Discover it Balance Transfer card is an outstanding solution for those seeking to reduce credit card debt. Boasting an extended 0% introductory APR offer and generous rewards program which matches all cash back earned during its inaugural year, it stands out among competing cards.
But if you need extra time to pay down debt or don’t like tracking quarterly bonus categories, this card might not be right for you.
No annual fee
Discover it Balance Transfer card is a good credit card option for international travel because there is no annual or foreign transaction fee associated with using it, making it suitable for international trips. However, as Discover may not be widely accepted in certain countries and hotels or airlines may decline it for payment of expenses, so before booking any trip be sure to confirm its acceptability with them as soon as possible.
Discover it Balance Transfer card offers several key perks, including an extended 0% intro APR period for balance transfers and lucrative rewards programs that pay high rates up to $1,500 spent annually in certain categories. In addition, its 1% cash back rate for purchases may not provide as many financial advantages than competing cards offering generouser rates and longer 0% introductory periods on new purchases.
If you are considering using a balance transfer card, be sure that you can afford to repay it within the 0% period or else incur costly interest charges which could reduce how much of your debt you’ve paid off. Also note that using such cards to pay off car loans or medical bills shouldn’t be used; rather create a payment plan in order to deal with such bills more effectively.
Discover cards offering long 0% intro APR periods can be useful tools in helping consolidate debt or pay off large balances, but these cards might not be appropriate for everyone; if your credit score falls below 700 it might be wiser to work on improving it first before considering other credit card solutions.
Discover it Balance Transfer card offers an introductory APR of 0% on balance transfers lasting 15 months from the date of your first transfer, but your regular purchase APR will take effect six months post-opening an account. While its APR may seem low compared to competitors’ offers with up to 21 month 0% intro APR terms.
No foreign transaction fee
Credit card balance transfer cards can be an ideal solution for those trying to reduce debt and save on interest charges, yet still wish to access credit. Before choosing one, it’s essential to do your research as various offers differ between cards – some offer longer 0% APR periods with fewer fees attached, while others may feature higher rates and fewer perks.
Discover it Balance Transfer Card is an ideal solution for those searching for a credit card with an attractive introductory APR and generous rewards. Offering an initial 0% APR period of 18 months on transfers to pay off most debt, plus offering cash back match at year end, it makes for an attractive choice to keep in your wallet long-term despite not offering as flexible rewards structures like other balance transfer cards.
This credit card stands out by not charging an annual or foreign transaction fee, making it ideal for travelers and online buyers. Furthermore, its US-based customer service team and $0 fraud liability guarantee make this card truly standout from its competition.
Discover It Balance Transfer card is an effective solution for consolidating high-interest debt, but may not be best suited to large purchases such as buying a car. Their 0% APR transfer offer only lasts six months, well below average for such cards.
Notably, this card does not waive fees associated with late payments for its first late payment, while this shouldn’t pose a significant problem to most people, it is important to consider all associated costs against any benefits of having such a low-interest balance transfer card.
Another drawback of this credit card is its 3% initial balance transfer fee and up to 5% fee on future balance transfers (please refer to terms). This makes the card more expensive than others with shorter 0% APR introductory periods and no fees associated with balance transfers. Utilizing tools like WalletHub’s Balance Transfer Calculator may help you compare options and find the appropriate card.
No penalty APR
Discover it Balance Transfer card offers an excellent solution for those who are seeking to reduce credit card debt while reaping rewards. Offering long 0% interest periods on balance transfers and new purchases with generous cash back programs; no annual fee or penalty APR are charged, making this an appealing option for people with poor credit who want to build credit faster.
This card’s 0% APR period lasts for 18 months, which is longer than many balance transfer cards and ideal for people who need to quickly pay off high-interest debt. Furthermore, it comes equipped with an $0 fraud liability guarantee which makes it suitable for people with poor credit histories.
However, this card has some disadvantages that might make it less appealing. One such drawback is its absence of an introductory sign-up bonus which may be important to some customers. Another is its 3% balance transfer fee which may present difficulties for people transferring larger balances.
Discover it Balance Transfer card is unique among 0% APR cards by offering rewards that go beyond the initial APR period. Cardholders may earn up to $1,500 in cash back quarterly rotating categories upon activation and an additional 1% cash back on other purchases – making this card competitive among rewards cards and perhaps encouraging cardholders to continue using their account after they have paid off their transferred balance.
Discover it Balance Transfer card provides an attractive 0% APR offer on both balance transfers and new purchases; however, its rewards may not be enough to compensate for its 3% transfer fee or other charges. Other balance transfer cards have even longer 0% interest periods and even come with an introductory sign-up bonus offer.
Discover it Balance Transfer card is an appropriate solution for consumers with some high-interest debt to manage, but may not be optimal if they need to transfer a larger sum. If this applies to you, other balance transfer cards offering longer 0% APR promotions could be better options.
No fraud liability
Discover it Balance Transfer card is an excellent solution for those seeking to reduce debt without incurring high interest charges. Offering attractive balance transfer offers and competitive rewards programs, the card provides significant upfront and ongoing value – no annual fee and long 0% intro APR periods on balance transfers are among its many attractive features.
While other balance transfer cards offer short introductory APR periods on new purchases, Discover it Balance Transfer card provides an extended six months of 0% interest on transfers made within one year of opening an account – giving ample time to clear off large debt loads before starting paying interest charges on any outstanding balances.
Discover is one of the few credit cards offering 0% fraud liability, meaning unauthorized transactions won’t cost any money; this feature is especially helpful for identity theft or fraud victims. Furthermore, Discover stands out with its US-based customer service team and robust security features; making this card suitable for individuals looking to minimize risk when making their credit purchases.
Discover offers several additional beneficial card perks, such as free FICO scores and no-penalty late payment policy. However, to qualify you’ll need at least 670 credit score. If your score falls below this threshold you may need to improve it before applying or find another card with longer 0% balance transfer offers.
Discover it Balance Transfer card is a smart option for anyone seeking to pay off high-interest debt while reaping rewards. This card applies the popular Discover it cash back program into balance transfers with high rewards rates in rotating categories and an attractive introductory APR and low variable APR; however if you require longer introductory periods for balance transfers or don’t enjoy activating quarterly bonus categories it might be worthwhile exploring alternative solutions.