Discover It Balance Transfer Credit Card

By Raquel Oliveira • 03/07/2025

Discover It Balance Transfer Credit Card offers 0% intro APR and no annual fee.

The Discover It Balance Transfer Credit Card is an ideal choice for individuals looking to transfer high-interest credit card balances and save on interest. 

With an introductory 0% APR for the first 18 months on balance transfers, this card offers a great opportunity to pay down your debt without accumulating additional interest. 

Whether you’re consolidating multiple balances or trying to simplify your finances, the Discover It Balance Transfer card provides the flexibility and tools you need to succeed.

Additionally, the Discover It Balance Transfer Credit Card also offers 5% cash back on rotating categories that change each quarter, such as grocery stores, online shopping, and more, up to the quarterly maximum (after activation). 

Unique Feature of the Discover It Balance Transfer Credit Card

The Discover It Balance Transfer Credit Card stands out for its 0% intro APR on balance transfers for the first 18 months. 

This introductory offer allows you to transfer your high-interest credit card balances to the Discover It card and pay off your debt without interest for nearly a year and a half, which can significantly save you money in interest charges.

In addition to the balance transfer offer, the card offers 5% cash back on rotating categories, such as grocery stores, restaurants, and more (up to a quarterly maximum), making it a great choice for individuals who want to earn rewards while managing debt. 

Pros and Cons

Pros:

• 0% intro APR on balance transfers for 18 months: Save on interest for the first 18 months, allowing you to pay down your balance more efficiently.
• 5% cash back on rotating categories: Earn rewards on categories like grocery stores, online shopping, and more.
• No annual fee: Enjoy all the benefits without the burden of an annual fee.
• Cashback match for the first year: Discover will match all the cash back you’ve earned at the end of your first year.
• No foreign transaction fees: Use your card abroad without paying extra fees.

Cons:

• Balance transfer fee: There’s a 3% fee for each balance transfer (5% for cash advances), which may be an extra cost to consider.
• Rotating categories require activation: You need to activate each quarter’s categories to earn the 5% cash back rate.
• APR after intro period: After the 18-month introductory period, the APR can be high, so it’s important to pay off your balance before the promo period ends.
• Limited 5% categories: The rotating categories may not always align with your spending habits.

How do I know if the Discover It Balance Transfer is the best credit card for me?

The Discover It Balance Transfer Credit Card is ideal if you’re looking to transfer existing high-interest balances to a card with 0% APR for 18 months. 

This makes it a great tool for consolidating debt and saving on interest. Additionally, the card offers 5% cash back in rotating categories, which can be a great benefit if you spend a lot in those categories.

Why do we like this card?

There are several reasons why the Discover It Balance Transfer card stands out as a great financial tool. One of the key benefits is the 0% introductory APR for 15 months, which allows cardholders to focus on paying off their debt without accumulating interest.

Another reason to like this card is its no-annual-fee structure. Many balance transfer cards charge an annual fee, but Discover keeps costs low, making it an attractive option for long-term use.

In addition to debt repayment benefits, the card also offers cashback rewards. This means that while paying off debt, users can still earn money back on new purchases. The combination of savings and rewards makes it a well-rounded option for many consumers.

For those looking for a secure, cost-effective credit card with flexible repayment options, the Discover It Balance Transfer is a great choice.

Conclusion

The Discover It Balance Transfer card is an excellent choice for individuals who want to save money on interest while paying down debt. With a 0% APR for 15 months and no annual fee, it provides a cost-effective way to manage existing credit card balances.

While it does charge balance transfer fees and may not be ideal for international travelers, its strong security features and cashback rewards make it a valuable financial tool.

For those who need a simple, reliable card to reduce interest costs and earn rewards at the same time, the Discover It Balance Transfer card is a practical solution.