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Apply online for Discover it®- 18 Month Balance Transfer Offer
About Our Ratings
Credit Needed
Excellent/Good

Discover it®- 18 Month Balance Transfer Offer Review

Pros & Cons

  • A recent winner of CardRatings.com best 0% APR balance transfer card. Cardholders can take advantage of 0% APR on balance transfers and purchases for 18 months.
  • Cash back rewards are a huge incentive with this card. Rotating categories give cardholders to earn 10% back on certain purchases within the first year.
  • Even with the 0% APR for balance transfers, there is a 3% balance transfer fee to watch out for.

Top Features

Balance Transfer Intro APR
0% Intro APR on balance transfers
Balance Transfer Intro Period
18 months
Balance Transfer Fee
3%
Purchase APR
11.24% - 23.24% Variable*

Full Review

Curtis Arnold Editor-in-chief

Discover it® brings back the same kind of feeling that early customers had when Discover invented the cash back credit card in the 1980s. Times have changed, and everyone from major banks to neighborhood credit unions now offers rewards. That's why Discover has returned to their roots, refreshing a classic product with a commitment to customer experience that may cause competitors to start playing catch-up all over again.

How Discover it®-18 Month Balance Transfer Offer aims to redefine credit card customer service
A recent Bain & Company survey identified that many Americans make their banking decisions based on "moments of truth" instead of just prices. Researchers found that consumers often say they want the biggest rebates and the cheapest prices, but that they actually decide to stay loyal to a bank based on what happens when they need a card replaced or a transaction reversed.

Discover aims to capture that loyalty by access to live, American-based agents and by empowering those customer service professionals to resolve problems quickly. Agents can process same-day payments as late as midnight on the east coast, assuring customers who worry about forgetting to send a check. They can waive the late fee for your first missed payment, and they'll even help you work out a lower APR or a lower minimum payment if you lose your job.

Best card for no-hassle service and solid rewards
Because many of us don't like to think about potential calamities, the Discover it®'s reward program offers plenty of good news. Instead of a tiered structure with spending thresholds and other limitations, Discover it® provides a simple, 1 percent cash back on your purchases. It also shares quarterly bonus offers with other Discover it® cards, meaning that you can still get up to 5 percent cash back, subject to maximum quarterly spend, on eligible purchases in specialty categories when you enroll each quarter for the 5 percent categories. Now, thanks to an exclusive offer, new Discover cardholders who apply now can double all the cash back they've earned at the end of their first year with the card.

Discover makes it easy to redeem your rewards as well. Instead of tracking a convoluted points system, you can use Discover's website to watch your CashBack Bonus balance grow. Discover's online shopping portal offers up to 20 percent back from participating merchants. A partnership with Amazon.com means you can redeem your rewards at anytime, for just about any kind of product.

How Discover it® compares to other cash back credit cards
Discover it® doesn't offer the biggest set of rebates on the market, but it remains one of the country's most accessible cash back credit cards with no annual fee. By comparison, American Express, a CardRatings.com advertiser, offers a number of cash back cards with cash back rewards that range between 2 and 5 percent (terms, limitations and restrictions apply). Like Discover, American Express earns significant praise for its customer service operations. American Express usually restricts its cash back cards to applicants with excellent credit. If you're the kind of customer who's worried about catching a payment before it's late, those cards may be out of reach.

This card also requires excellent credit however it more closely resembles the Chase Freedom card. Like Discover, Chase offers rotating, quarterly bonus categories. Although Discover has no foreign transaction fees on purchases made outside of the U.S. on the Discover it®, Capital One cards, for example, enjoy a slight edge in parts of the world where Visa and MasterCard have built larger merchant networks.

This card compared to other balance transfer cards

Balance Transfer Intro APR
0% Intro APR on balance transfers
0% Intro APR for 18 billing cycles for balance transfers made in the first 60 days
0%*
Balance Transfer Intro Period
18 months
18 billing cycles
21 months on Balance Transfers*
Balance Transfer Fee
3%
3% of the amount of each transaction or $10, whichever is greater.
3% of each balance transfer; $5 minimum.
Purchase Intro
APR:
0% Intro APR on purchases
Period:
6 months
APR:
N/A
APR:
0%*
Period:
21 months on Purchases*
Purchase APR
11.24% - 23.24% Variable*
11.24% - 21.24% Variable APR on purchases and balance transfers 
13.24% - 23.24% (variable) 
Annual Fee
$0
$0
$0*
Rates and Fees
This card is best for individuals who want to earn cash back with no annual fee and are looking for a low introductory rate on purchases and balance transfers.
CardRatings.com Editorial Staff

Discover it®- 18 Month Balance Transfer Offer details

Balance Transfer Intro APR
0% Intro APR on balance transfers
Balance Transfer Intro Period
18 months
Purchase Intro
APR:
0% Intro APR on purchases
Period:
6 months
Purchase APR
11.24% - 23.24% Variable* 
Annual Fee
$0

What Discover says about this card

  • We'll DOUBLE all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202--Automatically. Only for new cardmembers.*
  • 5% cash back in categories that change each quarter like gas, restaurants, home improvement stores and more -up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
  • 0% intro APR* on balance transfers for 18 months--then a variable purchase APR applies, currently 11.24% - 23.24%. A 3% fee applies to each transferred balance.
  • Freeze It℠ on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.* Plus get 100% U.S.-based service.
  • Track your recent FICO® Credit Scores for free in one easy-to-read chart on monthly statements & online.*
  • No annual fee.* No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won't raise your APR.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text and you're never responsible for unauthorized purchases on your Discover card.
  • Click "Apply Now". *See rates, rewards, FICO® Credit Score terms & other information.

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Special offers
Currently available on the Discover it®- 18 Month Balance Transfer Offer
We'll DOUBLE all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202--Automatically.
Only for new cardmembers.*

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Apply online for BankAmericard® Credit Card

BankAmericard® Credit Card

  • 0% Introductory APR for 18 billing cycles for balance transfers made in the first 60 days, then 11.24% - 21.24% Variable APR.
  • Balance transfer fee of either 3% of the amount of the transfer or $10 (whichever is greater) applies
  • No annual fee
  • The perfect card for those seeking a simple yet convenient-to-use credit card
  • Zero liability fraud protection, so you're not responsible for any fraudulent charges made on your account
Credit Needed:
Excellent/Good
Apply online for Chase Slate®

Chase Slate®

  • Chase Slate named "Best Credit Card for Balance Transfers" three years in a row by MONEY Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Free Monthly FICO(R) Score and Credit Dashboard
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Credit Needed:
Excellent/Good