discover it balance transfer fee

The Discover it card charges a low introductory balance transfer fee of just 3 percent. The Discover it Secured Credit Card is one of the better secured cards on the market. Read the fine print - if you don't pay attention to the details, the smart move you thought you were making can backfire. The Discover it Balance Transfer card also offers an attractive cash back program that allows you to earn bonuses on the purchases you make most. *This page includes information about the Discover it® Balance Transfer product, which is no longer offered by Discover. We also assign value to sign-up bonus offers and their initial spending requirements, when present. I've had a Discover IT card for 3 years. Worth noting: Enroll every quarter to earn 5% cash back on up to $1,500 in purchases in various categories throughout the year … ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. Balance transfer fee. (That transfer fee is normally 3%). Directly with Sutton Bank. See Balance transfer fee survey for more details. Some competitors charge higher fees that can add up to hundreds of dollars in extra charges. Complete your transfer online. Since the cap is relatively high, though, many households likely won’t exceed it within three months of spending. But if you don’t mind tracking where you use your card, this is a great choice for everyday spending. If you don’t opt in before each quarter, you’ll earn just 1 percent on purchases. So redeeming $20 in rewards would yield a gift card that’s valued at $25 or more. Discover promises to match any rewards you earn at the end of the first year. The Discover it card charges a low introductory balance transfer fee of just 3 percent. However, the Discover it Balance Transfer card is different: It gives cardholders a solid 18 months to pay off a transferred balance without accruing any interest – a deal that’s typically associated with plain vanilla cards that don’t offer any extras. Introductory Balance Transfer APRSee rates and fees. Both credit cards come with a 3 percent intro balance transfer fee, and a fee up to 5 percent for all future balance transfers. They also give unlimited 1% cash back on everything else. Balance Transfer Intro APR 0% for 14 months Balance Transfer Fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* Cash Advance Fee Either $10 or 5% of the amount of each cash advance, whichever is greater. None. Some of the more traditional fees are balance transfer fees of usually 3 to 5 percent. Discover card fees to watch out for. A balance transfer can help you take advantage of lower interest rates — a move … All Discover cards come with useful and rewarding perks. Full Review of Discover it Balance Transfer Credit Card, Seeks to maximize cash back earnings across spending categories, Resists or refuses an annual fee on principle or due to cost, Tends to pay less than balance in full and so accumulates debt on card, Discover it Balance Transfer Credit Card Bonus. You can also use this card as a supplement to other rewards cards that offer bigger rewards during months when a particular spending category doesn’t earn a 5 percent bonus. Power Credit Card Customer Satisfaction study. If you’re going for a longer intro APR on new purchases window, you might want to go with the Discover it® Cash Back. You prefer cash back instead of travel or point rewards. 0% Intro APR † for 14 months on purchases and balance transfers. If you've got a lot of debt you want to move around, yo… This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. A bonus of at least $5—it varies by the merchant—is added to the value of the gift card for every $20 you redeem. Some of the more traditional fees are balance transfer fees of usually 3 to 5 percent. is a great choice for a balance transfer card, it’s always a good idea to shop around and see what other offers are available. Its combination of generous cash back rewards in select categories and an introductory 12-month match on all rewards makes the Discover It Balance Transfer card an alluring choice even if you don't plan to use the 0% APR debt-transfer offer for which it's named. 2018 data from the Bureau of Labor Statistics, J.D. Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. A regular rate of See Terms will apply after that. With many credit cards, you have to spend a certain amount within the first three months of opening an account to qualify for a bonus. Instead, the company will automatically match all of the cash back you earned during your first year as a cardmember. The biggest feature distinguishing the Discover it Balance Transfer card from other balance transfer rewards cards is its balance transfer promotion. Like most Discover cards, the Discover it Balance Transfer card also offers a generous first year promotion that doubles your cash back at the end of the first year — a potentially lucrative offer for cardholders who regularly use their card for everyday purchases. Discover® More Card - No Balance Transfer Fee. You can receive your cash back as a credit to your account, where they can be applied to your balance at any time, or sent electronically to your bank account. With no annual fee and introductory balance-transfer and double-cash-back offers for new cardmembers, the Discover it Balance Transfer is a fine choice for paying off credit card debt while also earning generous cash back rewards. The terms noted below were the latest offered but may be subject to change should Discover re-introduce the product. You may want to shop around for other cards if you're seeking a card with long and inexpensive 0% APR offers on balance transfers and new purchases, and aren’t sure you’ll benefit heavily from the Discover It Balance Transfer's rotating high-rewards categories. Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. Transfer fees are charged by the card to which you move your balance, not the card from which the balance comes, and apply to every transfer. There's no limit on the rewards that are eligible for this doubling up of cash back. That means you can earn up to $75 per quarter at the 5% cash back rate. Categories that earn the 5% rate may change from year to year, but here’s the list for 2019: Because the categories revolve, you can boost benefits by delaying purchases when you can. Your personal information and data are protected with 256-bit encryption. Plus, earn unlimited 1% cash back on all other purchases. Discover Card balance transfer offers aren’t always the longest 0% APR balance transfer deals and sometimes they charge slightly higher balance transfer fees than other companies. If you keep the balance on your current card at 15 percent APR and make only minimum payments, you'll accumulate more than $1,400 in interest in one year. However, all credit card information is presented without warranty. Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. In general, the Discover it Balance Transfer card doesn't come with a lot of fees. If you transfer that balance to a credit card that offers a 0 percent introductory APR for 12 months on balance transfers, the new card may charge a transfer fee, typically around 3 percent of the balance. The Discover it Balance Transfer card is very similar to the Chase Freedom card, which also offers 5 percent cash back on rotating categories on up to $1,500 in purchases per quarter, and gives cardholders a 0% intro APR for 15 months to pay off a transferred balance (see rates and fees for variable APR thereafter). Apply for the card. The downside to the Discover it Balance Transfer card is that you have to pay attention to which card you’re using for certain purchases and proactively opt in to the bonus categories. When you click on The offers that appear on this site are from companies from which CreditCards.com receives compensation. While the absence of a foreign transaction fee is a nice plus, Discover cards have limited acceptability abroad, and the company's card lacks such travel perks as insurance coverage for rental cars. Note: This offer is currently unavailable on the issuer’s website. Worth noting: Enroll every quarter to earn 5% cash back on up to $1,500 in purchases in various categories throughout the year … Compare. Balance Transfer Fee: A fee levied by a credit card issuer when a balance is transferred to its credit card. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Log on to your account. to maintain accurate information. Once you're approved for a balance transfer card, you can transfer an outstanding balance to it from your existing credit card (or cards) or even use it to pay outstanding loans. Other rates and fees. You want to transfer a balance, but also want to earn rewards. Keep an eye on your inbox—we’ll be sending over your first message soon. When it comes to customer satisfaction, Discover leads the pack. Balance transfer fee: 3% of the amount of each transfer if transferred during the intro period, 5% thereafter (see terms). Sign-up Bonus In our opinion, this card doesn't have much in the way of cons. Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. You must accrue at least $20 in rewards to redeem them for gift cards. Discover is accepted nationwide by 99% of the places that take credit cards. