Discover it Secured Credit Card Review: Build Credit and Earn Rewards Responsibly, Benefits Explained



Discover it Secured Credit Card Review: Build Credit and Earn Rewards Responsibly, Benefits Explained

If you're new to credit or have made credit mistakes in the past, the Discover it® Secured Credit Card is an excellent option to help build or rebuild your credit responsibly. Unlike many other secured cards, Discover offers a unique twist by adding rewards to the mix.

Rewards: With the Discover it® Secured Credit Card, you can earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Additionally, you'll earn unlimited 1% cash back on all other purchases.

Welcome Offer: Discover sweetens the deal with an appealing Unlimited Cashback Match. At the end of your first year, Discover automatically matches all the cash back you've earned. There are no minimum spending requirements or maximum rewards to worry about.

Annual Fee: The card comes with a $0 annual fee, making it a cost-effective choice for those looking to build credit while enjoying rewards.

Other Benefits and Drawbacks: One of the standout features of the Discover it® Secured Credit Card is the cash back rewards. It's one of the few secured cards that allow you to earn cash back on your purchases, making it a win-win for those working on their credit. As you responsibly manage your card, Discover may review your account for graduation to an unsecured card. Plus, they'll refund your security deposit starting at seven months.

Overall, the Discover it® Secured Credit Card is a smart choice for building credit and earning rewards simultaneously. Just remember to use your card responsibly and make timely payments to establish a positive credit history.

Tags

  • Discover it Secured Credit Card
    •  
  • review
    •  
  • benefits
    •  
  • secured card
    •  
  • 2% cash back
    •  
  • Unlimited Cashback Match
    •  
  • no annual fee
    •  

Categories