New: Review Discover Card Secured

New: Review Discover Card Secured -

Discover recently launched a pretty stellar addition to its card range - the Discover secured card. For people with past or current credit issues (or no credit history at all), this secured card can help improve your credit history to responsible consumption and on time monthly payments because it realizes to all three credit bureaus. The card also has no annual fee, no foreign transaction fees and generous cash back rewards. We really love because it is so similar to a "regular" credit card, and offers the same robust features that you get with an unsecured Discover card.

Right out of the gate Secured Discover Card offers cash back rewards - something we have not seen offered by other secured cards on the market. You will gain 2% cash back at restaurants and gas stations (a maximum of $ 1,000 combined purchases each quarter) and a cash unlimited 1% cash back on everything else . In addition, at the end of the first year out automatically double the cash back you won this year! So if you won $ 50, Discover will double to $ 100. 2x This bonus is only available the first year you have the card, but it is still a great advantage.

In addition to cash back rewards you will receive monthly updates to your TransUnion FICO Score . This is a handy feature that can help track your TransUnion score over time. You will not receive your Equifax or Experian FICO score, which would have been fine, but we're not going to look a gift horse in the mouth. Just the fact that you get a free FICO score each month is a very important matter, particularly with a secured card, which usually does not generally offer the same features as credit cards "regular".

There is absolutely no annual fee and no foreign transaction fees to worry. So you can travel the world and use your card without incurring these "transaction costs" pesky that can add when you make purchases outside the US

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Overall, we believe that Discover Secured is a good choice if you are in a situation where you do not qualify for a regular credit card. you will get all the same benefits and features and can work on improving (or . creation) of your credit history with regular monthly payments and responsible use and earn significant money back does not hurt either that

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