thumb_up Know the Benefits

Discover it Balance Transfer provides a combination of strong balance transfer features and a robust cash-back rewards program.

• done 0% intro APR for 18 months on balance transfers.
• done 5% cash back on rotating categories (up to the quarterly maximum), 1% on all other purchases.
• done No annual fee, keeping your costs low.
• done Cash back match for the first year, effectively doubling your rewards.

thumb_down Understand the Drawbacks

While it’s a great balance transfer card, there are a few limitations to consider.

• close 3% balance transfer fee, which could add up with large balances.
• close Must activate rotating categories to earn 5% cash back.
• close Foreign transaction fees make it unsuitable for international use.

help How to Apply for the Discover it Balance Transfer Card

Applying for the Discover it Balance Transfer Card is simple and can be done online in just a few steps.

1. Go to the Discover website and navigate to the Balance Transfer card page.
2. Click “Apply Now” and fill out your personal information.
3. Review the terms and conditions of the card.
4. Submit your application for approval.
5. If approved, receive your card in the mail.
6. Start using your card for balance transfers and new purchases while earning rewards.

The Discover it Balance Transfer Credit Card is a valuable option for those looking to pay down existing debt while earning rewards on new purchases. With a lengthy 0% intro APR period for balance transfers and 5% cash back in rotating categories, it offers both savings and rewards. The lack of an annual fee makes it an even more attractive option. However, the 3% balance transfer fee and the requirement to activate cash-back categories may be drawbacks for some users. Nevertheless, it’s an excellent choice for individuals focused on reducing debt while still enjoying cash-back perks.