Compare it to the Discover it® Secured Credit Card
Similar to the Credit One Bank® Platinum Visa® for Rebuilding Credit, the Discover it® Secured Credit Card is designed for individuals with limited or poor credit who want to build or rebuild their credit history. Additionally, along with reporting your credit usage to the three major credit bureaus, the Discover it® Secured Credit Card offers cashback rewards on every purchase you make.
Cardholders earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, 1% unlimited cash back on all other purchases - automatically. Plus — Discover it® Secured Credit Card Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Unlike the Credit One Bank® Platinum Visa® for Rebuilding Credit, the Discover it® Secured Credit Card comes with a $0 annual fee. However, it does require a refundable security deposit ranging from $200 to $2,500, which will serve as your credit line. That said, Discover will automatically conduct monthly reviews starting at eight months to determine if you can transition to an account with no security deposit.
Another perk of the Discover it® Secured Credit Card: Paying late won’t raise your APR, and there will be no late fee on your first late payment (after that, up to $40). By contrast, the Credit One Bank® Platinum Visa® for Rebuilding Credit may raise your APR for paying late, and you may be subject to a late payment fee of up to $39.