Rated 4.5/5 stars by our editorial team
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3.8/5.0 from 82 Offer Ratings
Over the Past 60 Days!
Foreign Transaction Fee None
Balance Transfer Fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Cash Advance Fee Either $10 or 5% of the amount of each cash advance, whichever is greater.
Penalty APR See terms
Rewards Rate 5% cash back at different places each quarter up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically
Annual Fee $0
$0 Fraud Liability Yes
Auto Rental Insurance No
Extended Warranty Program No
Roadside Assistance No
Purchase Protection No
Travel Assistance No
Flight Accident Insurance No
Lost Luggage Reimbursement No
Concierge Service No
With the Discover it® Balance Transfer credit card you can earn a solid 5% cash back at different places each quarter up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically. Even better, the cash back you earn won't expire - you can redeem cash back in any amount at any any time. And this rewards program only gets better with this card's amazing first-year bonus: 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.
But the Discover it® Balance Transfer credit card really separates itself from the rewards pack by making it incredibly easy to potentially save hundreds on interest fees on purchases or balance transfers. This card offers new card members an introductory APR of 0% Intro APR for 18 months on balance transfers, followed by 11.99% - 22.99% Variable APR after that - this is about as good as it gets for $0 cards on the market today. And while the 0% intro APR period for purchases isn't nearly as generous (an intro APR on purchases of 0% Intro APR for 6 months from the date of account opening, then after that), this benefit could still result in big savings for cardholders who might end up carrying a credit card balance month-to-month.
Bottom line? There's a lot to love about the Discover it® Balance Transfer credit card.
By offering an excellent cash back program, a great balance transfer offer, and no annual fee, the Discover it® Balance Transfer credit card is a great choice for just about anyone.
There is no limit to the amount of cash back you can earn with the dollar-for-dollar match intro offer, so you could rake in a huge sum of rewards during your first year. Also, having no annual fee and extended periods of 0% intro APR on both purchases and balance transfers means it's easy to save on interest over time.
This may not be the card for you if you want to earn a consistent rewards rate on all of your purchases or do not like to have to activate the different bonus cash back categories.
Editorial Note: This content is not provided by Discover. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Discover.
82 Total Ratings