If you’ve ever been denied for a credit card, you know how frustrating it feels.
You want to build credit. You need a card. But lenders say your credit history isn’t strong enough.
That’s where the Discover It Secured Credit Card comes in.
Unlike many secured cards that feel like “starter tools,” this one actually rewards you while helping you build credit. You get cash back, no annual fee, and a real path toward upgrading to an unsecured card.
In this in-depth guide, you’ll learn:
- The exact requirements to qualify
- How much deposit you need
- Real benefits and hidden perks
- How it compares to the discover it cash back credit card
- Step-by-step approval tips
- Smart strategies for building credit with a secured card
Let’s break it down.
What Is the Discover It Secured Credit Card?
Discover it Secured Credit Card is a secured credit card designed for people with:
- No credit history
- Limited credit
- Fair or rebuilding credit
Unlike many secured cards, this one:
- Offers cash back rewards
- Has no annual fee
- Automatically reviews you for upgrade
It’s issued by Discover Financial Services and reports to all three major credit bureaus.
That’s important because consistent reporting helps you build a strong credit profile.
Discover It Secured Credit Card Requirements
If you’re wondering, “Can I qualify?” — here’s what you need to know.
Basic Eligibility Requirements
To apply, you must:
- Be at least 18 years old (19 in some states)
- Have a valid Social Security Number
- Have a U.S. address
- Provide proof of income
- Provide a refundable security deposit
There’s no strict minimum credit score requirement, which makes it ideal for beginners.
Even people with:
- No credit score
- Scores in the 300–600 range
- Past credit mistakes
…may qualify.
However, Discover still reviews:
- Income stability
- Existing debt
- Recent credit activity
- Banking history
Minimum Deposit & Credit Limit Explained
This is one of the most common questions.
How Much Is the Deposit?
The minimum deposit is $200.
Your deposit determines your credit limit.
| Security Deposit | Credit Limit |
| $200 | $200 |
| $500 | $500 |
| $1,000 | $1,000 |
| Up to $2,500 | $2,500 |
The maximum limit is typically $2,500.
Your deposit is:
- 100% refundable
- Held in a secure account
- Returned when you upgrade or close the card in good standing
This structure makes it a strong option among 0 annual fee credit cards.
Key Benefits of the Discover It Secured Credit Card
Most secured cards are basic.
This one isn’t.
1. Cash Back Rewards
You earn:
- 2% cash back at gas stations and restaurants (up to quarterly cap)
- 1% cash back on all other purchases
At the end of your first year, Discover matches all your cash back.
If you earn $150? They match $150.
That’s powerful for a secured card.
2. No Annual Fee
Many secured cards charge $29–$49 annually.
The Discover It Secured Credit Card is a true credit card without annual fee.
That means:
- Lower long-term cost
- Better for beginners
- No pressure to “justify” the fee
If you’re specifically looking for a no annual fee credit card, this checks the box.
3. Free Credit Score Tracking
You get:
- Free FICO score updates
- Credit monitoring alerts
- Spending reports
This helps you track progress while building credit with a secured card.
4. Automatic Account Reviews
After about 7 months, Discover begins reviewing your account.
If you’ve:
- Paid on time
- Kept balances low
- Managed responsibly
You may graduate to an unsecured card.
And you get your deposit back.
5. Fraud Protection & Security
You also get:
- $0 fraud liability
- Account alerts
- Freeze/unfreeze capability
- U.S.-based customer service
That’s rare in the secured space.
How It Compares to the Discover It Cash Back Credit Card
Discover it Cash Back is Discover’s popular unsecured rewards card.
Here’s how they compare:
| Feature | Secured Version | Cash Back Version |
| Credit Check | Flexible | Requires good credit |
| Annual Fee | $0 | $0 |
| Deposit Required | Yes | No |
| Cash Back | 2%/1% | 5% rotating categories |
| Upgrade Potential | Yes | Not applicable |
The secured version is ideal for:
- Beginners
- Students
- Rebuilders
The unsecured discover it cash back credit card is better for:
- Established credit profiles
- Maximizing category rewards
Think of the secured card as your stepping stone.
