Intro APR on Balance TransfersUpdated: Feb. 1, 2017

Paying credit card interest is a drag, especially if you’re trying to pay off a hefty balance. Instead of drowning in interest, why not consider a balance transfer and avoid paying interest on that balance for over a year? Sounds too good to be true? Discover it – 21 Month Balance Transfer Offer makes this a reality, offering a whopping 21-month 0% intro APR on balance transfers (the longest 0% intro APR of any card we’ve reviewed) and a 6-month 0% intro APR on purchases. While there is a 3% balance transfer fee, it’s likely that this small fee is a lot cheaper than the ongoing interest you’re paying on your current credit card, making a balance transfer a wise idea. On top of that, this card offers some generous cash back rewards, which makes it a great card to continue to use after you’ve paid off your transferred balance, and it’s available to those with average to excellent credit (usually a score above 670). In fact, this card has benefits usually reserved for those with great credit and it’s also one of our top-rated cards for those with excellent credit. Want to know more? Here’s our breakdown of this top-notch balance transfer credit card.

What can you expect from Discover it?

Discover it – 21 Month Balance Transfer Offer has a ton of unique features — more than you’d get with most other balance transfer credit cards. In terms of cash back rewards, you’ll get 5% back on rotating categories (up to the quarterly maximum, then it’s 1%) and 1% on all other purchases. From January through March, you’ll earn 5% back at gas stations, ground transportation (including Lyft and Uber) and wholesale clubs (including Sam’s Club, BJ’s and Costco online) up to $1,500/quarter in combined purchases, then it’s 1% back. These categories rotate on a quarterly basis, but Discover will remind you when it’s time to activate your rewards. Sweetening the cash back rewards is Discover’s Cashback Match program, which automatically matches all of the cash back you’ve earned at the end of your first year. This means if you’ve earn $400 back in your first year as a card member, Discover will match that to give you $800 back!

When it’s time to redeem your rewards, you can redeem any amount at any time in a number of ways, including credit to your account, gift cards or eCertificates ($20 minimum redemption required), an electronic deposit into any account account your designate, charitable donations to select charities or a form of payment to select online retailers, like Amazon.com.

The perks of Discover it – 21 Month Balance Transfer don’t stop there, as the card has no annual fee, no foreign transaction fees — perfect for world travelers — no late fee for your first late payment, no overlimit fee and no penalty APR, which means your interest rate won’t increase if you make a late payment. You will also receive a free copy of your TransUnion FICO credit score on your monthly statements and online account.

What’s more, since Discover is J.D. Power’s top-rated credit card for customer satisfaction, you can expect the best customer service and support. Rounding out Discover it – 21 Month Balance Transfer Offer is access to Discover’s Freeze it feature, which allows you to turn on or off your card, preventing new purchases, cash advances or balance transfers, using Discover’s mobile app or website if you ever lose or misplace it.

Things to consider about Discover it

As you can see, Discover it – 21 Month Balance Transfer Offer is one well-rounded credit card that you can continue to use long after your transferred balance(s) is paid off. Still, if you’re looking for a card with no balance transfer fee or a longer 0% intro APR on purchases, there are some options. Before we dig into these cards, it’s important to note that these alternatives have stricter credit requirements for approval, as they require good credit or better (usually a credit score above 700), and they do not offer cash back rewards, which means they may not be cards you want in your wallet for years to come. That said, if you don’t mind giving up the cash back rewards, these are solid options.

Those looking to avoid a balance transfer fee will appreciate Chase Slate. This card has a 15-month 0% intro APR on balance transfers and purchases, a $0 intro balance transfer fee for transfers completed within the first 60 days (after that, it’s 5%) and no annual fee.

On the other hand, if you want a card with 21-month 0% intro APR on purchases and balance transfers, Citi Simplicity – No Late Fees Ever (a NextAdvisor advertiser) is for you. Although you’ll pay a 3% balance transfer fee, Citi Simplicity – No Late Fees Ever has no annual fee, no late fees and no penalty rate — ever!

Should you apply for Discover it?

Discover it – 21 Month Balance Transfer Offer is perfect for those looking for a card that offers a long 0% intro APR on balance transfers, has no annual fee and earns cash back rewards that make the card worthwhile long after they’ve paid off the transferred balance. Visit our Discover it – 21 Month Balance Transfer Offer review to apply online and learn more about the card.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.