Discover It Balance

The Discover it Balance Transfer helps pay down debt while earning cashback on new purchases.

Credit Card

Discover It Balance

5% cash back No annual

Pay off balances

How to Apply You will remain on the current site

With a generous introductory APR on balance transfers and no annual fee, this card provides the flexibility and savings you need to take control of your finances.

Whether you’re transferring a high-interest balance or simply looking for a card that rewards your everyday spending, the Discover it® Balance Transfer offers a unique combination of debt management and cashback rewards.

Let’s explore why this card is an excellent option for those looking to streamline their financial situation.

Balance Transfers with Rewards

The Discover it® Balance Transfer stands out for its generous balance transfer terms. New cardholders can enjoy a 0% introductory APR on balance transfers for the first 18 months, followed by a variable APR based on creditworthiness.

This feature is ideal for consolidating high-interest credit card debt and saving on interest payments. In addition to its balance transfer benefits, the card offers a robust cashback rewards program.

Cardholders earn 5% cashback on rotating categories (up to $1,500 in purchases each quarter, after activation) and 1% cashback on all other purchases.

These rewards are automatically doubled at the end of your first year through Discover’s Cashback Match program, making it an even more attractive option.

With no annual fee and no foreign transaction fees, the Discover it® Balance Transfer provides value both at home and abroad.

Pros and Cons

Pros

• 0% introductory APR on balance transfers for 18 months.
• 5% cashback on rotating categories.
• Cashback Match doubles all rewards earned in the first year.
• No annual fee or foreign transaction fees.

Cons

• Balance transfer fee applies.
• Rotating categories require activation.
• High APR after the introductory period.

How Do I Know If the Discover it® Balance Transfer Is the Best Credit Card for Me?

The Discover it® Balance Transfer is a great choice if you’re carrying high-interest credit card debt and want to save money through a balance transfer.

Its 0% introductory APR for 18 months provides a substantial window to pay down your debt without accruing additional interest.

For individuals who also want to earn rewards on new purchases, the card’s cashback program adds extra value, especially with the first-year Cashback Match doubling all rewards.

However, if you don’t plan to take advantage of the balance transfer feature or prefer a card with fixed rewards categories, other options may be better suited to your needs.

Why Do We Like This Card?

We like the Discover it® Balance Transfer because it combines effective debt management with the opportunity to earn cashback rewards.

The 0% introductory APR on balance transfers for 18 months offers a significant financial break for those consolidating debt, while the cashback program ensures you’re still earning value on everyday spending.

The no-annual-fee policy and the first-year Cashback Match make this card even more appealing, providing meaningful savings without additional costs.

For anyone looking to manage their debt responsibly while still earning rewards, this card is an excellent choice.