The best bad credit credit cards of 2021 – Forbes Advisor
The Discover it® Secure Credit Card comes with a great combination of features for those looking to grow their credit. The card comes with no annual fee, no account opening fee, and the card earns rewards to get started.
Rewards: Get 2% cash back at gas stations and restaurants up to $ 1,000 in combined purchases each quarter and unlimited 1% cash back on all other purchases.
Welcome offer: Introductory Offer: Unlimited Cashback Match – only from Discover. Discover will automatically match any Cash Back Rewards you’ve earned at the end of your first year! There is no minimum spend or maximum rewards. Just a dollar-for-dollar match.
Annual subscription : $ 0
Other advantages and disadvantages: In addition to the lack of fees common to other secure cards, Discover will examine your account from eight months to see if you qualify to switch to an unsecured account, a laudable goal with any secure card. Your security deposit earns no interest and the 2% cash back on restaurants and gas stations is capped at $ 1,000 per quarter, but it is relatively rare to earn rewards on a secure card.
The only downside to Discover is that it isn’t widely accepted like other cards, especially overseas.
Read our full review of the Discover it® Secure Credit Card.