Discover it® Balance Transfer

Discover it® Balance Transfer

on Discover's website

Discover it® Balance Transfer

Discover it® Balance Transfer

Discover it® Balance Transfer

on Discover's website

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Card details

  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.

  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, 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.

  • #1 Most Trusted Credit Card according to Investor’s Business Daily.

  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.

  • No annual fee.

  • Discover is accepted nationwide by 99% of the places that take credit cards.

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    1%-5%

  • Bonus offer

    INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.

  • Intro APR

    0% intro APR on Purchases for 6 months and 0% intro APR 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

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual Fee

$0

Annual Fee

$95

Annual Fee

$0

Regular APR

11.99% - 22.99% Variable APR

Rates & Fees

Regular APR

15.99% - 22.99% Variable APR

Regular APR

12.99% - 22.99% Variable APR

Intro APR

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

Intro APR

N/A

Intro APR

0% intro APR for 18 billing cycles on purchases and on any balance transfers made within 60 days of account opening

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Just tell us some details and see which card matches your needs most.

Just tell us some details and see which card matches your needs most.

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% intro APR on Purchases for 6 months and 0% intro APR 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: INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300. 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.