Discover has temporarily discontinued applications for the Discover it庐 Secured Credit Card, narrowing the options for consumers who want to build credit and earn cash back. Applications closed on June 2, 2026. Capital One, which acquired Discover in 2025, says it will relaunch the card later this year.
All We Know About the Discontinuation
Combining credit-building features with rewards, the Discover it庐 Secured Credit Card has long been a popular option for consumers building or rebuilding credit. It requires a refundable security deposit starting at $200 with a credit line that’s typically equal to the deposit amount.
The card earns 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, then 1%. All other purchases earn 1% cash back. New cardholders can also earn a Cashback Match鈩�, which automatically matches all of the cash back earned at the end of your first year with the card.
“We are making some changes to the Discover it庐 Secured Card, and while doing so, we have temporarily stopped accepting applications … and plan to relaunch the card later this year,” a Capital One spokesperson said in a statement. “We consistently evaluate our products to ensure we are offering the most compelling benefits and features to our customers.”
It’s unclear what changes, if any, existing cardholders will see to their current accounts. Secured cards are often a starting point for consumers who can’t qualify for traditional unsecured cards. Few secured cards offer cash back with no annual fee.
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Other Cards to Consider
If you were considering the Discover it庐 Secured Credit Card, you still have options for credit-building cards that earn cash back.
The is open to students who are new to credit or have fair credit. The card has no annual fee. It earns 5% cash back on everyday purchases in quarterly rotating bonus categories up to the quarterly maximum when you activate and 1% cash back on all other purchases. Discover matches all the cash back you earn at the end of your first year as a cardholder with the Cashback Match鈩� feature.
With the , cardholders with limited or bad credit can earn 1.5% cash back on all purchases and 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel. There’s no annual fee, but there is a refundable minimum security deposit of $200. This is the closest alternative to the Discover it庐 Secured Credit Card.
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Update 06/03/26: This story was previously published at an earlier date and has been updated with new information.
