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How Often Does Discover Offer Balance Transfer

By David Krug 2 minute read

Even though the Discover it Balance Transfer card has a lengthy introductory APR deal, is it enough to justify carrying it around? With a lot of credit card debt, balance transfers can be a fantastic strategy to obtain some breathing room so that you can pay it off over time. An excellent balance transfer credit card will allow you to pay off the loan without accruing interest for durations as long as 12 to 24 months.

An APR of zero percent for 14 months is available on the Discover It Balance Transfer Card. After that, the rate ranges from 11.99% to 21.999% (variable). If you’ve been struggling to pay off your credit card debt, this is one of the greatest bargains out now. To help you decide if the Discover it Balance Transfer is good for you, here’s a deeper look.

Who should apply for the Discover it Balance Transfer Card?

Existing credit card debtors will benefit most from the Discover it Balances Transfer credit card. These cards are meant to help consumers pay off the debt by moving their debt to a new credit card, which may help them save money in the long run by cutting down on interest costs.

Because it has one of the longest intro APR rates (zero percent for 14 months, then 11.99 percent to 22.99 percent (variable)), the Discover it Balances Transfer might be a smart choice if you’re searching for a balance transfer card. If you already have credit card debt, you can transfer it to the new card and pay it off without incurring interest for at least a year.
Free unrestricted access to your credit score is included in the card’s $0 annual charge. That’s not all, though, with Discover i.

Discover it Balance Transfer Card benefits

  • Balance transfers are eligible for a 0% intro APR for 14 months (after 11.99% to 22.99 percent (variable)) for new cards who open a new account.
  • At the end of your first year of card ownership, Discover automatically matches all cash back you’ve earned.
  • The Discover it Balance Transfer card provides free access to your FICO credit score online, via the mobile app, and on monthly bills. This is a great way to monitor your credit.
  • Foreign transaction fees aren’t charged while using the card abroad, making it a fantastic option for those who travel abroad.
  • With a $0 yearly charge, you don’t have to worry about a reduction in the value of the Discover it Balance Transfer.

The Discover it Balance Transfer Card has certain drawbacks.

  • No perks. This Discover card is just a balance transfer card with no travel incentives.
    There is still a long way to go before Discover is accepted as widely as Visa, Mastercard, and American Express, especially outside of the United States.
  • Changing bonus categories. The bonus categories for this card vary every quarter. It could be wiser to choose a card that gives flat-rate cash back rather than one that requires you to activate bonus categories on a regular basis.