PREMIER Bankcard® Mastercard® Credit Card vs. Discover it® Secured Credit Card
The Discover it® Secured Credit Card is a more affordable option for people who are building or repairing credit. While you’ll have to pay a $200 deposit upfront, it has a $0 annual fee. Plus, you may be able to have your deposit refunded in less than a year. Starting at seven months, Discover will do automatic reviews of your account and other financial data to see if you can transition to an unsecured credit card.
It also has a solid rewards program — you 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..
PREMIER Bankcard® Mastercard® Credit Card card vs. Capital One Platinum Secured Credit Card
The Capital One Platinum Secured Credit Card is a $0 annual fee card that offers a potentially lower security deposit. The refundable security deposit amounts include $49, $99 or $200 and you get a $200 line of credit for any of them. After six months of using the card responsibly, your account information is reviewed to see if you’re eligible for an increased credit limit.
Unlike the Discover it® Secured Credit Card, it doesn’t offer a clear timeline for upgrading to an unsecured credit card. It also lacks a rewards program, which you can find on many secured credits cards, as well as on some unsecured credit cards for people with low credit scores. Still, it’s a solid choice for building credit without having to pay ongoing fees.