Discover it Balance Transfer: Your Path to Financial Freedom

The Discover it Balance Transfer is a standout product offered by Discover Financial Services, designed for those looking to take control of their finances by consolidating high-interest debt. This credit card perfectly blends a balance transfer feature with a rewarding cashback program, making it a popular choice among consumers seeking both savings and enhanced rewards.

Card Type

The Discover it Balance Transfer is classified as a cashback credit card, appealing to a broad audience who values earning rewards on everyday spending. It offers flexible redemption options, providing cardholders with an attractive way to earn while paying off existing debts.

Annual Fee

One of the cards most appealing features is that it comes with no annual fee, allowing users to maximize their rewards without incurring additional costs.

Rewards Program

Cardholders can earn 5% cashback on rotating categories each quarter, such as gas stations, grocery stores, and restaurants (up to a quarterly maximum). Additionally, users receive 1% cashback on all other purchases. Cashback rewards can be redeemed in various ways, including statement credits, cash, gift cards, and even through an online shopping portal.

Sign-Up Bonus

New cardholders can take advantage of a generous welcome bonus: Discover matches all the cashback earned in the first year for new cardholders (after the first $1,000 spent). This exceptional offer encourages users to maximize their spending to reap even greater benefits.

APR (Annual Percentage Rate)

The regular APR for the Discover it Balance Transfer ranges from 12.99% to 23.99% variable, depending on the creditworthiness of the applicant. Importantly, the card features an introductory 0% APR on balance transfers for the first 18 months, allowing you to effectively reduce interest payments and pay down debt more swiftly.

Foreign Transaction Fees

Travel enthusiasts will appreciate that this card has no foreign transaction fees, making it an excellent choice for international travel.

Balance Transfer Options

The balance transfer offer currently provides a low-cost entry for those looking to consolidate existing debt. New cardholders can enjoy 0% APR on balance transfers for the first 18 months. However, a 3% balance transfer fee applies, making it essential to calculate the savings against costs appropriately.

Additional Fees

Other noteworthy fees include a late payment fee of up to $40 and a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. Therefore, responsible management of payments is crucial to avoid these charges.

Card Benefits and Perks

The Discover it Balance Transfer isnt just about rewards; it also provides several valuable benefits and perks. Cardholders receive free access to their FICO® credit score, identity theft protection features, and cashback match at the end of the first year. Moreover, cardholders can take advantage of various purchase protection services.

Customer Protections and Insurance

Discover prioritizes customer security with features like $0 fraud liability for unauthorized purchases, making it easier to have peace of mind while spending. The card also offers purchase protection and extended warranty on qualifying purchases.

Eligibility and Credit Score Requirements

To qualify for the Discover it Balance Transfer, applicants typically need a good to excellent credit score, often defined as being within the range of 700 to 850. Its advisable to assess your creditworthiness and financial situation before applying.

Introductory Offers

As mentioned, the card includes an enticing introductory 0% APR offer on balance transfers for the first 18 months, providing a substantial period for potential savings. After this introductory period, the standard APR will apply.

Special Features or Unique Selling Points

What sets the Discover it Balance Transfer apart is its innovative cashback match within the first year, which is not common among balance transfer cards. Additionally, the absence of an annual fee increases its appeal as a long-term financial solution.

How to Apply

Applying for the Discover it Balance Transfer is seamless. Prospective cardholders can complete the application process online through the ‘>Apply Here or for more financial insights, check out UpCube.net today!