The Discover It Balance Transfer Card is a strong option for those looking to manage existing credit card debt while still earning rewards on their everyday purchases. 

This can be particularly beneficial for individuals who are trying to pay off high-interest debt without accumulating additional interest costs during the introductory period.

In addition to the 0% APR on balance transfers, the card also offers a rewards program that provides cashback on everyday purchases. 

Cardholders earn 1% cashback on most purchases, with the opportunity to earn 5% cashback on rotating categories each quarter (up to a quarterly maximum, activation required).

A standout feature of the Discover It Balance Transfer Card is the Cashback Match, where Discover matches all the cashback you’ve earned at the end of your first year. 

This effectively doubles your rewards during the first year of card membership, providing even more value for everyday spending.

Credit Card

Discover It Balance

No Annual Fee 3% Balance Transfer Fee

0% Introductory APR on Balance Transfers for 18 Months

APPLY NOW You will be redirected

How does the Discover It Balance Transfer Card work?

The Discover It Balance Transfer Card is designed to help you save on interest payments and earn rewards while managing your finances. Here’s how it works:

• Balance Transfer Intro APR: You’ll enjoy 0% intro APR on balance transfers for 18 months, allowing you to pay off debt without accruing additional interest during this period. After the intro period, a variable APR of 16.24% to 27.24% applies.
• Cashback Rewards: Earn 5% cashback on rotating categories like gas stations, grocery stores, and restaurants (on up to $1,500 in purchases each quarter, after activation), and 1% on all other purchases.
• Cashback Match: At the end of your first year, Discover automatically matches all the cashback you’ve earned, effectively doubling your rewards for that period.
• No Annual Fee: The card charges no annual fee, making it a budget-friendly option for cardholders.
• Flexible Redemption: Cashback can be redeemed for statement credits, direct deposits, gift cards, or shopping on Amazon.com.

Main benefits of Discover It Balance Transfer Card

The Discover It Balance Transfer Card offers several advantages that make it a top choice for managing debt and earning rewards:

• Long 0% Intro APR on Balance Transfers: With 18 months of 0% APR on balance transfers, this card gives you a significant window to pay down debt without interest.
• Cashback Rewards Program: Earn rewards on everyday purchases with 5% cashback on rotating categories and 1% on all other purchases.
• Cashback Match: Discover matches all the cashback you earn in your first year, effectively doubling your rewards and maximizing your earnings.
• No Annual Fee: The lack of an annual fee makes it easy to save money while enjoying the card’s benefits.
• Flexible Redemption Options: Use your cashback rewards in the way that suits you best, whether for statement credits, direct deposits, or shopping.

Cons of Discover It Balance Transfer Card

While the Discover It Balance Transfer Card is packed with benefits, there are a few drawbacks to consider:

• Balance Transfer Fee: A 3% fee applies to balance transfers, which could offset some of the savings from the 0% intro APR.
• Rotating Categories Require Activation: To earn 5% cashback, you must activate the rotating categories each quarter, which can be inconvenient for some cardholders.
• Limited Overseas Acceptance: Discover cards are not as widely accepted internationally as Visa or Mastercard, which may limit its usefulness for travel.
• Higher APR After Intro Period: Once the intro APR period ends, the variable APR (16.24% to 27.24%) may be high for those who carry a balance.

APR and Fees

The Discover It Balance Transfer Card offers a 0% intro APR for 18 months on balance transfers, followed by a variable APR ranging from 16.24% to 27.24%, depending on your creditworthiness. 

For purchases, there’s a 0% intro APR for 6 months, after which the same variable APR applies. There is no annual fee, but a 3% fee applies to balance transfers.

How to apply for the Discover It Balance Transfer Card

Applying for the Discover It Balance Transfer Card is simple. Here’s what to do:

1. Visit the Application Page: Go to the official Discover website.
2. Provide Your Information: Enter your personal details, such as name, address, social security number, and income, to determine your eligibility.
3. Review the Terms: Be sure to understand the card’s balance transfer terms, fees, and rewards structure before submitting your application.
4. Submit Your Application: Once your details are complete, submit the application. If approved, you can start transferring balances and earning rewards.

Credit Card

Discover It Balance

No Annual Fee 3% Balance Transfer Fee

0% Introductory APR on Balance Transfers for 18 Months

APPLY NOW You will be redirected

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