Discover it Secured Credit Card

Discover it Secured Credit Card Reviews

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About Discover it Secured Credit Card

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Discover It Secured cardholders have access to benefits that most secured credit cards don’t offer, like Social Security monitoring through Discover Identity Alerts and free monthly FICO credit score updates. Plus, Discover It Secured cards earn 1–2% cash rewards on purchases. Refundable security deposits range from $200–$2,500, and there’s no annual fee or minimum credit score required for approval.

Pros & Cons

  • Refundable deposit
  • Earn cash back
  • No annual fee
  • Payment verification times vary
  • Deposit doesn’t earn interest

Discover It Secured credit card review

Discover It Secured is one of the few secured credit cards that earn rewards. A minimum deposit of $200 is needed to be approved for a Discover It Secured card, but cardholders can deposit up to $2,500. Discover It Secured credit card activity is reported to all three major credit bureaus, and after eight months Discover will begin automatically reviewing your secured account to see if you’re eligible to graduate to an unsecured credit card.

Discover It Secured credit card benefits

Discover It Secured credit cards come with more benefits than most secured credit cards. Cardholders enjoy flexible payment options, free overnight card replacement and zero fraud liability protection.

  • Cashback rewards: Cardholders get 2% cash back at gas stations and restaurants on the first $1,000 in combined purchases each quarter. All other purchases earn automatic and unlimited 1% cash back. Plus, Discover will match the cash back you’ve earned at the end of the first year. Cash back can be redeemed at any time for statement credits, through direct deposits or for gift cards at popular merchants and retailers.
  • Free credit updates: Discover It Secured cardholders can access their FICO credit scores (updated monthly) for free. Plus, Discover reports credit activity to all three major credit bureaus, so you can track how your credit score improves over time. 
  • Automatic credit review: Discover automatically reviews Discover It Secured accounts after eight months of to see if the cardholder can “graduate” to an unsecured Discover card. Issuer credit reviews consider you Discover It Secured activity as well as your credit management and utilization across other loans and lines of credit.

Discover It Secured credit card rates and fees

Many secured credit card issuers charge a yearly or monthly fee for cardholder benefits, but Discover It Secure doesn’t require an annual fee or charge foreign transaction fees. With the Discover It card, late payments will not affect your APR and Discover will waive your first late payment fee. Subsequent late payments and returned payments will cost up to $39 each. Another avoidable charge is the 5% ($10 minimum) cash advance fee to withdraw money from an ATM.

Annual fee$0
Cash advance fee5% ($10 min.)
Foreign transaction fee0%
Late payment feeUp to $39 after first late payment
Returned payment feeUp to $39

How to apply for a Discover It Secured credit card

Discover It Secured credit cards are easy to apply for, but Remember, even with the initial security deposit, approvals are not guaranteed. Some applicants are declined based on income or debt factors, like a pending bankruptcy. Be aware that filing a Discover It Secured application will generate an inquiry on your credit report, which could negatively impact your score.

  1. Submit an application: You can fill out a Discover It Secured credit card application online. Applicants must provide their Social Security number, address, bank account and routing numbers. Discover It Secured credit card requirements state approved applicants must be at least 18 years old and have a U.S. bank account. Your income and creditworthiness will determine your maximum Discover It Secured credit limit. Those who have not established credit before can do so with their tax returns.
  2. Make your deposit: Part of the online application process is paying the minimum security deposit. Whatever amount you put down for your security deposit will be equal to your credit limit.
  3. Select your card design: Approved applicants can select from multiple Discover It Secured card designs (the card does not have the word “secured” on it). After your account is open for about a month, you can apply for a Discover Secured credit line increase.
  4. Receive your Discover It card: After you’re approved, Discover will send your secured card in the mail within 10 days.

Discover It Secured credit card FAQ

Can Discover It Secured credit card graduate?

Yes. After eight months, Discover will begin periodically reviewing your credit activity to determine if your credit profile has improved enough for you are ready to graduate to an unsecured credit card.

How can I apply to increases my Discover It Secured credit line?

To apply to increase your credit line, call Discover It Secured customer service after your account is open for at least 31 days. You will need to have your account information ready before you call.

Can I get my Discover It Secured deposit back?

There are two ways to get your Discover It Secured deposit back: If you close your account after paying your full balance or if Discover determines from your credit activity that you can qualify for an unsecured credit card.

Do Discover It Secured deposits earn interest?

No. Like most secured credit card accounts, Discover It Secured does not earn interest on the security deposit.

Is Discover It Secured credit card worth it?

If you’re serious about improving your credit profile through responsible use of a secured credit card, the Discover It secured card is a great option. Unlike other secured cards, this card lets you earn rewards plus it may be easier for you to graduate to an unsecured credit card after your credit profile improves.

Discover it Secured Credit Card Reviews

Stars Rating

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  • 91%

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    Page 1 Reviews 0 - 10
    Profile pic of the author.

    Reviewed March 15, 2024

    Do not get this credit card!! If you find yourself in a hardship they are not good to work with and then if it goes beyond them their collection/law firms are the worst! There are plenty of other cards out there and the rewards with Discover are not worth it.

    Profile pic of the author.

    Reviewed March 15, 2024

    I have had to Discover card for almost 2 years and never had any problems I had a $9,000 credit limit.. I had maxed my card out twice during that time period but paid the balance in full both times!!! My credit rating was over 750 so I ended up getting a 34,000 loan because my credit was so good it turns out that the Discover card that did a automatic check and saw that I had that loan then automatically dropped my limit to 4600 which then made my credit score drop lower. After randomly checking my Discover app I noticed the decrease call the Discover helpline and got absolutely no resolve from the girl. They don't care. It's automatic, the computer does it. That's the problem with discover. They should look into my history and see that I've never had a problem but they're just a bunch of jerks like some of the other credit cards. A complete and total disappointment by Discover it credit card.

