![]() Or a $500 deposit for a $500 credit line. That means a $200 deposit for a $200 credit line. Establish your credit line by providing a refundable security deposit of at least $200.No Annual Fee, earn cash back, and build your credit with responsible use.It also comes with the following sign-up bonus: Discover will match all the cash back you’ve earned at the end of your first year. 1% unlimited cash back on all other purchases - automatically. The Discover it ® Secured Credit Card offers 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. (Note that your behavior across your credit cards and loans from Discover, as well as those from other issuers or lenders, will be evaluated.) You can also get your deposit back if you choose to close your account and pay any remaining balance. The secured card - which requires a refundable security deposit ranging from $200 to $2,500 that serves are your line of credit - offers an intro APR on balance transfers for half a year and charges a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.Īfter you’ve had the card for seven months, Discover will begin conducting monthly account reviews to see if you’re eligible to graduate to an unsecured card and get your deposit refunded. The Discover it ® Secured Credit Card is designed for those with poor/limited credit who want to build their credit. There’s no minimum spending or maximum rewards. Discover will automatically match all the cash back you've earned at the end of your first year! So you could turn $50 cash back into $100. The card also offers the following sign-up bonus: Unlimited Cashback Match – only from Discover. Plus, earn unlimited 1% cash back on all other purchases – automatically. The card also offers a 0% Intro APR for 6 months on purchases, then a 15.99% - 24.99% Variable APR.ĭiscover it ® Student Cash Back cardholders earn 5% cash back on everyday purchases at different places each quarter like, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. If you are a student with fair/limited credit who wants to transfer your existing credit card debt to a card with a lower interest rate, the Discover it ® Student Cash Back is a solid choice.Īlong with offering a 10.99% Intro APR for 6 months on balance transfers, then a 15.99% - 24.99% Variable APR, the card charges a $0 annual fee. ![]()
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