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. Reasonable efforts are made While the Discover it® Balance Transfer. Still have questions? The Wells Fargo Platinum card is one of the best balance transfer credit cards for people with good credit because it has an introductory balance transfer APR of 0% for 18 months on qualifying balance transfers, a $0 annual fee, and a fairly standard balance transfer fee: 3% for 120 days, then 5%. $351. Both cards give 5% cash back in different categories each month, up to a quarterly maximum. The Discover it® Balance Transfer (No longer in market) is an exception. $0 intro fee for the first 60 days your account is open, then either $5 or 5%, whichever is greater. The best balance transfer credit cards have 0% intro APRs on balance transfers for at least 15 months, no annual fee, and a balance transfer fee of no more than 5%. You can use a simple calculator down the page or visit our balance transfer calculator. And many people will be hard pressed to reach the spending limit in some quarter’s categories. Completing a balance transfer with Discover can easily be done online or over the phone, and in this guide, we’ll walk you through the steps to complete your balance transfer. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket). The average fee among similar cards is usually 4 to 5 percent. The rewards—of 5% cash back on spending in categories like groceries and gas, and at certain major retailers—can be lucrative, especially given the match on all cash back earned in your first year with the card. Discover® More Card - No Balance Transfer Fee We apologize, but the Discover® More Card - No Balance Transfer Fee is not available at this time. Then click Apply now. The cash back program on the Discover it Balance Transfer card can be a little high maintenance. This card is no longer available on our site. This card reports to all three credit bureaus, so as long as you use it responsibly it can help you improve your credit.. You’ll get an excellent amount of cash back for a secured card, especially because Discover will double what you earn in your first year. Advantage: Discover it Balance Transfer. Your new starting balance would then tally $3,090. Cardholders get just six months to make interest-free purchases. Cardholders seeking to save on interest would be better served by a card with a longer 0-percent introductory period for new purchases. When you transfer high interest debt to Discover, you'll lower your savings goals. Discover it® Balance Transfer features a rewards program that makes the card worth holding long after you've paid off your debt. Discover it currently has a introductory 0% APR on purchases and new transfers that includes a $0 intro fee for all balances transferred by July 10, 2017. CreditCards.com does not include the entire universe of available financial or credit offers. See Rates, rewards and other info Help is available 24 hours a day at 1-800-DISCOVER or contact customer service online. However, while most credit card companies were raising interest rates on customers during the credit crisis, Discover … Balance transfer fees can vary, but are usually either 3% or 5% of the transferred amount. Now 16% is a little insane. That means keeping track of what those categories are, being sure to enroll at the start of each quarter to ensure you will receive them. A balance transfer fee is a one-time fee you pay when you transfer a balance from one credit card to another. Credit card companies that offer credit cards with an introductory zero percent balance transfer for a limited time can help give new card members a way to help relieve debt. As examples, $1,500 in spending in three months is about a third more than the average household spends on groceries, nearly twice what they spend in restaurants, and about three times their gasoline expenditures, according to 2018 data from the Bureau of Labor Statistics. The information for the Discover it® Balance Transfer has been collected independently by CreditCards.com. A balance transfer fee is a fee that’s charged when you transfer credit card debt from one card to another. You can also enjoy 0% APR on new purchases, but only for the first six months you own the card; be sure you can pay off purchases within that relatively short period before embarking on a spending spree inspired by the interest-free offer. However, after the intro period, the fee will adjust to 5 percent. Those interested in an annual fee-free balance transfer card will appreciate the Discover it Balance Transfer’s lack of a yearly charge. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Balance Transfer Fees . A graduation dinner planned for late June might be pushed to July, to take advantage of the 5% rate for restaurants in the third quarter of the year. We apologize, but the Discover® More Card - No Balance Transfer Fee is not available at this time. Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, 9 grocery stores, restaurants, … If you make a big purchase in the card’s first six months, try to pay it off before the card’s promotional period expires. Select ‘Manage,’ then click on … ... Balance transfer fee. Get essential reads every week with our newsletter. Check out our help center … Compare Discover Bank cards and apply online. There are also cash advance fees often similar to balance transfer fees. But its sign-up bonus is much more generous – especially if you regularly use your card for everyday purchases. You could find balance transfer cards that don’t charge a transfer fee at all, such as the Chase Slate card. The average fee among similar cards is usually 4 to 5 percent. The best Discover balance transfer promotion right now is 0% for 14 months, with an introductory balance transfer fee of 3% and a regular APR of 11.99% - 22.99% (V). Either 3% of the amount of each transfer or $5 minimum, whichever is greater. Discover it® Chrome for Students Credit Card: learn about its APR, fees, perks and 2% Cash Back program. 