Credit Cards » Credit Card Reviews » Discover It Secured Credit Card Review 2021
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Discover It Secured Credit Card Review 2021

The Discover It Secured credit card is one of the best secured credit cards on the market. With most secured credit cards, there are no cash back rewards or 1% at best.

We may receive compensation from companies that appear on this page. This may impact how and where products appear on a page (including, for example, the order in which they appear). It doesn’t affect our unbiased editors’ opinions. our opinions are our own.

In This Review..

The Discover It Secured credit card is a great way to build your credit history while still earning cash back rewards like a normal credit card. This is a great credit card option for students as well as folks trying to repair their credit history.

When you apply for the Discover it® Secured, Discover runs a preliminary check to determine if you are creditworthy. If your file is clear, you will get an instant response within a few minutes. Once approved, the card takes 5 to 7 days to arrive in your mail and you can start earning 5% cashback on everyday purchases on rotating categories that change every quarter, and another 1% cashback on all other purchases.

Discover also doubles all the cashback rewards earned in the first year i.e. $50 turns into $100. It has a $0 annual fee. Discover it® Secured makes a good choice for a $0 annual fee credit card with instant approval.

Discover It Secured Card

On Discover Secure Website

Rewards Plan

Unlimited 1.5x Miles

Sign up Bonus

Match Bonus for the first 12 months

0% Intro

Intro Balance Transfer APR is 10.99% for 6 months from date of first transfer





Annual Fee


Balance Transfer Fee


Credit Requirements

Good - Excellent

Establish your credit line by providing a refundable security deposit from $200-$2500 after being approved.  Bank information must be provided when submitting your deposit. Automatic reviews starting at 8 months to see if Discover can transition you to an unsecured line of credit and return your deposit.

Card & Issuer Reputation

  • 4/5  on WalletHub customer reviews (+300 reviews): WalletHub customer reviews allow customers to post positive, negative, or neutral reviews about marketplace experiences.
  • 837/1000 on J.D Power: Discover got 837 out of 1000 available points, ranks 2nd on J.D. Power credit card satisfaction survey , higher than industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

In order to avoid bias based on a small number of reviews, we present only ratings with at least 200 reviews.


The Discover It Secured has a couple of important benefits for those who need to improve and build their credit:

The main benefit of this credit card is building your credit history and raising your credit score! 

You get access to the Discovers credit score tools so you can monitor how you’re doing and check your FICO score for FREE each month on your statement or online. 

This isn’t a prepaid card or debit card. It’s a real credit card and you’re building credit with all three credit bureaus.

Whatever dollar amount of cash back rewards you earn in your first 12 months, Discover will match that amount helping you earn double.

The redemption option allows you to redeem your miles as cashback at a rate of 1 cent per mile. You can choose to redeem your miles towards travel or as a statement credit. 

This is equivalent to earning 1.5% cash back since you are earning 1.5 points per dollar you spend.

As a cardholder, you can earn cash back for referring friends to apply for Discover credit cards. You must send them the referral link you get from Discover, and they must use that link to apply.

If your friend is approved you will earn a $50 cash back bonus. If your friend makes his first purchase within 3 months of opening the account, he will earn a $50 cash back bonus too.

You can refer a maximum of 10 friends per year, and your account must not be late on payments or over the credit limit to qualify for this benefit. 

Get 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically.

Plus, earn unlimited 1% cash back on all other purchases. This is a much better deal than most secured credit cards which usually have no cash back rewards. 

You can redeem $1 for every $1 in cash back you’ve earned and there are a variety of ways to redeem your credits. 

You can have the credit applied towards your next statement to reduce your balance. You can have it deposited directly into your bank account. 

You can also have it turned into a gift card or a donation towards a charity of choice or use it towards shopping money for select retailers like Amazon.

Each gift card redemption will get at least $5 added for free, and more in some cases. 

American Eagle, for example will give you $50 when you redeem $40 in cash back, thus you earn an extra $10 free. 

There are many categories of retailers available, so you should be able to find one you can use


Now, let’s review the things you should be aware of when choosing Discover It Secured Card

Discover isn’t as widely accepted by merchants as other credit cards like Visa and Mastercard.

 Getting acceptance overseas may prove to be more difficult for the Discover It Secured card holders.

If you’re transferring a balance, you may not like that you have to pay 22.99% APR when there are other balance transfer credit cards that offer 0% APR for long intro periods.

You’ll also have a 5% balance transfer fee as well which can burn money from your pocket.

In order to use the Discover It Secured credit card, you’ll be required to open an account and put down a refundable deposit. 

However, the larger deposit you put down, the larger your credit line limit will be up to the amount you are approved for.

In addition to the high initial APR for balance transfers, 22.99% standard variable purchase APR is another drawback you should be aware of when choosing Discover It Cash Back Card. 

Application Process

Visit the Discover It Secured Credit Card home page, and then click on “Apply Now.”

It takes you to the next page where you can choose your card design. 


Select one and fill in your personal details like your Names, address, email, birth date, income, employment status, etc, then click “Next.”

Read the terms and conditions, check the two boxes to agree to the terms, and then click on “Submit.” 



There are several other secured credit card options that will help you establish a credit history and fix your credit score

Let’s take a look at a few alternative options we would recommend if the Discover It Secured card doesn’t suit you.

The Capital One Secured Mastercard is another great option to help you get back on your feet if you have a bad credit history. It’s a no annual fee credit card but also has no cash back rewards unfortunately. 

The amount of money you put down helps determine your credit line. The more money you put down, the larger your credit line will be. You’ll be given a required minimum security deposit, from $49 to $200. This will provide you with an initial credit line of $200. 

You can deposit more if you’d like to raise your credit line, up to $1,000 for a $1,000 credit line. Additionally, there are no foreign transaction fees if you plan to use it overseas.

As a Mastercard holder, you’ll enjoy wide merchant acceptance across the world compared to Discover and lesser known credit card brands.

You can also enjoy a minimal security deposit requirement of $200 with the City Secured Mastercard as well as no annual fee. There are no rewards with this credit card and there is a 3% foreign transaction fee which can be drawbacks.

Additionally, the APR is 22.49% which is quite high especially for a secured card but you shouldn’t be paying interest on a secured card anyway since it’s meant for keeping a small credit line to increase your score


This option stands out among secured credit cards thanks to its low variable APR and solid rewards program. 

It boasts an extremely low rate of 14.99%, far below not just secured cards but also the national average. 

Customers can also earn 1 point for every dollar spent on purchases, giving you a strong incentive to swipe.

Is the Discover It Secured Card Right for You?

The Discover It Secured credit card is one of the best secured credit cards on the market. With most secured credit cards, there are no cash back rewards or 1% at best. 

But with the Discover It Secured Credit Card, not only do you get 2% back on gas and at restaurants, all the cash back you earn in your first year will be doubled. 

This makes it an ideal credit card solution for those with no credit or bad credit history that need time to repair their credit and can earn rewards in the mean time.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.