Discover
No credit score needed to apply, refundable deposit as low as $49, earn up to 5% cash back, and unlimited cashback matching for your first year.
The Discover it Secured Cash Back Credit Card stands out for consumers seeking to build or rebuild credit. This card requires no credit score to apply, making it accessible for most individuals. With a refundable deposit starting at just $49, account holders can secure a minimum $200 credit line. Alongside its flexibility, the Discover it Secured Cash Back Card features 5% cash back on rotating categories and 1% cash back on everything else. New cardholders enjoy an unlimited Cashback Match for the first year, doubling their rewards automatically without a cap.
How to Apply for the Discover it Secured Card
Applying for the Discover it Secured Cash Back Card is straightforward. First, complete the online application. You’ll provide basic personal and financial information, including employment status and monthly income. After approval, you submit a refundable security deposit, which determines your initial credit limit. Once your deposit is received, your card will be mailed, and you can start using it to make purchases and build your credit history responsibly.
Key Pros of the Discover it Secured Card
One of the biggest advantages is that you don’t need a credit score to apply. The low minimum deposit is also very budget-friendly, enabling many users to start establishing credit. Earning 5% cash back on selected purchases and 1% on others ensures every transaction brings some reward. The unlimited Cashback Match during your first year provides a significant incentive for first-time users and maximizes your earnings potential quickly.
Potential Cons to Consider
The main drawback is that cash back at the 5% rate is only available on specific categories up to a set maximum, requiring activation each quarter. Not all applicants will receive the lowest deposit or highest credit line, as eligibility may depend on individual creditworthiness and ability to pay.
Our Verdict on the Discover it Secured Card
The Discover it Secured Cash Back Card is an excellent starter option for building or repairing credit, offering valuable cash back, straightforward terms, and potential to advance to an unsecured card. It’s a strong choice for anyone who wants to get rewarded as they strengthen their financial footing.