Discover it Balance Transfer Review: The Smart Way to Reduce Debt

Discover it: 18-mo 0% APR for transfers, rewards on spends, $0 annual fee.

Discover it Balance Transfer Review: The Smart Way to Reduce Debt


  • Annual Fee: $0, making it easily accessible without any upfront cost.
  • Intro APR: Offers 0% intro APR on purchases for 6 months and balance transfers for 18 months, which is perfect for managing existing debt.
  • Regular APR: After the intro period, the APR ranges from 17.24%-28.24% Variable APR.
  • Rewards Rate: Earns 1%-5% Cashback, with 5% cash back on rotating quarterly categories on up to $1,500 in purchases (activation required) and 1% on all other purchases.
  • Credit Score: Recommended for users with a Good to Excellent credit score (690-850).


  • Generous Intro APR Period: One of the longest 0% intro periods for balance transfers, allowing significant interest savings.
  • Rewards Program: Unlike many balance transfer cards, it offers a competitive cash-back rewards program.
  • Cashback Match Intro Offer: Discover matches all the cash back earned at the end of the first year for new card members, doubling the rewards.
  • No Foreign Transaction Fees: Ideal for international use without incurring extra charges.
  • Flexible Redemption Options: Cash back can be redeemed in various ways, including direct deposit, statement credit, and more.

Product Summary

The Discover it® Balance Transfer card is a powerful financial tool designed to tackle high-interest credit card debt while rewarding spending. It stands out in the balance transfer card category by offering a lengthy 0% intro APR period on balance transfers for 18 months and purchases for 6 months. Its cash-back rewards program also adds long-term value, making it more than just a debt management tool. With no annual fee and a unique cashback match offer for the first year, it's suited for anyone looking to reduce their debt efficiently while earning rewards on their purchases. However, the rewards program's complexity and spending caps might require some management. The Discover it® Balance Transfer card provides a balanced mix of debt management solutions and rewards, setting it apart as a valuable card in your wallet even after the debt is paid off.

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