Discover It Secured Credit Card review

Do you want to see a complete review of the Discover It Secured credit card? From Responsible Economy we show you all the features: fees, requirements, bonuses, cash back and everything you need to know about the Discover It Secured Credit Card. We also show you a comparison of the best secured credit cards and an explicative video. Welcome!

Explicative video

The first thing we do is show you a video with all the features of the Discover It Secured Credit Card. You can support us by subscribing to the channel and thus also receive videos every day:

YouTube video
Discover It Secured Credit Card review

Features

In this section we explain each feature in detail:

Fees

Nobody wants to pay commissions so this is a very important point. This Discover credit card has no annual fees, making it a free credit card.

Cash back

One of the main reasons why credit cards are contracted is for cash back or discounts for purchases.
You have 2% cashback in restaurants and gas station every quarter with a limit of $1000. Once you reach this limit, the cash back is unlimited 1%.

Discover It Secure credit card cash back
Discover It Secure credit card cash back

Bonus

You have a welcome bonus the first year for which Discover matches the money earned in cash back. If you’ve earned $300 in cash back, Discover gives you another $300.

Interest rate

If you pay the purchases at the end of each month you will not have to pay any interest but if you decide to defer the payments, the interest rate is 27.24% APR.

Credit score

Discover It Secured Credit Card is a card that can be obtained without having a credit score. It is a perfect credit card to build or rebuild a credit score.

Comparison with the best secured credit cards

We have made a comparison of the Discover It Secured Credit Card with the best secured credit cards you can apply for in the United States in 2023:

Capital One Quicksilver Secured Credit Card Logo
  • Fees: $0
  • Cashback: 1.5%
  • Welcome bonus: $0
  • Credit Score: No
Discover it Cash Back
  • Fees: $0
  • Cashback: 1%-5%
  • Welcome bonus: up to $300
  • Credit Score: 690-850
  • Fees: 0
  • Cashback: No
  • Welcome bonus: No
  • Credit Score: No
Bank of America customized cash rewards secured credit card
  • Fees: 0
  • Cashback: Up to 3%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
Opensky plus secured credit card
  • Fees: 0
  • Cashback: 0%
  • Initial deposit: $300
  • Welcome bonus: No
  • Credit Score: No
Bankamericard secured credit card
  • Fees: 0
  • Cashback: 0%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
OpenSky secured credit card
  • Fees: $35
  • Cashback: 0%
  • Initial deposit: $200
  • Welcome bonus: No
  • Credit Score: No
Bank of america unlimited cash rewards secured
  • Fees: 0
  • Cashback: 1,5%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
U.S. Bank Secured Visa credit card
  • Fees: 0
  • Cashback: 1,5%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No

Pros and cons

After seeing all the features of the Discover It Secured Credit Card and seeing the comparison with the best credit cards, we have made a table with all the advantages and disadvantages:

ProsCons
No feesOther credit cards with higher bonuses and cash back
No credit score required
Bonus
Cash back
Pros and cons Discover It Secured Credit Card

Requirements

The requirements to contract this credit card are the following:

  • Must to be over 18 years old
  • Live in the United States
  • Have a Social Security

Conclusión and opinions

After all the analysis, we can say that the Discover It Secured Credit Card is one of the best credit cards that we can use to start building or rebuilding a credit score because it has no annual commissions, it is not necessary to have a credit score and it has cash back and welcome bonus.

Related content

Finally, you have a related posts about credit cards:

Updated the day 5 September, 2023 by Alfredo Barandiarán

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Alfredo Barandiarán
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