Discover it® Balance Transfer
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- Discover
- Discover it® Balance Transfer
Discover it® Balance Transfer Review
This credit card offers the rare combination of a lengthy intro balance transfer APR with a cash back program.
Editor
Discover will automatically match all the cash back you’ve earned at the end of your first year
on Capital One's secure site
- Discover will automatically match all the cash back you’ve earned at the end of your first year
- 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.
- 0% intro on purchases for 6 months and 0% intro on balance transfers for 18 months, then 17.74% - 26.74% (Variable) APR. Balance transfer fee applies.
- $0
- Good, Excellent
Discover
Offer Rating
4.5/ 5
By Our Content Team
It's rare to find a credit card that excels so strongly in two categories, but the Discover it® Balance Transfer card does just that. This card comes with the attractive combination of a generous cash back program and a top-tier balance transfer offer, plus it has no annual fee. That makes it a great fit for almost any consumer.
Escape high interest rates and enjoy an APR of 0% intro on balance transfers for 18 months – that's among the longest you can find anywhere on the market. Cardholders will also enjoy an APR of 0% intro on purchases for 6 months. The ongoing APR is 17.74% - 26.74% (Variable). Balance transfer fee applies.
But it doesn't stop there. This card comes with Discover's popular rewards program offering 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.
And for new cardholders, the Discover it® Balance Transfer card has an incredible first-year offer: Discover will automatically match all the cash back you’ve earned at the end of your first year. You can redeem your cash back for any amount, at any time. With perks like these, it's easy to see why more and more people are choosing a Discover card as their go-to credit card.
Pros & Cons
Pros
- A lucrative trio of a lengthy intro APR on balance transfers, cash back, and no annual fee
- Discover will automatically match all the cash back you’ve earned at the end of your first year
- No foreign transaction fees
Cons
- The intro APR on purchases is relatively short compared to some other offers available
- A quarterly cap on the 5% cash back applies
Pros Explained
Cons Explained
Bonus for New Cardholders
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