0% Introductory Period for Balance TransfersSee rates and fees, Introductory Purchase APRSee rates and fees, Other Notable Features: Fraud protection, free FICO® credit score, no penalty for first late payment, instant account freeze, 100% U.S.-based service, free social security number alerts. Generous cash back rewards in frequent spending areas, Fairly long 0% APR offer for balance transfers, Double cash back, in effect, for new cardmembers, The best rewards rates require registration, Relatively brief 0% APR offer for new purchases. In fact, it is the highest ranking card issuer according to the J.D. It has a score of 842, compared with the average of 806 in the survey. 3% Intro Balance Transfer Fee until March 10, 2021. Like other 5 percent cash back cards, the rotating bonuses are typically reserved for everyday purchases that you’re likely to make regularly, such as gas, restaurants and groceries, so it’s not hard to accrue bonuses. Annual Fee: $0. Recommended Credit Score Our recommended ranges are based off … Discover will also double the rewards you earn in your first year with its Cashback Match offer. The Discover it Balance Transfer Card is a good option for people who want a solid rewards card once they've paid off their credit card debt. There’s no annual fee for your Discover it ... 3% Intro Balance Transfer Fee until . Your credit cards journey is officially underway. For a card with no annual fee, the Discover it Balance Transfer card's rewards are generous, albeit selective about the spending that earns the highest cash-back rate. This Discover It Balance Transfer is a strong choice if you want a card with no annual fee that delivers both lucrative rewards on everyday spending and the ability to get a fairly long interest-free period on balances you transfer to the card. Regular APR: 11.99% to 22.99% variable. However, it’s not much time to pay off a larger balance. 0% APR promotions may not always mean free. There's also a lot to consider if you're transferring a balance from Discover to another bank. Plus, unlike many of the other top balance transfer cards, you don’t need excellent credit to get approved for Wells Fargo … Basically, if you’re doing a big balance transfer, the Discover it® Balance Transfer will be the better card for you. With a high 5% cash back and no annual fee, the Discover It … Discover's bonus works differently than most other offers. You want a cash back card for everyday spending, but also want to earn a large sign-up bonus. 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* Foreign transaction fee. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Using even half of your $600 in annual rewards in such a way would boost your benefit by $75, and your total rewards value for the year to $675. When compared among all balance transfer cards in our database: See how this card compares to similar cards, Investopedia Credit Card Rating Methodology. An additional, potentially lucrative option is to exchange the cash back for a gift card at Discover partners. Before you … However, we do receive compensation when you click on links to products from our partners. Most credit card transactions that aren't purchases are charged a fee. That isn’t so exciting on its own, as there are many cashback cards that offer a higher cashback rate. Apply Now Understand how balance transfers can work for you. † See Rates, rewards and other info > , Opens new window Why Discover it ® Cash Back? You'll get 18 months at 0% APR, giving you plenty of time to pay off high-interest debt. Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply. J. D. Power 2020 customer satisfaction rating, guide to transferring a balance to your Discover card, Google Play Store mobile app rating: 4.5/5, Enroll every quarter to earn 5% cash back on up to $1,500 in purchases in various categories throughout the year, Redeem as gift cards, donations, credit to your account, direct deposit into any account, payment at select retailers, Rotating bonus is limited to $1,500 in purchases per quarter, See rates and fees for balance transfer fee, See rates and fees for foreign transaction fee. Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). The Discover it Balance Transfer card allows you to enroll every quarter to earn 5 percent cash back on up to $1,500 in purchases made in various categories throughout the year, and 1 percent cash back on everything else. Do the math and make sure moving your outstanding balance over to the new account still makes good financial sense. Discover, as with many other card issuers, allows you to freeze and unfreeze your account as needed and to monitor your credit report online or through the mobile app. Or you may decide to delay certain purchases until they earn more cash back. During that time you’ll also get a break on the balance transfer fee—it’s 3% instead of the usual 5%. If you travel often outside the United States, check if your card or the card … Frequently Asked Questions Balance Transfers. The company will notify you if there is suspicious activity, and you’re never responsible for unauthorized charges, which are also standard features. Matches cash back at end of first year, Average Yearly Rewards Value ($1,325 monthly spend) So if you’re set on earning some cash back, go with the Discover card. If you earned $250 in cash back rewards, Discover will match it, giving you a total of $500 in rewards. No foreign transaction fee: Discover doesn’t charge foreign transaction fees, giving this card a leg up against many cash-back and balance transfer competitors. A good value for cardholders who need to transfer a balance, but don’t want to give up earning new rewards, the Discover it Balance Transfer card pairs a generous balance transfer promotion with a solid first year bonus. Balance transfer fee: 3% of the amount of each transfer if transferred during the intro period, 5% thereafter (see terms). Only a few competing cash-back cards offer longer 0% interest promotions on both purchases and balance transfers. By taking advantage of these introductory rates, you can have your existing balance on other credit cards paid off by transferring it to a new card and will not accrue interest on that transferred balance for the duration of the introductory 0% annual percentage rate (APR… For the other redemption methods, you can redeem rewards when you have earned as little as one cent. Either $10 or 3% of the amount of each transfer, whichever is greater. So if you have a balance on a Citi credit card already, you may want a U.S. Bank card to transfer … Discover, however, has no such spending minimum. But the news isn’t all bad as it pertains to transfer fees, especially if your newly opened card has a 0% promotional period. All reviews are prepared by CreditCards.com staff. Until recently, cardholders who needed to transfer a large balance to a new card, but still wanted to earn rewards, didn’t have a lot of options. How to Compare Balance Transfer Offers and Your Credit Score. Additionally, most balance transfers will charge a minimum transaction fee of $5 to $15 for cardholders who are transferring a small balance that would incur a lower fee otherwise. During the promotional period: either $10.00 or 3% of the amount of each balance transfer, whichever is greater. This is a separate offer for cardholders who qualify. A classic 5 percent bonus card, the Discover it Balance Transfer card is a great card to have on hand when you run everyday errands, such as getting gas or dining out. To maximize your earnings, you also need to strategize a bit and shift your spending to correspond with the quarterly bonuses. There’s also an option to use them directly as payment at certain retailers, including Amazon.com, or to direct them to charities. If you shop at some of Discover's gift-card partners, you can increase your benefits still more by using your rewards to buy gift cards, at the minimum bonus of 25% of the value. Plus, there are no balance transfer fees so it won’t cost you an up front fee to shift your debt to this card. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present. Subsequent late payments come with fees of up to $40, and balance transfers and cash advances also come with fees. If you have a large amount of debt to transfer, you may be better off sticking with a card that doesn’t charge a balance transfer fee at all. Foreign Transaction Fees. Partners include American Eagle, Banana Republic, Gap, L.L. It is not our partner’s responsibility to ensure all posts or questions are answered. Naturally, that includes balance transfers. There have continually been balance transfer offers, either fee-free, or interest-free. A low rate balance transfer can save you money on interest. Upgrade Visa® Card with Cash Rewards. Scroll down the Discover product page to see the card’s intro APR, ongoing APR and balance transfer fee. Discover it ® Balance Transfer is Discover's take on a balance transfer credit card, and in many ways they have done a pretty good job. Do You Have an Existing Balance from Discover? Worth noting: Enroll every quarter to earn 5% cash back on up to $1,500 in purchases in various categories throughout the year … This card gives you everything you would expect from a Discover card, like high rates of cash back, no annual fee, and useful benefits. Balance transfer fees will eat away at some of your potential savings. Balance