The Discover it Secured Card is designed for anyone looking to build or repair their credit while enjoying practical benefits. To qualify, applicants need at least a fair credit rating. The required refundable security deposit starts at R3,600 (about $200), with a maximum limit of R45,000 (about $2,500), making it flexible for different budgets. An attractive 28.24% variable APR and zero annual fees mean you can build your score without unnecessary charges. Users can also benefit from cashback rewards on their purchases.

How to Apply for the Discover it Secured Card

1. Collect documentation to prove identity and income
2. Complete the online application on the provider’s website
3. Undergo a credit check by the issuer
4. Pay the required security deposit
5. Receive the card if approved and start spending responsibly

Pros of the Discover it Secured Card

One of the leading advantages is the card’s ability to help users build or fix their credit through responsible use, as monthly reports go to major credit bureaus.

The card offers cashback rewards. Cardholders earn money back on qualifying purchases, a rare feature for secured cards, boosting its day-to-day appeal.

Cons of the Discover it Secured Card

A high APR of 28.24% could make carrying a balance expensive, especially for those who do not pay in full each month.

The credit limit is tied to the deposit size, and some may find the deposit requirement restrictive if funds are tight upfront.

Our Verdict

Overall, the Discover it Secured Card presents an excellent chance for users to regain financial footing, build their credit, and enjoy tangible rewards. While the APR is relatively high, the no annual fee, potential for graduation to an unsecured card, and cashback offers stand out in the secured card market.