Discover it Secured Card for People with Bad Credit

Apply for the card on a issuer's secure site Apply Now
at issuer’s secured site
bad credit
intro purchase APR no intro offerregular APR23.49% (V)
intro BT APR 10.99% for 6 months 3% BT fee
rewards $1-$2 cash back
  • 1% cash back on all purchases
  • 2% cash back on gas and dining with $1000 quarterly limit

 

no annual fee

25 days grace period

Editors Review

If you are not approved for an unsecured Discover it card - this is a secured version. It works the same way as a regular card, the only difference is the need to put a security deposit.

Minimum deposit is $250, and the maximum is $2500. Your credit limit will match your security deposit amount.

Pros

  • no annual fee
  • 1% cash back on all purchases
  • 2% cash back on restaurants and gas purchases with a quarterly cap of $1000 of combined purchases
  • free FICO score to see how your credit grow over time

Cons

  • typical to a secured card high APR of 23.24%

Verdict

A good secured card that will allow you to grow your credit, track it for free and get a cash back in the meantime.

 

 

Last updated: 02/26/2017









SIGN UP TO GET FREE
CREDIT SCORE UPDATES
and
exclusive members-only deals
Follow us
Facebook Twitter Google+