Discover it Secured Cards

Picture of Discover it Secured
24 Reviews
Consumer Rating:


Apply Here 4.5
Lowest:
478
Average Score:
558
Highest:
620

The Discover IT secured card is one of the best secured credit card there is out there to establish or rebuild your credit. It is one of the few secured cards with no annual fee, has rewards and also allows you to graduate to an unsecured card.

Card Details
Card Details

Annual Fee: $0
APR: 24.4%
Deposit: $200 to $2,500
Earn Cash Back : 2% at restaurants or gas stations for up to $1,000 each quarter. 1% on all other purchases
Graduates to Unsecured : Account will be evaluated after 7 months
Reports as "secured"
Pros and Cons
Pros and Cons

Pros

  • No annual fee
  • Earn Cash Back
  • Free FICO Score - TransUnion
  • Can graduate to unsecured
  • Free SSN theft alert


Cons


  • Reports as secured
  • Need to call customer service for additional deposits

Editor's Review
Editor's Review

This is arguably one of the best secured credit card. It is very rare for a secured card to have no annual fee, have rewards, provide free FICO score and SSN theft alert and allows you to graduate in as little as 7 months. We highly recommend this card to rebuilders and for those with no credit history.

All
5 Star
66%
4 Star
16%
3 Star
12%
2 Star
4%
1 Star
0%
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Credit Score: 595 Credit Limit: 500 Age: 35-44
Income On Application: $60000
Posted 02/21 2018
Overall Rating:
I really like this card though I have to say that I went through a really inconvenient application process. After I applied, I was taken to a page that required me to upload my W2, DL and SSN (to confirm my identity). I was told that someone would contact me but nobody did. After 2 days, I noticed that they withdraw my $500 deposit from my checking account. So I guess that I was finally approved and "my identity verified"! Got my card 2 weeks later. It seems like Discover kind of leaves you in a limbo if you have to go through this and I'm sure not everyone has to go through this "verify your identity" process.

But once I got the card, everything has gone on smoothly. I set up autopay so I would never be late. I earn rewards and also found out that Discover reports very quickly (checked just before I got my first statement). Payment also clears in about one or two days. After 4 months, my TU score has gone up by 40 points.
 
Credit Score: 620 Credit Limit: 1000 Age: 25-34
Posted 02/02 2018
Overall Rating:
I thought that my scores were good enough for an unsecured credit card but I kept getting denied. So I decided to start off with a secured credit card and finally decided on this one. What attracted me was that it was Discover, had no annual fee and even a cash back program. I applied and gave my bank login credentials but somehow it failed! So I was asked to give my a/c and routing number. They also did the "bank verification test" whereby they sent an amount less than $1 and I had to tell them the correct amount. I was also taken to a page where I had to upload my w2, DL, and SSN. Once that was all done, my money was taken out of my checking account in 2 days. I then called them and was told that the card will come 2 weeks later.

The card itself is great. The website and app are easy to use. You can set up autopay or pay through the website or app. The rewards can be used as credit for your statements. Discover reports as secured and I think they reported even before I got my first statement. After 10 months of using the card, I got an email saying I will get my deposit back within 7 days and that my new credit limit was $3000. That was when it hit me that I had graduated.

Two weeks later, I checked my credit report and they changed from reporting as secured to unsecured. My score was 690 when this all happened.
 
Credit Score: 480 Credit Limit: 600 Age: 35-44
Income On Application: $65000
Posted 01/15 2018
Overall Rating:
My credit was so poor when I applied (below 500). I had also went into and emerged from a bankruptcy chapter 7 in 2013. I was glad that I was approved. They sent 2 test deposit into my checking account and once I verified the amount, the withdrew the deposit 2 days later and sent me the card about 2 weeks later. I love the card because I can check my fico score and the website and app are easy to use. You can track everything including rewards and your payments and charges. I hope to graduate within a year.
 
