The Discover It Balance Transfer card is a standout choice for those wanting to streamline their finances. With a generous 0% introductory APR for the first 15 months on balance transfers (followed by a variable 18.24%–28.24%), it ranks among the most competitive offers on the market. What makes it even more attractive is its strong cashback program paired with a first-year bonus match, setting it apart from many other cards.
Few credit products deliver both a lucrative welcome offer and ongoing rewards — but the Discover It Balance Transfer succeeds in combining both. It’s recognized as one of the most rewarding options in its category.
Benefits of the Discover It Balance Transfer
- Straightforward Cashback Earning: Get up to 5% back in rotating categories each quarter, covering popular areas like Amazon.com, grocery stores, restaurants, gas, and PayPal. On every other purchase, you’ll still earn 1% cash back, so every spend contributes to your balance.
- Flexible Redemption Choices: Cash out rewards as statement credits, direct bank deposits, or gift cards, giving you multiple ways to use what you earn.
- Year-One Cashback Match: At the close of your first year, Discover automatically doubles all the cashback you’ve earned. This unique feature effectively maximizes your earnings.
- No Annual Fee Ever: Take advantage of all perks and features without the burden of an annual cost, making it a budget-friendly option for building rewards.
- 0% Intro APR Period: Benefit from 0% APR for 15 months on purchases and balance transfers, giving you time to pay down debt or cover large expenses interest-free. Afterward, a variable APR of 18.24%–27.24% applies.
- Rotating Bonus Categories: Earn 5% on up to $1,500 each quarter in designated categories like dining, groceries, or fuel. Activate quarterly and maximize value where you spend the most.
- Free FICO® Score Access: Monitor your credit score regularly at no cost, keeping you informed of your financial health and progress.
Application Requirements
To apply for the Discover It Balance Transfer card, you’ll need to meet the following criteria:
- Credit Standing: A good to excellent credit score is typically expected for approval.
- Income Verification: Accurate income details must be provided to help determine your credit limit.
- Personal Information: Complete the form with your legal name, address, and contact details.
- Minimum Age: Applicants must be 18 years or older.
- Residency: Must be a U.S. citizen or resident alien with a valid Social Security Number.
- Balance Transfer Rules: Ensure your accounts meet eligibility for transferring balances, as not all cards qualify.
How to Apply
- Visit the official Discover site.
- Complete the secure online application form.
- Confirm you meet the eligibility guidelines.
- Provide documents if requested for income or ID verification.
- Review the card’s terms and conditions.
- Submit your application for processing.
- If approved, your new card will arrive by mail and be ready to activate.
Frequently Asked Questions
What’s the main advantage of the Discover It Balance Transfer card?
It offers a long 0% introductory APR for balance transfers, helping you consolidate higher-interest debt and save on finance charges.
How do the cashback rewards work?
You’ll earn 5% back in quarterly rotating categories (with activation) and 1% back on all other purchases throughout the year.
Does a late payment affect the intro APR?
Yes. Missing payments may trigger a penalty APR, so paying on time is essential to keep your 0% benefit active.
Can I transfer multiple balances?
Yes. Eligible balances from more than one card can usually be transferred, though transfer fees may apply.
