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  Discover it Balance Transfer

Discover it Balance Transfer

in Personal Credit Cards from Discover Bank

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Discover it Balance Transfer

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in Personal Credit Cards from Discover Bank

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Highlights
Highlights
Balance Transfer APR  (Variable APR) 13.49% - 24.49%
Credit Score Range 700 - 850
Annual Fee N/A
Purchase APR  (Variable APR) 13.49% - 24.49%
Rewards Rates
  • Amazon Purchases
  • Gas
  • Groceries
  • Restaurants
  • Target Purchases
  • Warehouse Clubs Purchases

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.

Key takeaways:

  • 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 18 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 13.49% up to 24.49%.
  • 5% Balance transfer fee. Discover it Balance Transfer charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 in transfer fees. The minimum fee is $10.
  • Good or better credit required. You should probably try with another card if your credit score is below 700.

Discover it Balance Transfer Pros and Cons:

The Good The Bad
  • Cashback Match. No purchase minimums. After the first 12 consecutive billing periods that your new account is open, you will match all of the cash back rewards you've earned and apply them to your account in the following one or two billing periods.
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 18 months.
  • 0% APR on new purchases during the first 6 months.
  • Free access to your credit score.
  • Requires good to excellent credit.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • You don't earn rewards on every purchase.
  • Does not report to credit bureaus.
  • Charges a 5% balance transfer fee.
  • Does not include many credit card rewards.

Is there a Discover it Balance Transfer cash back or rewards program?

No, Discover it Balance Transfer does not offer a rewards program.

What are the Discover it Balance Transfer benefits?

Discover it Balance Transfer provides the following benefits:

  • Free Credit Score
  • ID Theft Protection

What are the relevant APRs for Discover it Balance Transfer?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Discover it Balance Transfer has lower than average purchase APRs.

Discover it Balance Transfer has a variable purchase APR that ranges from 13.49% up to 24.49%. The card has a variable balance transfer APR that ranges from 13.49% up to 24.49%.

Does Discover it Balance Transfer have an introductory APR offer on balance transfers?

Yes, Discover it Balance Transfer offers an introductory APR rate on balance transfers of 0% for a period of up to 18 months.

Discover it Balance Transfer Balance Transfers
Description
Balance Transfer APR 13.49% - 24.49%
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period (months) 18
Balance Transfer Fee % 5%
Balance Transfer Fee Minimum $10

Does Discover it Balance Transfer have an introductory APR offer on new purchases?

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 6 months.

Discover it Balance Transfer Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period (months) 6

What are the fees for Discover it Balance Transfer?

The following fees apply to Discover it Balance Transfer:

Discover it Balance Transfer Fees
Fees Amount
Annual Fee
Returned Payment Fee $37
Late Payment Fee $37

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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Target Purchases 1% - 5%
Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 6 months
No Annual Fee  
No Foreign Transaction Fee  
Returned Payment Fee $37
Late Fee Amount $37
Customer Type Personal
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Credit Score Range 700 - 850
Fraud Liability  
Credit Card Benefits
  • Free Credit Score
  • Identity Theft Protection
Free FICO Score  
Bonus Rewards 2x
No Reward Expiration Period  
Rewards Rates
  • Amazon Purchases
  • Gas
  • Groceries
  • Restaurants
  • Target Purchases
  • Warehouse Clubs Purchases
Rewards Type Cash Back
Purchase APR (Variable APR) 13.49% - 24.49%
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 18 months
Balance Transfer APR (Variable APR) 13.49% - 24.49%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 5%

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