
Best Of Product
Discover it Balance Transfer
Would you recommend Discover it Balance Transfer to your friends?
Community Rating |
Rating not yet determined |
Purchase APR (Variable APR) |
11.99% - 22.99% (Verified 08/04/2023) |
Balance Transfer APR (Variable APR) |
11.99% - 22.99% (Verified 08/04/2023) |
Credit Score Range | 650 - 850 |
Annual Fee | $0 |
Discover it Balance Transfer Review
This is a card issued by Discover Bank. If you're wondering whether Discover it Balance Transfer is the right card for you, read on.
Key Takeaways
- Generous reward rate. You can get a maximum cashback rewards rate of up to 5x.
- 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 14 months, which is longer than the average 0% APR period of 12 months.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
- Competitive APRs. Discover it Balance Transfer has a variable purchase APR that ranges from 11.99% up to 22.99%.
- No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
- 5% Balance transfer fee. Discover it Balance Transfer charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees.
- Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of Discover it Balance Transfer
The Good | The Bad |
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Discover it Balance Transfer FAQ
Does Discover it Balance Transfer have a cash back or rewards program?
No, it does not offer a rewards program.
What are the Discover it Balance Transfer benefits?
It provides the following benefits:
- Free Credit Score
- Zero fraud liability
- Reports to major credit bureaus
What are the relevant APRs for Discover it Balance Transfer?
According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.Discover it Balance Transfer has a variable purchase APR that ranges from 11.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 11.99% up to 22.99%. It also has a variable cash advance APR of 24.99% .
The good news is this card does not charge a penalty APR if you are late on a payment.
Does Discover it Balance Transfer have an intro APR offer on balance transfers?
Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 14 months.
Description | |
---|---|
Balance Transfer Fee % After Intro Period | 5% |
Balance Transfer Introductory APR | 0% |
Balance Transfer Intro APR Period | 14 months |
Balance Transfer APR | 11.99% - 22.99% |
Balance Transfer Fee % | 5% |
Does Discover it Balance Transfer have an intro APR offer on new purchases?
Description | |
---|---|
Introductory Rate | 0% |
Purchase Intro APR Period | 6 months |
This card does offer an intro APR rate of 0% on qualified purchases for a period of up to 6 months.
What are the fees for Discover it Balance Transfer?
The following fees apply:
Fees | Amount |
---|---|
Annual Fee | $0 |
Overlimit Fee | $ |
Initial Program Fee | $ |
Foreign Transaction Fee | % |
Returned Payment Fee | Starting at $ up to $40 |
Late Payment Fee | Starting at up to $40 |
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.
What is the customer service phone number for Discover it Balance Transfer?
The Discover it Balance Transfer customer service number is (800) 347-2683.
What is the support contact email for Discover it Balance Transfer?
The support contact email for Discover it Balance Transfer is service@email.discover.com.
What is the Discover it Balance Transfer login page?
You can access the Discover it Balance Transfer login page here.
How do people rate the customer service and user experience of Discover it Balance Transfer?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does Discover it Balance Transfer report your account activity to credit bureaus?
Yes, Discover it Balance Transfer reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
How to apply for Discover it Balance Transfer
- Visit the Discover it Balance Transfer website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
Contact
- Headquarters
-
2500 Lake Cook Rd
Riverwoods, IL 60015 USA - (800) 347-2683
- Visit Site
- Email Support
Other Services by Discover Bank
Other Credit Cards by Discover Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Introductory Rate | 0% |
Purchase Intro APR Period (Variable APR) | 6 months |
Discover it Balance Transfer Community Reviews
Would you recommend Discover it Balance Transfer to your friends?
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