Discover it Secured Card for People with Bad Credit

back Discover it Secured

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intro purchase APR no intro offer	regular 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

 

bad credit required

Terms and Conditions

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.