Credit Score: 537 Credit Limit: 500 Age: 35-44
Posted 11/23 2017
Overall Rating:
My experience with the Discover secured card has been great. When I applied, I decided to put a deposit of $500. They deposited less than $1 two times into my checking account and I had to verify them. Two days later, they took the money out of my checking account and a couple of days later, I got an email telling me my card would arrive about 2 weeks later.

The more I use the card, the more I love Discover. Customer service is great (americans answer you calls and very quickly too). The website and app are great. 5 months later, I decided to deposit another $500. I had to call them and after a couple of questions on my income and mortgage payment, I was approved. Another 5 months later, I got an email saying that my deposits will be returned to me in the form of a check in 7 days and that I had graduated to an unsecured card.

I would highly recommend this card.
 
Credit Score: 534 Credit Limit: 300 Age: 25-34
Posted 10/18 2017
Overall Rating:
I recently applied for the Discover it secured card with a credit score of 534 (TU). I put down $300 as a security deposit. I got my card 2 weeks later and have just started using it. After my first statement arrived (just 2 days ago), I checked my credit reports and found out that Discover has reported already as secured. And my scores are already up about 70 points on both TU and EQ. Would definitely recommend this card if you are rebuilding.
 
Credit Score: 568 Credit Limit: 500 Age: 35-44
Posted 10/09 2017
Overall Rating:
I have had this card for 11 months and have not been offered to graduate yet. In the meantime, I have already gotten offers from Capital One, Amex and Citi. In fact, I just applied and was approved for the Cap One QuickSilver. I'll probably for the Amex as well. Discover has helped me improved my credit score. It was about 568 when I applied and it is now 660 after 11 months.
 
Credit Score: 478 Credit Limit: 200 Age: 35-44
Income On Application: $50000
Posted 09/28 2017
Overall Rating:
Let me start by revealing my score when I applied for this card - it was 478. Yes - below 500. Aside from the score, I had a repo from 6 years ago and have a few late payments in my report (though I am current on my payment now). I was really surprised that Discover approved me. I put in the bare minimum deposit of $200 and figured that the lower the deposit, the less I would spend on the card.

I honestly never thought I would get approved. Now there seems to be light at the end of the tunnel for me.
 
Credit Score: 580 Credit Limit: 1000 Age: 25-34
Posted 08/12 2017
Overall Rating:
I finally graduating after 1 year (or rather after my 12th billing statement to be more precise). Was told they were sending back my deposit within 5-7 business days. I love this card, the rewards and customer service.

When I first applied, my score was about 580 with TU. I deposited $1000 and after 4 months, deposited another $1000. I always paid in full. However, there were 2 months when I used close to 80% of my limits on a computer and a couple of other gadgets. But I still paid in full. For the most part, I spent about $400 a month on the card.

I guess I showed Discover that I was a responsible user of their card and they decided to graduate me!
 
Credit Score: 519 Credit Limit: 500 Age: 25-34
Posted 07/06 2017
Overall Rating:
I originally deposited $500 when I applied. After 5 months, I decided to increase it by another $500. I was very surprised that I could not increase my limit online. Instead, I had to call customer service and it was quite a long wait and conversation with 2 reps. When all is said and done, it took 3 days to withdraw from my checking account and another 3 days to see the new limit on the card.
 
Credit Score: 547 Credit Limit: 1000 Age: 25-34
Posted 05/13 2017
Overall Rating:
I initially deposited $1000 when I applied. 5 months later, I wanted to increase my credit limit. I called customer rep and was asked to verify my income and mortgage expense. I was told that the max I could increase my limit was up to $2500. I added another $1000, taking the total to $2000. Rep said that it would take 8 days for the limit to show up. The whole process took a few minutes though you have to call the rep and you cannot do this over the website or the app.
 
Credit Score: 580 Credit Limit: 300 Age: 35-44
Posted 04/22 2017
Overall Rating:
I got this card to rebuild my credit after a lot of research. I have had this card for over 2 years and I have not graduated and my scores have improved at most 20 points. I had a foreclosure, a car repo and a few collections. Most of these will drop off in the next year and a half. So this is just a caution for those who are in my situation. If you have lots of baddies in your report, do not expect to graduate within a year. You might also have to wait for those to drop off before your scores will improve.
 
