✅ Discover it Secured has no annual fee and offers cashback on all purchases
✅ No prior credit score is required to apply
✅ Possibility of getting your security deposit back after usage review
✅ Full protection with zero fraud liability guarantee
Why does Rede Utua recommend the Discover it Secured Card?
Discover is a widely recognized institution known for its financial strength and strong commitment to customer security. Over decades, the brand has established itself as one of the most accepted in the market, offering genuine human support available 24 hours a day, 7 days a week.
For Rede Utua, this constant availability and strong focus on protection – such as data monitoring and security alerts – make Discover a reliable choice for those taking their first steps toward rebuilding their financial life.
In addition to exemplary support, our recommendation is based on the company’s history of innovation in expanding access to credit. Discover uses advanced technologies to automatically review customer accounts, always looking for opportunities to graduate users to traditional credit cards.
This ecosystem of care, which includes everything from financial education to instant card freeze tools, shows that the institution aims not only to offer a product, but to be a true partner in the growth of your financial stability.
What is a secured credit card and how does it work?
Unlike a traditional credit card, the Discover it Secured Credit Card requires you to provide a refundable security deposit to activate the account. In practice, this deposit becomes your credit limit: if you deposit US$200, that will be the amount available for purchases. This mechanism is essential because it allows people with no credit history or low credit scores to access a real financial tool, without the risks of unsecured lending.
Day-to-day usage works just like any other credit card: you make purchases and pay your statement monthly. The major differentiator of the Discover it Secured is its automatic account review. Starting in the seventh month of use, the institution begins reviewing your behaviour on a monthly basis. If you demonstrate responsible usage by paying on time, Discover may upgrade you to an unsecured card and fully refund your security deposit, while keeping your credit line active.
Key advantages
The main feature that sets this card apart from many competitors is its rewards program, something rare among secured cards. You earn 2% cash back at gas stations and restaurants (up to US$1,000 in combined purchases per quarter) and unlimited 1% cash back on all other purchases. In addition, Discover offers the “Cashback Match” at the end of the first year, automatically doubling all the rewards you earned during that period, with no cap on this bonus.
Another essential point is the cost structure: the Discover it Secured has no annual fee. This means you can focus your resources solely on the initial deposit and paying your monthly statements. It’s also worth noting that the card is accepted at 99% of places that accept credit cards in the country, and account activity is reported to the major credit bureaus, which is the key driver for improving your credit score over time.
Author’s opinion
In our opinion, the Discover it Secured is one of the smartest tools available for anyone in need of a financial “fresh start.” The fact that it does not require a minimum credit score to apply removes a major barrier for many consumers. However, it’s important to understand that this is a planning commitment: you must have the deposit amount available in your bank account at the time of application for the credit limit to be activated.
Our advice is to carefully assess whether your current lifestyle allows you to pay the full balance every month. With a purchase APR of 26.49%, carrying a balance from one month to the next can be costly. Use the cashback to your advantage and view the security deposit as an investment in your future financial credibility, especially since there is no annual fee, allowing you to focus entirely on building your credit history.
Want to know everything about the Discover it Secured Card?
To better understand how to make your security deposit and check whether you are already pre-qualified for this opportunity without affecting your current credit, click the button below. On the next page, we’ll show you the path to start building credit with Discover it Secured, one of the most awarded cards in its category.
