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Discover it Secured Cash Back card offers 5% rewards for eligible spending
The secured card can be opened without a credit score, with an initial credit line of up to $200 backed by a security deposit starting at $49.
Yahoo Finance says the Discover it Secured Cash Back Credit Card does not require a credit score to apply and is designed to help consumers build credit while earning rewards.
The card offers 5% cash back in eligible bonus categories after cardholders activate each quarter, with categories that rotate quarterly and often include everyday spending such as gas stations, grocery stores, restaurants, and select streaming services.
Outside those activated categories, cardholders earn 1% cash back on purchases where Discover is accepted, which the outlet says is at 99% of merchants nationwide.
The article also notes that new cardmembers receive an unlimited dollar-for-dollar match on all cash back earned by the end of the first year, and that applicants can qualify for a credit line of $200 with a security deposit as low as $49, with the possibility of increases over time and a path to the unsecured version.