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This article was last updated Apr 03, 2018. Terms and conditions may have changed. For the most accurate information, please consult 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:
0% for 18 months on balance transfers & 0% for 6 months on purchases*
Rewards Rate
Earn 5% cash back at different places each quarter up to the quarterly maximum, when you activate*
Ongoing APR
13.74% - 24.74% Variable*
Highlights
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 and more 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.
Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
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 13.74% - 24.74% 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.
Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically*
EARN
Earn 5% cash back at different places each quarter up to the quarterly maximum, when you activate*
Redeem
Any amount, any time. Cash back rewards never expire*
Highlights
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 and more 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.
Use your rewards at Amazon.com checkout.
Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
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, 13.74% - 24.74% 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.
0% for 14 Months on purchases and balance transfers*
Rewards Rate
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
Ongoing APR
13.74% - 24.74% Variable*
Highlights
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 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases - automatically.
Redeem your cash back for any amount, any time. Cash 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.
Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
The Discover it® chrome offers an intro 0% for 14 months on balance transfers with an ongoing 13.74% - 24.74% 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
0% for 14 months on purchases and balance transfers*
Rewards Rate
Earn 5% cash back at different places each quarter up to the quarterly maximum, when you activate*
Ongoing APR
13.74% - 24.74% Variable*
Highlights
Choose your favorite team & show your pride - all 31 teams available. Save 10% at Shop.NHL.com and NHL.TV™.
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 and more up to the quarterly maximum, each time you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
The NHL® Discover it® has an intro 0% for 14 months on balance transfers with 13.74% - 24.74% 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)*
By: Alexandria White Updated on: Apr 03, 2018 Alexandria is our go-to credit card writer, covering everything from credit card reviews, "Best Of" round-ups, and industry news to helpful explainers with tips and strategies for credit novices. She graduated from Adelphi University.
If you took the initiative to make a dent in your high-interest card debt and applied for a 0% balance transfer credit card, only to discover that the credit limit on the card isn’t big enough to transfer all your debt, what do you do? Unfortunately, there’s no guarantee you will be approved for a […]
To understand the relationship between balance transfers and your credit score, you first need to know what a balance transfer is. If you currently have debt on a card with a high APR, you’re probably racking up high-interest expenses. When you do make payments on your balance, they often are going toward interest and not […]
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