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How to Do a Balance Transfer With Discover

How to Do a Balance Transfer With Discover

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Apr 03, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

Balance transfers are a great way for you to finally rid yourself of lingering debt. By simply transferring debt from a card with a high APR to a new card (from a different issuer) with an intro 0% APR, you can immediately save money on interest fees.

Completing a balance transfer with Discover can easily be done online or over the phone, and in this guide, we’ll walk you through the steps to complete your balance transfer. We also provide best practices for completing your transfer and information on the Discover balance transfer cards available.

Complete your transfer online

1. Log on to your account. Select ‘Manage,’ then click on ‘Balance Transfer.’


*The Rates and Fees listed above are accurate as of April 3, 2018 and may have since changed.

2. Choose the balance transfer offer you want by clicking ‘Select This Offer.’


*The Rates and Fees listed above are accurate as of April 3, 2018 and may have since changed.

3. Select ‘Pay off a credit card or loan.’


*The Rates and Fees listed above are accurate as of April 3, 2018 and may have since changed.

4. Enter your account number and transfer amount. Then, ‘Continue to Terms’ and review them prior to submitting the transfer.

                                                          *The Rates and Fees listed above are accurate as of April 3, 2018 and may have since changed.

Complete your transfer by phone

If you rather complete a transfer over the phone, just call the number on the back of your card, and a representative will submit the request for you. Have the following information ready:

  • Name on the account with the debt
  • Amount to be transferred

Balance transfer cards from Discover

The Discover it® Balance Transfer is Discover’s signature balance transfer card, offering a long intro 0% for 18 months on balance transfers with an ongoing 14.24% - 25.24% Variable APR. This provides you with plenty of time to pay off transferred balances and you can benefit from a cashback program. It’s hard to find balance transfer cards with rewards, so this is a nice added perk. You can earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate, 1% unlimited cash back on all other purchases - automatically.

The Discover it® Cash Back is nearly identical to the Discover it® Balance Transfer, but has a shorter intro period at intro 0% for 14 months on balance transfers (after, 14.24% - 25.24% Variable APR). However, this is in line with the other Discover cards mentioned below. There is also a cashback program — 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate, 1% unlimited cash back on all other purchases - automatically.

The Discover it® chrome offers an intro 0% for 14 months on balance transfers with an ongoing 14.24% - 25.24% Variable APR. This card is geared towards gas and dining spenders with 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically

The NHL® Discover it® has an intro 0% for 14 months on balance transfers with 14.24% - 25.24% Variable APR after. This is one of the shorter intro periods available, but can be enough time to pay off debt. There is a rewards program earning you 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate, 1% unlimited cash back on all other purchases - automatically. In addition, you save 10% on your NHL.TV™subscription and at Shop.NHL.com (with code ITPAYS).

*All cards from Discover have a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*


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