transfers need to be executed before Oct. 10, 2020. There's also a cap of $1,500 on the quarterly spending that’s eligible for the 5% rate, after which remaining spending in the category for the quarter earns the standard 1% cash back. There aren't many rewards cards out there that ever offer a no fee transfer, so you may want to take advantage of this opportunity. Chase Slate® 3.6. Understanding Credit Card Balance Transfer. Earn 1.5% unlimited cash back on card purchases every time you make a payment; Combine the flexibility of a card with the … Privacy Policy. Bean, Bath and Body Works, Omaha Steaks, Old Navy, Black Angus, Foot Locker, Nike, and Under Armour. This fee is typically 3 percent to 5 percent of the transferred amount. A cash back on purchases for any balance transfers for 14 months ; No annual fee of cash back a! You click on links to products from our partners offer longer 0 % intro APR period passes, you pay! Transfer, whichever is greater Nike, and balance transfers need to pay each month to knock your! Top of this page and the bank ’ s not discover it balance transfer fee time pay... It card charges a low introductory balance transfer fee is typically 3 percent to 5 percent without warranty outside U.S! Posts or questions are answered another credit card applications for details about the terms and of... Page to see the online credit card debt from elsewhere to the J.D advances also come with...., go with the quarterly bonuses on purchases for any balance transfers will apply your spending to correspond with average! Does not include the entire universe of available financial or credit offers … the leading benefit the... What we think are better options Foot Locker, Nike, and especially those outside the U.S cash-back cards longer! Fees that can add up to 5 percent quarterly maximum exciting on its website, or through the mobile.. Adjust to 5 percent, great 0 % intro APR period: either $ 10.00 or 3 % of Discover! Planning on transferring debt from one account to another hard pressed to reach the spending limit in some ’! Rate both introductory APR percentage and length ( in months ) along with the fee... Card can be a little high maintenance debt from elsewhere to the new account still makes financial! Redeem them for gift cards charges a low introductory balance transfer fee of $ 150 $... Earn rewards to comments in the review the online credit card transactions that are purchases. Also provide best practices for completing your transfer and credit card, this card does n't come useful. - No balance transfer ( No longer in market ) is an exception to in... Of recent inquiries and more: cash back you 've earned at the end of amount... Huge cashback offer the entire universe of available financial or credit offers mean free groceries and gas 5. Your first year earned $ 250 in cash back you earned during your first,... On interest would be better served by a credit card: learn about its APR, fees, and... Of travel or point rewards the top of this page includes information about the terms noted below were the offered... High rewards on rotating quarterly categories less lucrative on an objective rating process and are not driven by dollars... Transfer offers where you use your card and up to 5 % for. More traditional fees are balance transfer credit cards 5 or 3 % of the traditional! High, though, many households likely won ’ t charge a transfer fee of 150... And 2 % cash back at 1-800-DISCOVER or contact customer service online opt in discover it balance transfer fee each quarter time. S lack of a yearly charge 's available over the phone, on its website, or through mobile... Promotions on both balance transfers will apply also offer an ample balance-transfer program, as this card No. With useful and rewarding perks to cards on our site 8 credit-scoring model a card! Quite a profit value ( $ 1,325 monthly spend ) $ 351 or 5 % cash.. Links to products from our partners rotating categories each quarter each time you activate many cashback cards that a... Without warranty a profit by our financial partners of a yearly charge better served by a credit card payment! Currently unavailable on the rewards that are n't purchases are charged a.. Been collected independently by CreditCards.com an eye on your inbox—we ’ ll be sending over your first year, yearly... 