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Discover it Secured vs BofA Customized Cash Rewards 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: Discover it Secured 59.1%, BofA Customized Cash Rewards Secured 43.4%.

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

Criterion scores (0–10)

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

Discover it Secured

IssuerDiscover (Capital One)
Typesecured
Annual fee$0 discover.com, 2026-10-11
Regular purchase APR26.49% variable discover.com, 2026-10-11
Rewards5% rotating quarterly categories (activation, quarterly max); 1% other; first-year Cashback Match discover.com, 2026-10-11
Sign-up bonus (≈$)not found discover.com, 2026-10-11
Intro APRnone No intro purchase APR in the pricing schedule discover.com, 2026-10-11
Foreign transaction feenone Pricing schedule (03/31/26) lists no foreign transaction fee discover.com, 2026-10-11
Penalty APRnone Discover agreement table: 'Penalty APR None' files.consumerfinance.gov, 2026-06-30
Late feeup to $41 up to; $0.00 for first occurrence; $30.00 if not charged a late fee within last six billing cycles; $41.00 otherwise files.consumerfinance.gov, 2025-12-31
Balance transfer fee3% files.consumerfinance.gov, 2025-12-31
Cash advance fee5% files.consumerfinance.gov, 2025-12-31
Credit neededNo credit score required to apply discover.com, 2026-10-11
Grace period25 days files.consumerfinance.gov, 2025-12-31
Cash advance APR29.24% files.consumerfinance.gov, 2025-12-31
CFPB survey APR (2025-12-31)26.74%–27.24% files.consumerfinance.gov, 2025-12-31 older; issuer figure above is newer

BofA Customized Cash Rewards Secured

IssuerBank of America
Typesecured
Annual fee$0 bankofamerica.com, 2026-10-12
Regular purchase APR27.49%–28.24% variable files.consumerfinance.gov, 2025-12-31
Rewards1% base; 2% groceries (to $10,000/yr); 3% choice of gas/online/dining/travel bankofamerica.com, 2026-10-12
Sign-up bonus (≈$)$0 Secured cards not eligible for a new-account bonus (issuer page) bankofamerica.com, 2026-10-12
Intro APRnone No intro APR shown bankofamerica.com, 2026-10-12
Foreign transaction fee3% files.consumerfinance.gov, 2025-12-31
Penalty APRup to 29.99% up to; per BofA agreement consumerfinance.gov, 2026-06-30
Late feeup to $40 up to (first and repeat late fee) files.consumerfinance.gov, 2025-12-31
Balance transfer fee4% files.consumerfinance.gov, 2025-12-31
Cash advance fee5% files.consumerfinance.gov, 2025-12-31
Credit needed≤619, 620–719 (CFPB TCCP targeted tiers) files.consumerfinance.gov, 2025-12-31
Grace period25 days files.consumerfinance.gov, 2025-12-31
Cash advance APR29.24% files.consumerfinance.gov, 2025-12-31

Downsides

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).
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%

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, Discover it Secured or BofA Customized Cash Rewards 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.