Discover it® Balance Transfer
on Discover's website, or call (800) 347-0264
Discover it® Balance Transfer
Card details
INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
Redeem cash back any amount, any time. Rewards never expire.
100% U.S. based customer service.
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No annual fee.
Rates, fees & offers
Annual fee
$0
Rewards rate
1%-5%
Bonus offer
Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
Intro APR
0% on Purchases for 6 months and 0% on Balance Transfers for 18 months
Ongoing APR
APR: 11.99% - 22.99% Variable APR
Cash Advance APR: 24.99%, Variable
Balance transfer fee
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Foreign transaction fee
None
Recommended credit score
NerdWallet review
By Ben Luthi
Rating details
4.7
Editor's overall rating
Pros and cons
Pros
Bonus cash back categories
No annual fee
Intro APR period on Purchases and Balance Transfers
No foreign transaction fee
Cons
Slightly less merchant acceptance for Discover in US - acceptance outside of US can be an issue
If you value simplicity, a flat rate cash back card may be better
Some of the best balance-transfer credit cards on the market don't offer rewards. The Discover it® Balance Transfer is an exception. Not only does the card offer 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months, and then the ongoing APR of 11.99% - 22.99% Variable APR, but you'll also earn cash back on your spending.
Plus, Discover offers a sign-up bonus: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched. Add to that free access to your FICO score and a $0 annual fee.
Note that this card charges a 3% fee on each balance transfer. All things considered, however, the Discover it® Balance Transfer provides a package deal for people who want to save on interest while paying off their debt, and get rewards while they're at it. For more information, read our full review.
