Compare it to the Discover it® Secured Credit Card
If you want the opportunity to earn cash back on every purchase you make using a card, as well as the ability to use your card everywhere you shop, the Discover it® Secured Credit Card may be a better fit.
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, Discover will match all the cash back you’ve earned at the end of your first year.
With the Discover it® Secured Credit Card, you can become eligible to convert to an unsecured card after just seven months, versus the 12 months required for the Amazon Secured Card. The card also charges a $0 annual fee — with no additional membership fees required to earn rewards — and waives the late fee the first time you pay late: The late fee is none the first time you pay late. After that, up to $41.
One downside of the Discover it® Secured Credit Card is that the minimum security deposit is $200, which may be harder to come up with for some people. Additionally, the card charges an APR of 28.24% Variable APR, which is much higher than the Amazon Secured Card if you are unable to pay your balance in full each month.