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Discover it® Balance Transfer

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Discover it® Balance Transfer

 

Rated 4.5/5 stars by our editorial team

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Your Rating:

3.8/5.0 from 41 Offer Ratings
Over the Past 60 Days!

(41) Over the Past 60 Days!

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  • Regular Purchase APR

    11.99% - 22.99% Variable APR

  • Intro Purchase APR

    0% Intro APR for 6 months

  • Intro BT APR

    0% Intro APR for 18 months

  • Typical Credit Needed

    549

    600

    660

    720

    850

  • Annual Fee

    $0

  • Card Brand

    Discover

Highlights

  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • No annual fee.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
  • See Rates & Fees

Card Fees

  • Foreign Transaction Fee

    None

  • Balance Transfer Fee

    3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

  • Cash Advance Fee

    Either $10 or 5% of the amount of each cash advance, whichever is greater.

Additional Card Details

  • $0 Fraud Liability

    Yes

  • Auto Rental Insurance

    No

  • Extended Warranty Program

    No

  • Roadside Assistance

    No

  • Purchase Protection

    No

  • Travel Assistance

    No

  • Flight Accident Insurance

    No

  • Lost Luggage Reimbursement

    No

  • Concierge Service

    No


Expert Reviews

  • Regular APR

    4.5

  • Intro APR

    4.5

  • Fees

    4.5

  • Benefits

    4.0

  • Overall Rating

    4.5 /5

From the LendingTree.com Editorial Team

With the Discover it® Balance Transfer credit card you can earn a solid 5% cash back at different places each quarter up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically. Even better, the cash back you earn won't expire - you can redeem cash back in any amount at any any time. And this rewards program only gets better with this card's amazing first-year bonus: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.

But the Discover it® Balance Transfer credit card really separates itself from the rewards pack by making it incredibly easy to potentially save hundreds on interest fees on purchases or balance transfers. This card offers new card members an introductory APR of 0% Intro APR for 18 months on balance transfers, followed by 11.99% - 22.99% Variable APR after that - this is about as good as it gets for $0 cards on the market today. And while the 0% intro APR period for purchases isn't nearly as generous (an intro APR on purchases of 0% Intro APR for 6 months from the date of account opening, then after that), this benefit could still result in big savings for cardholders who might end up carrying a credit card balance month-to-month.

Bottom line? There's a lot to love about the Discover it® Balance Transfer credit card.

The Bottom Line

By offering an excellent cash back program, a great balance transfer offer, and no annual fee, the Discover it® Balance Transfer credit card is a great choice for just about anyone.

The Good

There is no limit to the amount of cash back you can earn with the dollar-for-dollar match intro offer, so you could rake in a huge sum of rewards during your first year. Also, having no annual fee and extended periods of 0% intro APR on both purchases and balance transfers means it's easy to save on interest over time.

The Not So Good

This may not be the card for you if you want to earn a consistent rewards rate on all of your purchases or do not like to have to activate the different bonus cash back categories.


Editorial Note: This content is not provided by Discover. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Discover.

Expert Reviews of the Discover it® Balance Transfer

  • Regular APR

    4.5

  • Intro APR

    4.5

  • Fees

    4.5

  • Benefits

    4.0

  • Overall Rating

    4.5 /5


Consumer Reviews 41 Reviews

Offer Rating

3.8 out of 5.0

5 Star
 
 
(9)
4 Star
 
 
(18)
3 Star
 
 
(11)
2 Star
 
 
(2)
1 Star
 
 
(1)

Your Rating

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+38 users submitted a rating without a full review

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By: | Mar 9, 2016

Customer service is great, and this card gives me cash back. Absolutely no issues whatever, and the card looks pretty cool too.

By: | Mar 8, 2016

From outstanding, well-trained US-based customer service, reasonable policies, world-wide acceptance and convenient terms, Discover is my day to today go-to card. I have several other credit cards but none inspire the confidence, trust and integrity as I have come to expect from Discover. Now in my 3rd year of use, I highly recommend it.

By: | Mar 8, 2016

A good card for cash back and balance transfer, but not the best one in the market. Easy and simple to use


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