Discover It Secured Credit Card Review

Meet the Discover it Secured Credit Card – your ultimate sidekick for building credit, whether you’re starting fresh or rebuilding.

With high cash back rates at gas stations, restaurants, and all your everyday purchases, the rewards just keep rolling in. And here’s the best part: like all Discover cards, this one comes with the Unlimited Cashback Match. That means Discover will automatically match all the cash back you’ve earned at the end of your first year!

But wait, there’s more! After just seven months, account holders will automatically be evaluated for deposit return and transition to an unsecured card. This exciting opportunity allows those building good credit habits with the card to start using it as an unsecured card after proving their responsible credit usage. It’s like leveling up in the world of credit cards – and it’s all yours for the taking!

Discover It Secured Credit Card benefits

• High rewards rate: Imagine earning a generous 2% cash back on up to $1,000 in spending per quarter on gas and restaurant purchases, and to sweeten the deal, you’ll also enjoy an unlimited 1% back on all other purchases. With this card in your wallet, every swipe becomes an opportunity to earn rewards while building your credit history. It’s the perfect combination of security and rewards, tailored just for you!
• Redeeming Rewards: Discover ensures that redeeming your cash-back rewards is a breeze! You have the flexibility to redeem rewards in any amount, at any time. Plus, even if your card isn’t used for 18 months or the account is closed, any remaining reward balance is credited back to your account. And the perks don’t stop there – you can easily use your rewards at popular retailers like Amazon.com and with payment platforms like PayPal. With Discover, maximizing your rewards has never been easier!
• Unlimited Cashback Match: With this card, you’ll also unlock a phenomenal one-time bonus: Unlimited Cashback Match – exclusively from Discover. That’s right – Discover will automatically match all the cash back you’ve earned at the end of your first year, with no minimum spending or maximum rewards. It’s a dollar-for-dollar match that puts even more money back in your pocket. With rewards this generous, there’s no limit to the benefits you’ll enjoy!
• Smooth Transition: After just seven months of responsible credit usage, you’ll automatically be considered for a deposit return and upgraded to an unsecured card status. This isn’t just any transition – it’s a thrilling leap forward that rewards your financial discipline and unlocks a world of possibilities. With an unsecured card, you’ll enjoy increased flexibility, higher credit limits, and access to even more fantastic perks and benefits. 
• Free FICO Credit Score: You’ll get complimentary access to your FICO Credit Score! That’s right – stay in the know about your credit health without spending a dime. It’s like having a personal financial coach in your corner, cheering you on towards your credit goals!
• No annual fee: Get ready to celebrate because there’s no annual fee with this card! That’s right – enjoy all the fantastic benefits and perks without worrying about any pesky fees eating into your savings. It’s like getting VIP treatment without paying a cover charge – pure financial freedom at its finest!
• Travel benefits: From emergency card replacement to roadside assistance, you’ll have peace of mind knowing you’re covered wherever your adventures take you. It’s like having a travel companion that’s always got your back, ensuring smooth sailing every step of the way!
• Freeze It: Get excited because this card features the Freeze It security feature! With just a tap on your phone, you can instantly freeze your account to prevent unauthorized purchases. It’s like having a virtual lock for your card, giving you total control and peace of mind. Say goodbye to worries about fraudulent charges – Freeze It has got you covered!
• Free Overnight Card Replacement: If your card is lost or stolen, rest assured that a new one will be on its way to you in no time – and it’ll arrive faster than you can say “peace of mind.” It’s like having a superhero swoop in to save the day, ensuring you’re never without your trusted card for long!
• Discover Identity Alerts: Provided by Discover Bank at no cost, it offers online identity protection without affecting your credit score. These alerts monitor your Experian credit report daily for new inquiries or accounts and scan Dark Web sites for your Social Security Number. It’s like having a virtual guard protecting your financial security 24/7.

Who can apply?

Here’s a list of eligibility criteria for the U.S. Bank Altitude Reserve Visa Infinite Card:

• Minimum deposit of $200 required to secure the card
• Must be a U.S. resident
• Must be at least 18 years old
• Minimum credit score requirement of 300

How to apply?

Applying for a Discover It Secured Credit Card is easier than you think:

1. Go to the Discover website and look for Discover It Secured Credit Card
2. Click on Apply Now
3. Read Terms and Conditions
4. Fill your personal and financial details
5. Submit your application

Frequently asked questions

What are secured credit cards?

Secured credit cards are designed for individuals aiming to establish or rebuild their credit. While they function like standard credit cards, the key difference lies in providing a security deposit as collateral for the credit card account.

How much deposit do I need for Discover secured credit card?

Discover’s secured credit card requires a minimum deposit of $200 to open your account, with the option to deposit up to $2,500 if approved.

How can I increase my credit limit?

To boost your credit limit on the Discover it Secured Credit Card, it’s all about increasing your deposit amount! 

Can I get my security deposit back?

After seven months, Discover reviews your Discover it Secured Credit Card for a potential upgrade to an unsecured card, returning your deposit. Closing the account while in good standing results in a refund within about two billing cycles.