to the three major credit bureaus. Benefits include 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases.

Rates and Fees:

Rate or Fee Type


Annual Fee


Regular APR

24.74% variable.

Balance Transfer Intro APR

10.99% for 6 months.

Discover it Secured

Pros: No annual fee, refundable deposit, and offers cashback rewards.

Cons: No miles or reward points.

Bottomline: Great choice for building and rebuilding credit scores, and offers the additional benefits of minimal fees and cashback rewards.

Key Information:




Riverwoods, Illinois


Roger Hochschild

Number of Employees



2500 Lake Cook Rd, Riverwoods, IL 60015-3851

Phone number

1 (800) 347-2683


Features and Benefits:

Earn cash back.

Cardholders are able to automatically earn 2% cash back at gas stations and restaurants on up to $1,000 in connected purchases every quarter. In addition, you can earn an unlimited 1% cashback on all other purchases.

Refundable deposit.

The Discover it Secured credit card requires a deposit to hold as collateral. Cardholders are able to determine the deposit amount up to the credit line approved. Deposit starts at $200.

FICO Credit Score for free.

Cardholders can effortlessly view their FICO Credit Score on monthly statements, mobile devices, and online for no additional fee.




Marshall Jamieson -

The best credit cards for unemployed people are secured credit cards like Discover it Secured or Capital One Secured. You don’t need a job to get a credit card, but credit card companies are required to make sure you have enough income to pay your monthly bills. And most people’s incomes take a big hit when unemployed. So it makes sense to go for secured cards, since they offer the easiest approval of all credit cards. Discover matches your first year’s cash back on your account anniversary. $200 minimum deposit. No annual fee. Can get this card with bad credit.

Shiva Bhaskar -

Discover and Capital One are both quite good. There are a few unique advantages to each. Discover automatically offers the opportunity to have your accounts upgraded from secured to unsecured, around the 8 month mark. If you’ve always paid them on time, there’s a good chance they’ll refund your deposit, and give you an unsecured card with a higher credit limit. Discover also offers a free FICO score, which is useful.

Edwin Liou -

My favorite one has got to be the Discover it Secured credit card. Secured credit cards are designed for people who the banks consider to be the riskiest borrowers based on their credit score. Unlike a prepaid card, a secured credit card reports to the major credit bureaus. This gives you the opportunity to build your credit with responsible use. The minimum security deposit required to open an account is $200, and your security deposit must equal your credit limit. The maximum credit limit (up to $2500) is determined by Discover based on your income and ability to pay. When you consider the cash back rewards on this card along with no annual fee, this becomes one of the best secured credit card available. We just wish that Discover was accepted more widely internationally.

abdada -

Discover IT secured is the best, hands down. Capital One Platinum Secured is second best, as of August 2016 (cards opened after that date have a good chance of graduating to unsecured after 11 months).


What credit score do you need to get a Discover secured card?

The Discover it Secured credit card is for individuals that are trying to establish a credit score and individuals looking to rebuild their credit. To qualify for an account, Discover will review your application and and review your case. However, Discover does accept poor credit scores but it depends on each individual case.

Does Discover it Secured card report as secured?

Yes. Your card usage and activity will be reported to three major credit bureaus, allowing you to build your credit score.

How hard is it to get a secured Discover Card?

The process of applying for a Discover it Secured credit is relatively easy and Discover does accept poor credit scores, though it depends on each individual case. All you have to do is apply online and provide a deposit.

How do I get a secured Discover Card?

Apply for a Discover it Secured credit card online, provide a cash security deposit, and wait for approval or further instructions.

How do you increase limit on Discover it Secured card?

To increase your credit line, which would have to be secured by adding to your initial security deposit, you can apply by calling Discover at 1 (800) 347-3085.