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3.8/5.0 from 827 Offer Ratings
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Foreign Transaction Fee None
Balance Transfer Fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Penalty APR None
Rewards Rate 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.
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 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 strong earnings categories change on a regular basis through the cash back program calendar associated with the Discover ® More ® credit card program – but they typically include such popular ones as products and services related to travel, dining, groceries, and gas. As an exclusive offer, you can earn double cash back at the end of your first year of cardmembership.
The cash back you earn won't expire as long as your account is open and in good standing, and it's very easy to redeem the cash back you've earned as a statement credit towards your account. You can also redeem the accumulated rewards by making a charitable contribution of your liking, or by converting them into purchasing power for merchandise or gift cards.
The Discover it® Balance Transfer credit card additionally offers new card members an introductory APR of 0% for 18 months on balance transfers and an intro APR on purchases of 0% for 6 months from the date of account opening. There is also no annual fee and no foreign transaction fee, rounding out the host of benefits and cash back opportunities available from this unique rewards 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 0% for 18 months on balance transfers makes this a great choice for people trying to save money on balance transfers.
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.
827 Total Ratings