Capital One Launches New Discover it Secured Cash Back Card
Today, Capital One launched the new Discover it® Secured Cash Back Credit Card featuring Discover’s flagship 5% cash back categories, 1% cash back on all other purchases, and Unlimited Cashback Match at the end of year one. That’s all for no annual fee.
Designed to make credit building more accessible, the card offers credit lines starting at $200 with lower, refundable deposits as low as $49 (subject to credit evaluation). Cardholders also gain access to Capital One Travel, Capital One Entertainment, unlocking enhanced earnings and benefits.
If you don’t need a secured credit card, you can apply for the regular Discover it card which also comes with a $100 signup bonus.
Key Features & Benefits:
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5% Cash Back in Rotating Categories: From October 1 to December 31, after an in-app or online activation, cardholders can earn 5% cash back on qualifying purchases across Entertainment, Restaurants and Utilities. Cash back rewards never expire and can be redeemed in any amount, at any time.
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1% Unlimited Cash Back: Earn 1% cash back automatically on all other purchases
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Unlimited Cashback Match®: Discover automatically matches all the cash back earned at the end of the cardholder’s first year, with no minimum spending or maximum rewards cap.
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Refundable Security Deposit + Path to Upgrade: Cardholders who establish a positive track record can earn their deposit back and be upgraded to the Discover it® Cash Back Credit Card. Deposits are also fully refunded upon account closure in good standing.
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Capital One Perks: Cardholders gain access to additional earning opportunities across the Capital One ecosystem, including:
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Capital One Travel: 5% cash back on hotels, rental cars, and activities booked directly through Capital One Travel.
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Capital One Entertainment: 5% cash back on sports, concert, and theater tickets booked through Capital One Entertainment.
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Capital One Offers: Up to 15% cash back on qualifying online shopping purchases with partner retailers.
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