Discover it Secured Credit Card by Discover: 5% rotating quarterly (first $1,500/qtr), 1% everything else. No annual fee. Rates and credits verified from…
The Discover it Secured Credit Card is Discover's no-annual-fee credit card. The $0/yr annual fee includes a first-year welcome offer. Cashback Match: Discover automatically matches all the cash back you earn in your first year, dollar for dollar, with no limit and no minimum spend. Discover's words: "We'll match all the cash back you've earned on your credit card from the day your new account is approved through your first 365 days." Discover product page, read 2026-10-11. Beyond the welcome bonus, here's what the card actually delivers.
Welcome bonus value (year one): ~$0. Annual statement credits: $0. Minus the $0 annual fee = ~$0 in year-one net value before any spending earn. RewardsGuru rating: 3.6/5 — based on our net-value methodology.
Best fit: someone building a long-term card portfolio without ongoing cost — the card stays open forever, padding average account age. Skip if: you want premium perks (lounge access, large statement credits, elite status); this card has none.
Cashback Match: Discover automatically matches all the cash back you earn in your first year, dollar for dollar, with no limit and no minimum spend. Discover's words: "We'll match all the cash back you've earned on your credit card from the day your new account is approved through your first 365 days." Discover product page, read 2026-10-11.
Yes — there's no annual fee. The card stays open at zero ongoing cost, which makes it a good long-term hold for credit-history length.
Check the card's terms — most premium travel cards waive foreign transaction fees, while no-fee and entry-tier cards usually charge 2-3%. Discover's product page has the current rate.