Discover · Cash back · Discover
Discover it Secured: what it's really worth
The Discover it Secured has a no annual fee. For a typical household spending $2,070 a month, it's worth about $286 in year one and $286 each year after.
Annual fee$0
Sign-up bonusNone
Net value · year 1$286
Net value · each year after$286
Discover matches all the cash back you earn in your first year (Cashback Match).
Calculate it with your own spendingIs the annual fee worth it?
No annual fee — nothing to lose by keeping it open, which also helps your credit history.
How you earn
| Category | Rate | Value per $1 | Per year* |
|---|---|---|---|
| Dining | 2% | 2.0¢ | $56 |
| Groceries | 1% | 1.0¢ | $60 |
| Hotels | 1% | 1.0¢ | $10 |
| Flights | 1% | 1.0¢ | $12 |
| Gas | 2% | 2.0¢ | $36 |
| Streaming | 1% | 1.0¢ | $5 |
| Everything else | 1% | 1.0¢ | $108 |
*At typical monthly spending: dining $300, groceries $500, hotels $80, flights $100, gas $150, streaming $40, everything else $900. 2% at gas stations and restaurants on up to $1,000 combined each quarter, then 1%.
Credits and perks
- Automatic credit-limit reviews
- Foreign transaction fee: none
Who it's for
- Building credit while still earning cash back
- Reviews for an upgrade starting at month 7
- Not ideal: Anyone who can't set aside a $200 deposit
Can I get it?
- Recommended credit: Fair / building · $200 minimum refundable deposit
- Discover rules: Cashback Match is for new Discover cardmembers only.
- Discover: Limited acceptance outside the U.S. Not accepted at Costco warehouses.
Check the current offer at Discover
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Updated Oct 30, 2026.