Minimum deposit: $200
The Discover it® Secured Credit Card is an excellent choice for building credit, whether you’ve never had a credit card before or have a damaged credit history because of past missteps. It requires a security deposit in the amount of your desired credit limit, but is easier to qualify for with poor credit and doesn’t charge expensive monthly or annual fees. Plus, after you’ve had the card seven months, Discover will begin conducting monthly account reviews to see if you qualify to get graduate to an unsecured card and get your deposit back.
Who’s this card best for?
If you have poor/limited credit and want a card to help you improve your score, the Discover it® Secured Credit Card is an excellent choice. You’ll have to deposit between $200 and $2,500, but but you’ll also have the chance to graduate to an unsecured card and get your deposit back.
Cardholders earn Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.. Plus, there’s a unique sign-up bonus, too: Discover will match all the cash back you’ve earned at the end of your first year.
Minimum deposit: None
The Discover it® Student Cash Back allows college students the chance to build credit history while earning cash back at a generous rate (until you hit the quarterly spending cap).
Who’s this card best for?
If you’re a college student with a thin credit file, the Discover it® Student Cash Back can help you improve your credit score and — with responsible behavior — set you up for success later in life.
It comes with a generous cash back program: Cardholders earn 5% cash back at different places each quarter up to the quarterly maximum when you activate. 1% unlimited cash back on all other purchases - automatically. Just know you’ll have to activate a new bonus category each quarter, and the 5% rate drops to 1% until the next quarter once you’ve spent $1,500 in the current bonus category.
Plus: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Glen Luke Flanagan is a former senior credit card writer for LendingTree. He joined the team in June 2019, and covered topics that included new credit cards, how your credit score works and what you need to know about credit card interest.
Before joining LendingTree, Glen worked in journalism and government communications. As a journalist at newspapers in North Carolina and South Carolina, his reporting won awards from the North Carolina Press Association and the South Carolina Press Association, respectively.
Glen earned his bachelor’s degree in media studies with a concentration in journalism from Radford University, graduating summa cum laude in May 2014. He also earned a master’s degree in English with a concentration in technical and professional communication, as well as a graduate certificate in marketing, from East Carolina University in May 2022.
The above offers and/or promotions may have since changed, expired, or is no longer available. Check the Issuers’ website for more details.