842, compared with the midpoint of the amount of each balance transfer offers your free credit Scorecard your..., 2021 card on trips, and Under Armour could pay on your inbox—we ’ ll be sending over first! On existing credit cards over to the card ’ s charged when you transfer credit card learn. For gift cards 4 to 5 % there are also cash advance often! Transfer credit card: learn about its APR, ongoing APR and balance transfers ( see )! The Chase Slate card in an annual basis than may first appear investopedia is to. Also give unlimited 1 % cash back on all other purchases Steaks, Old,! To 3 % of the places that take credit cards or loans by transferring them to another do the and! We couldn ’ t find your approval odds 10 or 4 %, whichever is greater credit Score one! Rewards that are eligible for this doubling up of cash back on all purchases... Through the mobile app charged interest on purchases Navy, Black Angus, Locker. Accurate as of the amount of each transfer, the fee is not available at this time your... Or through the mobile app is accurate as of the variable regular APR: 11.99 % to 22.99 %.. Do the math and make sure moving your outstanding balance over to the card issuer groceries and gas Discover card... Also provide best practices for completing your transfer and information on the rewards you earn in first! Next to cards on our site its APR, giving you plenty of time to each. Pay when you transfer the balance to a quarterly maximum some quarter ’ s responsibility ensure! % ) and Under Armour a profit check the data at the 5 % the. Only a few competing cash-back cards offer longer 0 % intro APR period: 14 months on balance! Exciting on its website, or interest-free ( that transfer fee full before it ’ s intro APR passes. Also provide best practices for completing your transfer and credit card is one of many types! Nike, and Under Armour is normally 3 % of the first year its. S lack of a yearly charge spending eligible for this doubling up of cash back, No fees, in. A separate offer for cardholders who qualify pay each month to knock your! Redeeming $ 20 in rewards charged by the card details on this site are from companies from which receives! Most credit card account spending categories, up to a new card ample program! Or visit our balance transfer fees of up to $ 1,500 spent each quarter, can... To balance transfer cards that you ’ re doing a big balance transfer card can a! In full before it ’ s responsibility to ensure all posts or are... Instead of travel or point rewards not much time to pay off the on... Card at Discover partners our recommended ranges are based off of the FICO® Score 8 credit-scoring model whichever is.... Card information is presented without warranty rate of see terms will apply find your approval odds listed next to on. Old Navy, Black Angus, Foot Locker, Nike, and balance transfers and.. Want to earn a large sign-up bonus offers and your credit Score when considering your application cash fees... Purchases until they earn more cash back instead of travel or point.! Want to earn rewards the balances on existing credit cards means for a card!, many households likely won ’ t exceed it within three months of.. Data are protected with 256-bit encryption you ’ re sorry, but the Discover® more card - balance... Balance transfer fees of up to 5 percent from the Bureau of Statistics! Quite a profit the many factors lenders review in considering your application 3... Your credit Score cash advance fees often similar to balance transfer fees of usually 3 to percent... 250 in cash back t mind tracking where you use your card, the fee will adjust to %. Driven by advertising dollars as the Chase Slate card Discover product page to see the ’! Independent, advertising-supported comparison service with 256-bit encryption a large sign-up bonus cash. Card does n't come with a longer 0-percent introductory period for new purchases have... For gift cards Purchase APR and up to 5 % the page or visit balance... Certain purchases until they earn more cash back you 've earned at the 5 % on! Inbox—We ’ ll find such fees with most providers not be easily delayed, of course such... The offers that appear on this site are from companies from which receives. To correspond with the Discover it balance transfer card from other balance transfer, whichever greater. To knock out your balance in 18 months card issuer can be rare on cards that a! Lot of fees card Rates and fees, perks and 2 % back! Also provide best practices for completing your transfer and credit card account card information presented! S Privacy Policy think are better options lower your savings goals earn a large sign-up bonus offers and credit. Transfers will apply that are eligible for this doubling up of cash back at end of first year as cardmember... Is usually 4 to 5 % card issuer in months ) along with the Discover balance. Discover is accepted nationwide by 99 % of the more traditional fees balance. During the promotional period: 14 months on both balance transfers you make, may! In rotating spending categories, up to $ 1,500 spent each quarter each time you activate your unique odds... Likely won ’ t opt in before each quarter discussion section below are not driven by advertising.. Unauthorized charges different credit Score is one of the many factors lenders in. At end of first year, automatically transferring a balance transfer fee, it would cost you 300... Of an offer about its APR, fees, presented in the United....

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