Discover it® Balance Transfer Card
Discover it® Balance Transfer Card
By: Nilo Trip
The Discover it® Balance Transfer Card is an excellent solution for anyone looking to reduce interest costs and regain control of their finances. With a generous 0% introductory APR for 18 months on balance transfers, this card allows you to move high-interest debt from other credit cards and pay it down without accruing additional interest during the promotional period. In addition to its balance transfer advantages, the card also offers a strong cash-back program and no annual fee, making it both a practical and rewarding financial tool for long-term money management.
thumb_up Know the Benefits
Designed for consumers who want to eliminate debt while still earning rewards, the Discover it® Balance Transfer Card combines interest-free financing, flexible rewards, and helpful protections.
- done Enjoy 0% introductory APR for 18 months on balance transfers, giving you plenty of time to pay down existing balances without interest and save significantly on finance charges.
- done Earn 5% cash back in rotating quarterly categories after activation and 1% unlimited cash back on all other eligible purchases, allowing you to earn rewards even while paying off debt.
- done There is no annual fee, so you can keep the card open long-term without worrying about recurring costs.
- done Discover matches all the cash back you earn during your first year automatically, effectively doubling your rewards with no cap or restrictions.
thumb_down Understand the Drawbacks
While the Discover it® Balance Transfer Card offers strong benefits, it is important to consider a few limitations before applying.
- close A balance transfer fee of 3% applies to the amount transferred, which slightly increases the total cost of moving your debt.
- close To earn the 5% cash back rate, you must activate the rotating categories each quarter, which requires regular attention.
- close Foreign transaction fees make this card less suitable for frequent international travelers or overseas purchases.
help How to Apply for the Discover It Balance Transfer Card
Applying for the Discover It Balance Transfer Card is simple and can be done online.
- Visit the Discover website and navigate to the Balance Transfer card page.
- Click “Apply Now” and fill out your personal details.
- Review the terms and conditions carefully.
- Submit your application for approval.
- Once approved, receive your card in the mail.
- Start using your card for balance transfers and earning rewards.