Head-to-head · sourced terms

Capital One Platinum Secured vs Discover it Secured

Secured cards help you establish or rebuild credit by backing your credit line with a refundable deposit. These two are frequently cross-shopped, and — as of our last verification — both are currently accepting applications: the Discover it Secured relaunched under Capital One on 2026-08-25 after a temporary pause, with materially new terms. Here is how their published terms compare.

Capital One Platinum Secured vs Discover it Secured — side-by-side comparison of sourced card terms
Term	Capital One Platinum Secured Credit Card Accepting applications	Discover it Secured Credit Card Accepting applications
Annual fee	$0	$0Re-confirmed 2026-08-25 on the relaunched official page ("No annual fee").
Purchase APR	28.99% variable (as of August 2026)Rendered directly on the official page 2026-08-25 ("Purchase Rate: 28.99% variable APR"); previously triangulated from secondaries. Secured cards carry a high APR — carry no balance while building.	—
Foreign-transaction fee	$0	—
Rewards	—	5% cash back on rotating quarterly categories (activation required, up to the quarterly maximum); 1% on everything else; unlimited first-year Cashback MatchCHANGED from "2% at gas and restaurants (up to $1,000/quarter), then 1%" on re-verification 2026-08-25: the relaunched card adopted the rotating 5% structure.
Security deposit	$49, $99, or $200 refundable deposit opens a $200 initial line; deposit more (whole $20 increments) to raise the initial line, up to a $1,000 maximum	Refundable deposit of $49, $99, or $200 (set by creditworthiness) unlocks a credit line of at least $200; deposit more before activating the card to raise the lineCHANGED from "$200 minimum up to $2,500" on re-verification 2026-08-25: the relaunched card adopted Capital One-style deposit tiers ($49/$99/$200 based on creditworthiness). The old warning that "$49 belongs to a different card" no longer applies — both this card and the Capital One Platinum Secured now use tiered deposits.
Availability	Accepting applications	Accepting applications
Editorial rating	4.5 / 5	4.3 / 5
Est. interest carrying $3,000 for a year	$869.7Illustrative interest on a $3,000 balance carried for one year at the listed APR — not a quote. Your rate depends on creditworthiness; confirm with the issuer.	—No purchase APR is published for this card, so we do not estimate interest.

The bottom line

Both cards are accepting applications and now use the same tiered $49/$99/$200 refundable deposit structure to open a line of at least $200 — the old “Discover’s minimum is $200, not $49” distinction no longer applies since the relaunch. The Discover it Secured is the rarer find: a secured card that earns 5% cash back on rotating quarterly categories (activation required) plus a first-year Cashback Match, versus no rewards on the Platinum Secured. Both report to all three bureaus and charge no annual fee. The Discover card’s relaunch terms are new as of 2026-08-25 and may still settle — secured cards carry high APRs regardless, so use them lightly, pay in full, and confirm current terms directly with each issuer before applying.

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