Expert Review

Editor's Overall Rating

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.

4.5

         

Features

Our pick for best first year bonus on a balance transfer card

From the LendingTree editorial team, updated on Apr 01, 2024

With the Discover it^® Balance Transfer credit card you can earn a solid Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% 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 for all new cardmembers – 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 17.24% - 28.24% Variable APR after that - this is about as good as it gets for $0 cards on the market today. It's worth noting that your account may not always be eligible for balance transfers. Balance transfer eligibility is determined at Discover’s discretion.

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 17.24% - 28.24% Variable APR 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.

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.