The Discover it – 21 Month Balance Transfer Offer card has just increased the length of its 0% intro APR on balance transfers from 18 months to a whopping 21 months. That’s right — users will now enjoy 21 months of 0 interest on their balance transfers while also earning cash back rewards on their purchases. We really like the Discover it – 21 Month Balance Transfer Offer card because of its long 0% intro APR on balance transfers, generous cash back rewards and no annual fee — a combination we haven’t seen in other balance transfer cards. These type of great perks and rewards are typically only offered to those with excellent credit, but Discover it – 21 Month Balance Transfer Offer is available to those with average to excellent credit, usually thought to be a credit score above 670.
As mentioned above, you’ll get an astounding 21-month 0% intro APR on balance transfers. This 0% APR will take you all the way to the end of 2018 without having to pay a dime in interest fees on your transferred balance. There is a 3% balance transfer fee, but if you’re paying a high interest rate on your current cards this could be more than worth it. You can find out for sure by using our free and easy Balance Transfer Calculator. If you’re averse to paying this fee, take a look at Chase Slate which has no balance transfer fees for transfers completed in the first 60 days, but a lesser 15-month 0% intro APR on balance transfers and purchases. Discover it – 21 Month Balance Transfer Offer also offers a 6-month 0% intro APR on purchases, which is great for buying anything from that big emergency item or those smaller everyday ones. Those looking for comparable rewards with a longer 0% intro APR on purchases will want to check out the Discover it – Cashback Match, which has the same cash back rewards, charges no annual fee and offers a 14-month 0% intro APR on purchases and balance transfers (with a 3%) balance transfer fee.
The Discover it – 21 Month Balance Transfer Offer card’s cash back rewards are great too — that’s because the rewards make Discover it a card you’ll want in your wallet long after you’ve paid off the transferred balance. You’ll get 5% back in categories that rotate quarterly up to the quarterly maximum (currently $1,500 in combined purchases), and 1% back on all other purchases. Sample past cash back categories have included gas, travel, Amazon.com and home improvement stores. You do need to register to receive the 5% back each quarter, but you can sign up for reminder emails from Discover that will keep you on task. What’s more, at the end of your first year, Discover will automatically match all the cash back you’ve earned! For example, if you earned $300, Discover will double it and give you a total of $600 cash back! That’s a pretty substantial bonus that no other card issuers we review offers. However, if you’re not crazy about enrolling to earn the 5% back and would prefer a card that earns a flat cash back amount on all purchase, consider Chase Freedom Unlimited which earns 1.5% on all purchases, features a $150 bonus potential and has a 15-month 0% intro APR on purchases and balance transfers (with a 5% balance transfer fee).
The fact that Discover it – 21 Month Balance Transfer Offer is offered to those with average to excellent credit makes this a very appealing card to a wide audience of potential users. Even if you have a less-than-perfect credit history, you may still qualify for all the great benefits this card offers.
Overall, we recommend Discover it – 21 Month Balance Transfer Offer to anyone with average or above credit looking for a card that has both cash back rewards and a generous balance transfer period. That said, if you’d prefer a card without rotating categories or one that doesn’t have balance transfer fees for the first 60 days (but has a shorter 0% intro APR period), take a gander at the cards mentioned above.
Read our Discover it – 21 Month Balance Transfer Offer review to learn more and apply online. Also, make sure to check out all of our balance transfer card reviews to see how this card stands up to its competition.
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