    James M

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      Customer Service

      Reviewed March 7, 2024

      Going on for a few years UNAUTHORIZED DISCOVERY CREDIT CARD was issued. Telcom, letters to no avail. CARD was issued on breach information from Equifax. All I get is working on it but credit rate suffer from it. It's seem customer service suffer in real issues. YOUR PERSONAL INFORMATION IS VALUABLE TO YOU. PLEASE CHECK ALL COMPANIES' BREACHES BEFORE GIVING YOUR INFORMATION

      Profile pic of the author.
      Punctuality & Speed

      Reviewed Feb. 21, 2024

      Discover asked for driver's license and ss# I.D., which I provided, but it took two more months before I got the card. After two or three purchases with this card, I was told I needed to provide the same ID again and have it notarized at a bank! What the... I have perfect credit, always pay my bills on time, yet this company required a second ID verification and who is to say there won't be a required third or fourth or fifth verification! It has been three months since I applied for this card. The bullying and harassment and being treated like a criminal was not necessary. I decided not to go through the current verification and dropped Discover, but first I asked for hardcopies of my final bill and letter of cancellation. I do not trust this credit-card company.

      Profile pic of the author.
      Customer ServicePunctuality & Speed

      Reviewed Feb. 19, 2024

      Got notice today that Discover credit card is requesting I fill out form for the IRS to verify my income to continue to use my credit card. Never been late and always paid way more than minimum payment. Been with them for years so I told them that's a unfair practice. Just went ahead and paid my balance in full and close the account on my own. Never will I ever deal with them again. I only open the account to up my credit scores. Totally bad customer service.

      Customer Service

      Reviewed Feb. 17, 2024

      I had a problem with my card, I contacted Discover Card and they were so rude and as soon as they knew I was upset they tried to get me to set up autopay! No way will I be associated with trash! You don't deserve me as a customer so I consolidated my credit cards. They are Gone!

      Customer ServiceStaff

      Reviewed Feb. 17, 2024

      I called customer service today at 2:01 PT 2/16/23 about a payment I sent that was returned. I wanted to understand why it returned as there were more than enough funds in the account. Not only was the “person” “assisting” me condescending as if I’m sort of idiot but they didn’t even answer the question I asked. I was told “the info will be in the mail”. Great! Now I get to wait days for a letter in the mail rather than DOING YOUR JOB AND helping me understand happened.

      To be treated like I’m wasting HER time when this is HER job is ridiculous. Change it to customer disservice for accuracy. Ps I’m not broke. I’m literally paying a 4k balance off and was worried as to why it was not coming out of my BANK account and rather than explaining it or trying to understand, I guess repeating “It'S in ThE mAiL” sure helped me out a bunch. FIX YOUR ATTITUDE. :)

      Customer ServicePriceReliability

      Reviewed Feb. 5, 2024

      I have good credit. Zero defaults ever. I haven't used any credit in the last 30 years because I didn't need any and wished not to have any interest so I paid cash for everything. I'm now 70 and retired and started building My credit again with 4 credit cards which are MasterCard and Visa. My home I paid cash for and owe nothing and estimated by value of property taxes in Texas to be $300,000.00 and all my vehicles I paid cash for and have more cash in the bank than most people so I really didn't need credit but thought since I'm getting older I might have to have some cards to give to family members to go buy some things if I get disabled. I also collect royalties on 46 natural gas wells in Texas but I have no "Job". Keep that in mind as I expound further.

      So far my Fico score is 758 and my Vantage WAS 683. My credit history is less than a year old. I'm trying to establish credit and that's my main goal. So I get this Discover Card offer in the mail stating I'm Pre-qualified whatever that means and to call today and "no effect on my credit". Well that's a dang lie because I called the number and went through the questionnaire and they never asked anything about assets. It only wanted to know how much money I made on my job. Well I collect social security and make a little over $14,000.00 a year and rent one of my homes to a friend which is $600.00 a month and put that down too. It's all the solid income I have. Mineral right royalties are all over the place. It's feast or famine every month so it's unreliable data. I just went for SS and rent income.

      They sent a message online saying I did not qualify and would send a reason in the mail. Well, with their basic questionnaire I totally understand why I didn't qualify but that's not what made me angry. It's because it was reported as a hard credit pull and they clearly stated it would not affect my credit. Liars!!! My Vantage credit score dropped down to 661. Poor company to do business with. It's little red flags like these at the very beginning that indicate some very serious issues to come if you ever get involved.

      Profile pic of the author.

      Reviewed Jan. 31, 2024

      I had a card with this company for years with no issues. Then I locked my card cause of a identity issue. They state that locked cards can't be used and charges can't be made to them that is a lie. Over months they allowed a vendor to keep charging my card. I had communicated with Discover multiple times that that account was closed and they did not have permission to charge my card. The company still allowed them to charge me. I got sick of paying it and was going back and forth with the company about the charges stating I was not going to continue paying something that they had in writing was not authorized. The company took it upon themselves to mark my credit costing me 40 points of my credit score. Shortly after they did that it was resolved but the company refused to remove the blemish even though it was caused due to fault of their employees.

      Customer ServiceStaffProcess

      Reviewed Dec. 9, 2023

      In last two months, they did three things to me:

      1. They promised me to set up an auto payment, but never did. Because of it, I missed several payments.
      2. Then, I seeking for help from their customer service, but their agent leak my and one of their customer's privacy information.

      3. Finally, they told me that they have a program to help me, but they didn't tell me that this program will suspend my account. Therefore, I enrolled in it and resulted my account been suspended.

      This is a super terrible company, fraud, leaking privacy information, never caring customers. Never use their service!

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