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NerdWallet > Rewards Credit Cards > Discover® More® Card - 18 Month Balance Transfer
Review / Compare / Reward Calculations / Interest Calculations / Rankings / Comments
Discover® More® Card - 18 Month Balance Transfer
Discover More+18+Month+Balance+Transfer Credit Card

(4.5/5 - 216 Votes)
Net Annual Rewards
$194
of Cash
Reward Rate
0.25% for first $3,000 /yr then 1.00%
Annual Fee
$0
Signing Promo
None
"...this credit card was good at first with the 0 interest but I missed a few payments this year due to a medical emergency and they bumped up my APR for new spending to 25.99% from 17%. ..." (see all comments)
APR, variable*
Min APR:
10.99%
Max APR:
20.99%
Default:
25.99%
Cash Adv:
23.99%
Intro APR Promotions
Purchase:
0% for 6 mos
Transfer:
0% for 18 mos
Summary
  • 0% intro APR on purchases for 6 months, then the variable standard purchase APR of 10.99% - 20.99%*
  • 0% intro APR on balance transfers for 18 months, then the variable standard purchase APR of 10.99% - 20.99%*
  • 5% Cashback Bonus® in categories that change like gas, groceries, restaurants, department stores and more. Limitations apply*
  • Discover is ranked #1 in customer loyalty--16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
  • # 24/7 access to a U.S. based Account Manager within 60 seconds
  • $0 Fraud Liability plus automatic mobile and email fraud alerts
  • Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
  • *Click apply to view rates, fees, rewards, limitations and other important information

Compare To Our Most Popular Cards For The Category

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Compare To Blue Cash Preferred℠ Card from American Express

Why do we think you should consider this card?

Earn $150 cash back after spending $1,000 in eligible purchases in the first 3 months of Cardmembership

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Reward Details & Calculator

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Rewards Type: Cash

Signing Promotion
$0
Estimated Annual Rewards
$21,600 * 0.90%
$194
Annual Fee, 2 yr avg
$0
Annual Rewards (Rewards less Fees)
$194

Details

  • 0.25% on purchases

Calculate Interest & Finance Charges

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Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.

Finance Charge, Balance Transfer of $10,000*

Balance Transfer Fee, 3.0%
$300
Promo APR, First 18 months
$0
APR, 6 months
$579
Total
$879

*Average APR for Balance Transfers of 4.2% includes transfer fees and APR promotions.

Effective Annual Rate, Purchases

Promo EAR, 6 months
0.00%
Ongoing EAR, 18 months
11.56%
Total EAR, 24 months
8.55%

APR Rankings

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APR
10.99%
ranks #884 out of 1751 cards.
Average is 11.78%.
Balance Transfer Fee
3%
ranks #905 out of 1639 cards.
Average is 1.67%.
Cash Advance APR
23.99%
ranks #587 out of 1002 cards.
Average is 18.74%.

Rewards Rankings

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Annual Fee
$0
ranks #1 out of 1773 cards.
Average is $9.
Base Reward Rate
0.25%
ranks #945 out of 963 cards.
Average is 0.99%.
Effective Reward Rate
0.9%
ranks #894 out of 958 cards.
Average is 1.04%.
Sign-up Bonus
$0
ranks #1762 out of 1762 cards.
Average is $33.
Credit Card Review: Discover® More® Card - 18 Month Balance Transfer


Author:
NERDBOT

Should you get the Discover® More® Card - 18 Month Balance Transfer? We'll give you the ins and outs of this card and give you a head-to-head comparison with the Blue Cash Preferred℠ Card from American Express. Also, be sure to check out our interactive credit card comparison tool.

NerdWallet Review: The Discover® More® Card - 18 Month Balance Transfer

Promotional APR period: The Discover® More® Card - 18 Month Balance Transfer offers an intro APR period. This gives you the chance to make a big purchase and pay it off interest-free for a while.

Waived foreign transaction fee: The card has no foreign transaction fee (also known as the currency conversion fee). This fee is usually 3% of all your overseas purchases, and can be quite a burden. For example, if you spend just $2,000 abroad, that's $60 to your credit card company. If you're the type to travel abroad often, you should probably consider a waived foreign transaction fee to be standard, instead of a nice-to-have.

No annual fee: The Discover® More® Card - 18 Month Balance Transfer has no annual fee. No-fee cards are ideal for those looking to keep the account open for a long time. If you keep your credit cards open, you'll boost your average account age and thus your credit score.

Credit Card Showdown: Discover® More® Card - 18 Month Balance Transfer vs. Blue Cash Preferred℠ Card from American Express

Same late payment fee: The Discover® More® Card - 18 Month Balance Transfer has a late fee that's the same as the one on the Blue Cash Preferred℠ Card from American Express. Ideally, you shouldn't have late payment fees anyway. Besides having to pay a one-time charge, you might get stuck with a big penalty APR that lasts six months or more.

Smaller signup bonus: The card's signup bonus is smaller than the Blue Cash Preferred℠ Card from American Express's, which of course means you're sacrificing some money right off the bat. Obviously this isn't the only consideration you should take into account, but hey, we thought you should know.

Lower base rewards rate: The card has a lower base rewards rate than the Blue Cash Preferred℠ Card from American Express. A decent base rewards rate is important if you're planning on using the card as your go-to. Base rewards aren't everything, though, since many cards with bonus categories don't give great rates on other purchases.

Read the full review of the Blue Cash Preferred℠ Card from American Express on our blog

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