Cash Magnet vs Discover it Secured

Cash Magnet
$0/yr
7.0/10
VS

Discover it Secured
$0/yr
7.0/10
Quick Answer
Cash Magnet charges no annual fee with 1X base rewards. Discover it Secured charges no annual fee with 1X base rewards. Cash Magnet offers a slight edge depending on your spending when comparing fees, rewards, and benefits side by side.
Apply for Cash Magnet →
PointsPick may earn a commission. Disclosure
Apply for Discover it Secured →
PointsPick may earn a commission. Disclosure
Winner by Category
Annual Fees
Cash Magnet
Lower annual fee ($0 vs $0)
Rewards Earning
Discover it Secured
2 earning categories
Benefits & Protection
Cash Magnet
0 benefits vs 0
Flexibility
Tie
Both cards have similar redemption flexibility
OUR PICK
Cash Magnet edges ahead
Better rewards and benefits at the same fee level.
Apply for Cash MagnetPREMIUM PICK
Discover it Secured is a strong alternative
Competitive features make it worth considering.
Apply for Discover it SecuredRewards Earning: Detailed Comparison
Cash Magnet
| Everything | 1.5X |
Discover it Secured
| N/A | 2.0X |
| N/A | 2.0X |