Credit Score: 617 Credit Limit: 500 Age: 25-34
Posted 04/18 2017
Overall Rating:
I decided to get the Discover It secured to build a credit history. Prior to this, I had no credit card and paid in cash for my second hand car years ago. Though I do not have any credit history, I do have a couple of unpaid medical bills that are in my report (delinquent). Still I was approved and after I put in all the information online, I was asked to give my bank account details like routing number. My card arrived about a week later.

I have to say that the customer service is excellent. The website and app are easy to use. I would definitely recommend this card.
 
Credit Score: 574 Credit Limit: 600 Age: 25-34
Posted 01/09 2017
Overall Rating:
I have had this card for 26 month (ie over 2 years). I have to admit that I like the card. The rewards are great, payment is easy, and customer service is top notch. But my TU score is now 696 and I do not understand why I have not graduated. I have kept my utilization low and for the most part paid in full. Only 4 times have I carried a balance.
 
Credit Score: 580 Credit Limit: 500 Age: 25-34
Posted 12/11 2016
Overall Rating:
So this is my approval process. Applied online and it was "instantly approved". I made my deposit online with my checking account credentials and 2 days later, the money got taken out of my checking account. Despite that, the status on the website said "application finalized and expect your card to arrive in 2 weeks". Then after a few more days, I checked the website and it said "you have been approved". I got my card a week later.

My experience has been great. I use the app all the time to check my account. You can even pay from the app but I set up autopay so there is never a chance that I am late.
 
Credit Score: 513 Credit Limit: 300 Age: 35-44
Posted 11/24 2016
Overall Rating:
I was very nervous about applying for this card because I had a few derogatory reports (delinquent medical bills) in my reports. To my surprise, I was approved. I deposited $300 online by giving them my bank account information and two days later, the money was withdrawn. Think my example goes to show that even if you have bad credit, Discover it secured will give you a chance. After my first billing statement, I checked my credit reports and found that Discover has reported to all three bureaus.
 
Credit Score: 558 Credit Limit: 500 Age: 35-44
Approved 2 years after Bankruptcy
Posted 10/09 2016
Overall Rating:
I filed BK and was discharged 2 years ago. After spending hours researching secured cards, I decided to go with the Discover and Cap One secured cards. I applied for both and was approved. Discover pulled EQ and Cap One pulled all 3. The put down $500 for the Discover and $49 for the Cap One but got a $200 limit. So in total, I had $700 limit from 2 cards.

I like both of these cards. They have not given me any problems or issues so far. 8 months in and I got a credit limit increase on the Cap One to $500 without having to put down any more deposit. My scores have also improved from about 558 to 620. I hope to graduate from both after one year. Keeping my fingers crossed.
 
Credit Score: 501 Credit Limit: 400 Age: 25-34
Posted 10/05 2016
Overall Rating:
Everything about the card is actually good. However, I had problems when I first applied. Rather than a straight approval, pending or denial, I was asked to provide W2 and proof if id! Once that was resolved, everything went smoothly.
 
Credit Score: 603 Credit Limit: 300 Age: 25-34
Posted 09/25 2016
Overall Rating:
4 months ago, I applied for the regular Discover it and was denied due to "insufficient credit history". So I decided to apply for this secured card. After I applied, I did not hear from them, no email or anything. Then the next day, I got an email telling to get my deposit in to finish the application. I gave my bank account details (a/c number and routing number) and after another 3 days, the money was taken out of the bank account. After a week and a half, I finally got my card.

Once I got the card, I took the advice of a couple of friends and immediately set my payments to autopay so that I would not be late. Every month, I spend about $70 on the card. I have put my hulu account and utilities on the card. After the first statement, I checked my credit report and saw that Discover had reported (as secured). I then checked my credit score (EQ) found out that it had increased by about 35 points just from opening the account.

