Discover it® Balance Transfer

Discover it® Balance Transfer

on Discover's secure website, or call (800) 347-0264

Discover it® Balance Transfer

Discover it® Balance Transfer

on Discover's secure website, or call (800) 347-0264

on Discover's secure website, or call (800) 347-0264

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 at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time 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.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • No annual fee.
  • View Rates and Fees

APR, Variable

APR: 13.74% - 24.74% Variable APR

Cash Advance APR: 26.74%, Variable

Pros

  • Bonus cash back categories
  • No annual fee
  • 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months
  • 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

Rewards rate

1.00%

Annual fee

$0

Intro APR

0% on Purchases for 6 months and 0% on Balance Transfers for 18 months

Recommended credit score

Not sure which card is best for you?

Take a simple quiz to find out

NerdWallet Review

Author: Ben Luthi

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 13.74% - 24.74% Variable APR, but you'll also earn cash back on your spending.

Plus, Discover offers a fantastic 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, an online bonus mall where you can earn even more rewards, 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.

NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.

Write a review

Read Our Posting Guidelines
user avatar
Overall Rating:
Select your rating
undefined reviews

Some of the reviews on the NerdWallet site were purchased through a third party provider. Users who post a review directly on the NerdWallet site will not be compensated in any way. Please see our Terms of Use and Posting Guidelines for more information.