Discover it Balance Transfer Review

Discover it Balance Transfer is a credit card issued by Discover Bank. If you're wondering whether Discover it Balance Transfer is the right card for you, read on. This is everything you need to know to make a good choice.

• Generous reward rate. You will get a cashback rewards rate of up to 5%.
• 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.
• 3% Balance transfer fee. Discover it Balance Transfer charges a fee of up to 3% on balance transfers. After the introductory period, the fee is 5%. For example, a balance of $1,000 could cost up to $30 in transfer fees.
• Good or better credit required. You should probably try with another card if your credit score is below 700.