Discover it® Balance Transfer
on Discover's website
Discover it® Balance Transfer
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
Annual Fee$0 | Annual Fee$95 | Annual Fee$0 |
Regular APR15.99% - 22.99% Variable APR | Regular APR15.49% - 25.49% Variable APR | |
Intro APR0% intro APR on Purchases for 6 months and 0% intro APR on Balance Transfers for 18 months | Intro APRN/A | Intro APR0% intro APR on Purchases for 15 months |
Recommended Credit Score |
Recommended Credit Score |
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% 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.
