Discover it® Secured Credit Card

The advertised credit profile is general guidance, not a score cutoff or an approval prediction. Discover makes every lending decision.

Annual fee and first-year pricing

No annual fee

Balance transfers and fees

When Card Lock is enabled, some activity may continue, including returns, credits, payments, interest, balance transfers, dispute adjustments, other account fees, purchase transactions during system downtime and certain other exempted transactions. Typically, only primary cardholders or account managers can lock and unlock a card. Capital One customers are responsible for regularly checking their account activity and making payments on locked cards. If your card is lost or stolen, please notify Capital One as soon as possible.

Security deposit

If you are approved for a Discover it Secured Cash Back Credit Card, you’ll be required to pay a refundable deposit online. All deposits must be at least $20 and in whole dollar increments and funded through an electronic funds transfer from a bank account — cash, checks, and other money transfer methods are not accepted. You can make your required deposit via the link sent to your email or in your approval letter. Refundable deposit as low as $49 Refundable deposits as low as $49 unlock credit lines starting at $200. Provide a refundable deposit to open your account A deposit as low as $49 will unlock a credit line of at least $200. To increase your credit line, simply deposit more than the required deposit amount before activating your card.

Conditions to know

• Credit line is generally tied to the security deposit, subject to issuer requirements.
• On-time payments may help build credit history but do not guarantee a score increase.
• Graduation review and deposit return are subject to issuer policies.

Recorded from Discover’s public information. Rates and fees change, so the issuer’s current disclosures are authoritative.