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Discover

Discover it Secured Credit Card Review

People building or rebuilding credit who still want to earn cash back

Updated for 2026

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Overview

The Discover it Secured is a deposit-backed card that helps people build or rebuild credit while still earning cash back, with no annual fee and the first-year Cashback Match. It reports to all three bureaus and reviews accounts automatically for a possible transition to an unsecured card. Approval is never guaranteed.

Annual fee$0
Regular APRVaries — confirm on issuer site
Welcome bonusCashback Match — Discover automatically matches all the cash back you earn at the end of your first year, with no cap
Rewards2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter (then 1%), and 1% on all other purchases
Recommended creditNo credit score required — designed for building or rebuilding credit
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Pros & cons

Pros
  • No annual fee, and it earns cash back plus the first-year Cashback Match — rare for a secured card
  • No credit history required to apply, and it reports to all three major credit bureaus
  • Automatic account reviews can lead to transitioning to an unsecured card and a refunded deposit
Cons
  • Requires an upfront refundable security deposit to open
  • High regular variable APR, so carrying a balance is expensive
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Advertiser disclosure: this page is supported by advertising and is for information only. Confirm current terms on the issuer's official site before applying.