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Discover it Secured Cash Back

Secured credit cards

A secured cash-back card with no annual fee. The assigned $49, $99 or $200 refundable deposit opens at least a $200 credit line. Earn 5% in rotating categories when activated, up to the quarterly maximum, and 1% on other purchases.

Pros

  • $0 annual fee.
  • Reports to the three major credit bureaus.
  • 5% in activated rotating categories up to the quarterly maximum; 1% on other purchases.
  • Eligible new cardholders receive a dollar-for-dollar match of cash back earned in their first 365 days; exclusions and offer terms apply.

Cons

  • Deposit is assigned at $49, $99 or $200; $49 is not guaranteed.
  • Complete the required deposit within 35 days of approval.
  • Confirm current APR and charges before applying.
  • Activate quarterly categories to earn the advertised 5% rate.
  • Additional deposit before activation can raise the initial credit line; the approved maximum is individually assigned between $1,000 and $3,000.

Generated from the provider's published terms and reviewed against official sources.

Eligibility and application requirements

U.S. address: Required

Residency and other conditions: Approval is required; no credit score is required to apply, but available scores may be used. Fund the assigned deposit by electronic bank transfer within 35 days. Installments must be at least $20 in whole dollars. Confirm current SSN/ITIN and newcomer document eligibility on the application; the current product page does not establish these requirements.

Geographic restrictions: Current application terms accept addresses in all 50 U.S. states, Washington, D.C., Puerto Rico and U.S. military locations. Correctional-institution addresses are excluded. Other territories and foreign residential addresses are not listed as eligible; identity and underwriting requirements still apply.

Product review: 03 Nov 2026. Source retrieval dates below are separate from editorial verification. An accepted ITIN does not establish residency eligibility.

Compare secured credit cards requirements and costs · How we assess published requirements

Annual fee 0 (currency not confirmed)
Security deposit From 49 USD
Purchase APR Not confirmed
Foreign currency fee 0%
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Official terms

Checked 3 Nov 2026

Rewards

Not confirmed

What you need to apply

  • Eligible residential address in the U.S. · Minimum age: 18+
  • Credit approval required; paying the security deposit does not guarantee approval.
  • SSN: Conditional
  • ITIN / alternative ID: Not confirmed
Credit check

Hard inquiry — Hard inquiry inferred from issuer guidance.

How the security deposit works

  • Required deposit: From 49 USD
  • Funds remain unavailable for spending or withdrawal while pledged.
  • Deposit return / upgrade to an unsecured card is subject to review.

Remaining costs

No additional reviewed fees are currently listed.

Official sources
Verification notes

Last reviewed: 3 Nov 2026. Details are based on the provider’s published materials at that time.

Read official terms ↗

This information is educational and does not guarantee eligibility or approval. The provider makes the final decision.

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