Milestone Mastercard® vs. Discover it® Secured Credit Card
If you’d prefer a secured card that offers cash back on every purchase and charges a $0 annual fee, the Discover it® Secured Credit Card will be a better fit.
You’ll 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 will match all the cash back you’ve earned at the end of your first year.
There’s no annual fee, but this card does require a deposit ranging from $200 to $2,500, which will serve as your line of credit. Still, you’ll get the opportunity to graduate to an unsecured card and get your deposit back after using the card responsibly for seven months.
There’s also no penalty APR, and the late fee is none the first time you pay late. After that, up to $41.