Best for Those Without Credit History

Discover it® Secured

Discover it® Secured

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On Card Issuer’s Secure Website
  • Offers rewards and a sign-up bonus, which is rare for a secured credit card
  • No annual fee
  • Allows you to get your deposit back before you close your account
Card attributes
  • Cash Advance APR
    24.49%
  • Variable APR
    26.49%
  • Rewards Rate
    Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases.
  • Annual Fee
    $0
  • Intro APR
    10.99% on balance transfers for 6 months.
  • Bonus Offers
    Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
Highlights
  • No Annual Fee, cash back on every purchase, and helps you build your credit with responsible use.
  • Your Secured Credit Card requires a refundable security deposit up to the amount we can approve of at least $200 which will establish your credit line. You will need to provide your bank information when submitting your security deposit.
  • We will automatically begin reviewing your account starting at 8 months to see if we can transition you to an unsecured line of credit.
  • Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.

Our Detailed Review

  • Get up to 2% cash back on everyday spending
  • You can get your deposit back as soon as eight months after you open the account
  • No foreign transaction fee
  • The card charges a high APR
  • It requires a security deposit
  • Discover isn't widely accepted internationally
Details

Application Process: Apply online and get a response within 60 seconds; you'll need a deposit of at least $200 to open the account.

Rewards: Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases.

Bonus Offers: The cashback you've earned during your first year is matched dollar for dollar for an extra rewards bonus.

APR: 10.99% on Balance Transfers for six months. 24.49% variable APR on purchases and balance transfers after the promotional period.

Annual Fee: None.

 

Faveable Giveaway: $100 Amazon Gift Card


Amazon Gift Card

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