Opinions expressed here are our own, not those of any bank, credit card issuer, airlines or hotel chain. Terms apply to offers listed.
The Discover it Secured Card is hands down one of the best entry-level credit tools out there if you’re looking to build or rebuild your credit. You make a refundable deposit (usually starting at $200), which becomes your credit limit.. ..and from there, you’re off to the races. You use it like any other credit card, pay it off in full each month, and over time, you start building that credit score up.
Unlike most secured cards, this one actually gives rewards: 2% cashback at gas stations and restaurants (on up to $1,000 per quarter), and 1% back on everything else. Discover will even match all the cash back you earn in your first year, which is pretty generous for a secured card. After about 7 months, they’ll start automatically reviewing your account to see if you’re eligible for an upgrade to an unsecured card — and if so, they’ll return your deposit.
If you’re just getting started or bouncing back from credit issues, this is a card that treats you with a bit of dignity while doing its job well.
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I don’t include all US credit card offers available on this site. Instead, I write primarily about cards which earn airline miles, hotel points, and some cash back (or have points that can be converted into the same).
Editorial Note: The opinions, analyses, and evaluations here are mine and not provided by any bank including (but not limited to) American Express, Chase, Citibank, US Bank, Barclays or any other company. They have not reviewed, approved or endorsed what I have to say.
Comments made in response to posts are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered.
Disclaimer: Humphrey's Guide strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.