Discover it Secured Credit Card Review, Pros and Cons, and Others.

Discover it Secured Credit Card is one of the best secured credit cards that you should get if you are looking at getting a secured credit card with a cashback.

Also, if you are in need of a stronger credit card, then the Discover it Secured Credit Card offers solid cashback.

Discover it Secured Credit Card

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With 2% cashback on the initial $1,000 in merged quarterly spending at gas stations and restaurants. As well as an unlimited 1% cash back on other purchases.

The rewards of the card are really comparable to the unsecured alternatives of Discover.

The cashback match of Discover doubles all the cash back rewards also that were earned at the end of the first year. And this importantly makes the deal sweet.

The Discover it Secured Credit Card has no annual fee and has access to a FICO score monthly.

In all, the credit card from Discover offers those who are looking at building a stronger credit history a credit card that they will always enjoy using.

Pros and Cons of the Discover it Secured Credit Card

Below are some of the disadvantages and advantages of the Credit Card by Discover:


  • Its cashback rewards earning is so uncommon for a secured card
  • It has no annual fee.
  • The cashback Match doubles cashback rewards earning at the end of the first year.
  • It gives free FICO score access each month.
  • They give you the opportunity to upgrade after 8 months to an unsecured account
  • It offers rewards and a sign-up bonus.
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  • The secured cards require refundable deposits.
  • Their rewards are capped
  • The secured cards do not offer many of the perks that unsecured cards do offer.
  • It is not widely accepted outside the US.
    Discover it Secured Credit Card requires a minimum deposit of $200.

Discover it Secured Credit Card Rewards

The rewards of the credit card include:

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Redeeming Rewards

The Discover it Secured credit card makes it very easy for you to redeem cashback rewards and the awards can be redeemed at any time in any amount.

However, if the card is not made use of in 18 months or let us say the account is closed, any reward balance is being credited to the account. In all, rewards do not expire.

Earning Rewards

The credit card from Discover earns 2% cashback automatically on the first $1,000 in combined quarterly spending at gas stations and restaurants too.

It also earns 1% cash back automatically on every purchase.

Rewards Potential

In order to determine the rewards potential of the Credit Card by Discover, you will have to look at the bonus categories.

And then calculate what an American household might spend in that particular area.

Benefits of the Discover it Secured Credit Card

Some of the benefits of the credit card include:

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Freeze it: This enables you to place a hold or freeze the card online or through your mobile banking app.
Contactless Pay: The high-tech cards of Discover make use of digital technology to decrease contact while paying. And this is really great for pandemics, trust me!
$0 Fraud Liability: Here cardholders are not to be blamed for any charges that are not authorized.
Credit Education Resources: The Discover it Secured Credit Card provides financial education resources to help its account holders to assist them as they build their credit or rebuild it.
FICO Score Access: Here, cardholders earn free, and easy access to FICO scores via the apps and statements of Discover.

Fees and Interest Rates

Annual Fee: $0
Cash Advance: Either $10 or 5% of the amount of each cash advance, whichever is greater.
Balance Transfer Fee: 3% intro balance transfer fee, which is up to 5% fee on future balance transfers.
Foreign Purchase Transaction: None
Purchase Intro APR: N/A
Regular APR: 22.99% Variable
Balance Transfer Intro APR: 10.99% for 6 months.

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