I really like the website and the app. They are easy to navigate and use. You can check all your account activities on the app and even pay your bill from there. The customer service is also very good in that you get American phone reps and not overseas ones where you cannot understand them.

After 11 months, I got an email from Discover telling me that have sent a refund for the initial deposit and that my card was now unsecured. My credit limit had also been increased to $1000. I checked my score is it was now 690 and the credit report has also reported as unsecured just after I was informed of the changes.

This has been a wonderful experience for me and I would highly recommend this card.
 
Credit Score: 597 Credit Limit: 1000 Age: 25-34
Posted 08/18 2016
Overall Rating:
Getting this card was kind of a pain initially cos I was asked to provide "proof of income" I had to give copies of my W2 and a utility statement. But I got approved and deposited $1000 into my account. I set up autopay and made sure I paid in full every month. I seldom spend more than $200 on the card.

The 7 months later, I got the good new in the email: "Because you’ve shown responsible account management, you’re getting your security deposit back. You should receive the check in the mail in 5-7 business days". Woohoo! I had graduated rather early to an unsecured credit card.

I would have given card a 5 star rating if not for the inconvenience if having to product pay stubs during the application!
 
Credit Score: 505 Credit Limit: 500 Age: 35-44
Approved 4 months after Bankruptcy
Posted 06/16 2016
Overall Rating:
My score was about 640 when I tried to apply for the regular Discover card. I was denied but counter offered the secured version. I decided to put down $200 as a deposit and received my card within the week. I was also told that I would be reviewed for a graduation to the unsecured card. I intend to use this card to fill up my gas tank and some small items.

I really love Discover's website and app. I could check my FICO score with the card and pay bills with it. This is simply an awesome card.
 
Credit Score: 540 Credit Limit: 1500 Age: 25-34
Posted 05/27 2016
Overall Rating:
I am so pleased with my Discover secured card. I deposited $1500 into my account and used it carefully. I never used more than $300 of my limit and I always pay in full. I decided to get Discover after doing a lot of research. The thing that really attracted me was that there is no annual fee and they even have a reward program. However, my experience has been better than I thought.

The website and app are great. I can monitor all my activity from the app. I also like the fact that I can check my FICO score with Discover. Customer service is also great. I would highly recommend this secured card.

One more thing, I graduated after 13 months.
 
Credit Score: 590 Credit Limit: 500 Age: 25-34
Posted 03/11 2016
Overall Rating:
I deposited $500 when I got approved for this card. I gave them my banking details and the amount was taken out of my checking account within a couple of days. I got my card a week later. After 3 months, I needed to travel and realized that I would need to rent a car and possibly book a hotel. However, my credit limit was too low. So I called the rep and was told that I could not add to my deposit to increase my limit and that I could only do so after a year. So here is a piece of advice for those of you thinking about this card. Put enough deposit based on how much you think you need for credit and in fact over provision.

Aside from this, I also noticed that report as secured to the credit bureaus. Otherwise, I love this card. I mean, what is there not to like about it. There are no annual fees. You earn rewards and they will consider you for a switch to an unsecured card after 12 months. App is super easy to use too.
 
Credit Score: 579 Credit Limit: 500 Age: 35-44
Posted 12/07 2015
Overall Rating:
What can I say...this is such a great card. One of the few secured cards with no annual fee and a reward program. I have a couple of others like cap one, citi and merrick bank. I really Discover's app - so easy to use. I pay my bills with the app and found out that it post the next day and my available credit will be immediately available. In contrast, Merrick bank will put a hold even after you pay!
 
Credit Score: 605 Credit Limit: 300 Age: 25-34
Posted 10/26 2015
Overall Rating:
My credit is not exactly the best because I made some very bad decisions when I was younger. My score was about 605 when I applied for Discover. I was denied but was offered the secured version. I took the offer and deposited $300. I like the fact that there is no annual fee and there are rewards as well. I could also check my FICO score. I was told that if I use the card and pay off my bills on time, I will be considered for graduation to an unsecured card in the future. This is a great card and I would recommend it if you cannot get their unsecured card.