Discover it® Secured Cash Back Credit Card: deposit, fees and APR

Fact sheet for the Discover it® Secured Cash Back Credit Card, issued by Discover (Capital One), with no annual fee and cash back. Every detail below comes from the issuer’s pricing and terms pages, checked on the date shown at the end of the page.

Issuer	Discover (Capital One)
Network	Discover
Annual fee	$0
Rewards	Cashback: Earn 5% cash back on everyday purchases at different places you shop each quarter, up to the quarterly maximum when you activate. Plus, earn 1% cash back on all other purchases.
Purchase APR	29.24% Purchase APR applies
Balance transfer fee	5% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR.
Sign-up bonus	Unlimited Cashback Match: get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically. There is no limit to how much we'll match.
Foreign transaction fee	None
Credit level	Fair
Secured	Yes, a refundable deposit sets the limit

What new cardholders actually got

In the CFPB's Terms of Credit Card Plans survey for July to December 2025, new accounts on this card got a median purchase APR of 27.24%, with a range of 26.74% to 27.24%. The advertised range above is what the issuer offers today; the survey shows where approved applicants landed.

Source: Consumer Financial Protection Bureau, Terms of Credit Card Plans survey.