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BofA Customized Cash Rewards Secured vs Discover it Secured

Not credit advice. Facts and math from issuer pages and the CFPB, each with its date. Offers change; approval depends on your credit. Verify on the issuer's site.

Rubric: Discover it Secured leads by 15.7 pts. Scores: BofA Customized Cash Rewards Secured 43.4%, Discover it Secured 59.1%.

At a sample $1,920/month (groceries $500, dining $300, gas $150, travel $150, online $200, other $400 …): BofA Customized Cash Rewards Secured nets $362/yr, Discover it Secured nets $230/yr after annual fees. Use your own numbers →

Criterion scores (0–10)

• Annual feeSecured: 10.0 · Secured: 10.0
• Rewards rateSecured: 5.0 · Secured: 6.0
• Sign-up bonusSecured: 0.0 · Secured: n/a
• Intro 0% APRSecured: 0.0 · Secured: 0.0
• Regular APRSecured: 4.4 · Secured: 5.4
• Foreign transaction feeSecured: 3.0 · Secured: 10.0
• Regulatory record (CFPB)Secured: 8.0 · Secured: 10.0

Downsides

• BofA Customized Cash Rewards Secured43.4%
  Bank of America · secured
  Annual fee $0APR 27.49%–28.24% variableRewards 1% base; 2% groceries (to $10,000/yr); 3% choice of gas/online/dining/travelCredit ≤619, 620–719 (CFPB TCCP targeted tiers)

  ⚠ 3% foreign transaction fee · APR up to 28.24% if you carry a balance · Penalty APR up to 29.99%

• Discover it Secured59.1%
  Discover (Capital One) · secured
  Annual fee $0APR 26.49% variableRewards 5% rotating quarterly categories (activation, quarterly max); 1% other; first-year Cashback MatchCredit No credit score required to apply

  ⚠ Late fee up to $41 · Rotating 5% quarterly categories need activation and change each quarter; not modeled (we count the 1% base).

No paid placement. No issuer pays VaultRubric for inclusion or rank; links go to the issuer's own page. Ranks come only from the published rubric below.

FAQ

Which is better, BofA Customized Cash Rewards Secured or Discover it Secured?

On VaultRubric's rubric: Discover it Secured scores higher. The better card for you depends on where you spend; the calculator shows net value for your spending.

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.