Pros and Cons
Pros
- No annual fee credit card
- Cash back rewards
- Automatic upgrade review
- Reports to all three bureaus
- Refundable deposit
- Strong customer service
Cons
- Requires upfront deposit
- Lower credit limit
- Foreign transaction fee may apply
- Approval not guaranteed
Overall, the pros strongly outweigh the cons for beginners.
How to Get Approved (Step-by-Step Strategy)
Let’s talk tactics.
Step 1: Check Your Credit Report
Visit: AnnualCreditReport.com.
Look for:
- Errors
- Collections
- Incorrect late payments
Dispute mistakes before applying.
Step 2: Stabilize Your Income
Even part-time income counts.
Discover looks at:
- Job consistency
- Ability to repay
Students can list:
- Employment income
- Scholarships
- Financial support
Step 3: Lower Existing Debt
If possible:
- Pay down high balances
- Reduce utilization
This increases approval odds.
Step 4: Choose a Smart Deposit Amount
A higher deposit:
- Improves credit utilization
- Shows financial stability
Example:
$200 limit → 30% utilization = $60 max balance
$1,000 limit → 30% utilization = $300 max balance
Higher limits give you flexibility.
Step 5: Apply Online
Apply directly through Discover’s official website.
Approval decisions are often instant.
If approved, fund your deposit and wait for the card.
How to Graduate to an Unsecured Card Faster
Want your deposit back?
Follow these rules:
- Pay on time — every time
- Keep utilization below 30% (ideally under 10%)
- Avoid cash advances
- Don’t max out the card
- Use it monthly but lightly
Most users see significant score increases within 6–12 months.
Real Example: Building Credit from Scratch
Sarah, 22, had no credit history.
She:
- Opened the Discover It Secured Credit Card
- Deposited $500
- Used it for groceries
- Paid in full monthly
After 8 months:
- Score increased from no score to 720
- Graduated to unsecured
- Received deposit back
That’s the power of consistent habits.
Common Mistakes to Avoid
Many beginners sabotage their progress.
Avoid these:
- ❌ Missing even one payment
- ❌ Maxing out your limit
- ❌ Opening too many cards
- ❌ Closing the card too early
- ❌ Carrying unnecessary interest
Remember: credit building is a marathon.
Expert Tips for Faster Credit Growth
Here’s what experienced credit strategists recommend:
- Set up autopay for minimum payment
- Pay twice per month to reduce utilization
- Keep balances under 10%
- Avoid applying for multiple cards within 6 months
- Monitor FICO score monthly
These small moves compound quickly.
Is the Discover It Secured Credit Card Good for Students?
Yes.
Students benefit from:
- No annual fee
- Rewards on everyday spending
- Upgrade potential
- Strong mobile app
If you’re starting your financial journey, this is one of the smartest entry-level tools available.
Final Verdict: Is the Discover It Secured Credit Card Worth It?
If you’re serious about building credit with a secured card, this is one of the best options available.
You get:
- Rewards
- No annual fee
- Credit bureau reporting
- Graduation potential
Most secured cards offer the bare minimum.
This one offers opportunity.
If you’re ready to stop getting denied and start building a strong financial future, the Discover It Secured Credit Card is a powerful first step.
Start small. Stay consistent. Build smart.
Frequently Asked Questions (FAQ)
1. What credit score do I need for the Discover It Secured Credit Card?
There is no strict minimum. It’s designed for people with poor, limited, or no credit history.
2. How long does it take to get approved?
Many applicants receive an instant decision. Card delivery typically takes 7–10 business days.
3. Does the Discover It Secured Credit Card build credit?
Yes. It reports to all three major credit bureaus, helping you build payment history and Improve Your Credit Score.
4. Can I get my deposit back?
Yes. After responsible use, Discover may upgrade you to an unsecured card and refund your deposit.
5. Is it better than other secured cards?
Compared to many competitors, it stands out due to:
- Cash back rewards
- No annual fee
- Graduation pathway
6. Can I increase my credit limit?
Yes, by adding additional deposit funds (subject to approval).
7. What happens if I close the account?
If the balance is paid in full, your deposit is refunded.
Also read: Money Management for Students: Your Complete Guide to Smart Financial Habits