Discover it® - 21 Month Balance Transfer Offer Review Credit Card 5 2017-02-22 11:13:03

Discover it® - 21 Month Balance Transfer Offer Review

Apply for a Discover it® - 21 Month Balance Transfer Offer card
Bottom Line:
Only card that combines a 21-month 0% intro APR on balance transfers with cash back rewards; Double your cash back at end of 1st year

Full Review:
The Discover it® - 21 Month Balance Transfer Offer card is our only top-rated balance transfer card that offers both a 21-month (wow!) 0% APR and the opportunity to earn significant cash rewards, plus it's ranked as the best card for customer satisfaction by J.D. Power. All of those great benefits and rewards are available to those with average to excellent credit (usually considered to be a credit score above 670)!

If you're paying high interest on your other card balances, Discover it® - 21 Month Balance Transfer Offer card's 21-month 0% intro APR can save you a bunch on interest fees by paying no interest until almost the end of 2018. On top of this, users will enjoy a 0% purchase APR for the first 6 months of card ownership and a low ongoing APR rate.

The cash back rewards are quite generous, with 5% cash back (up to the quarterly max - currently $1,500 - then 1% back) in categories that rotate quarterly, and a standard 1% cash back on all other purchases. From January 1st through March 31st, the 5% categories are gas stations, ground transportation like Uber, Lyft, rental cars, railways and taxis, and wholesale clubs such as Sam's, BJ's and Costco online. Although you do need to sign up each quarter to get the 5% back, Discover features automatic emails you can register for that prompt you to sign up. In addition, at the end of your first year Discover will double all the cash back you've earned. That means if you earned $250 at the end of year one, it will be doubled for a total of $500! This is a huge bonus, literally doubling the 5% back categories to a whopping 10% back, and although it only happens in your first year it's still a great feature that we haven't seen offered by other cash back cards.

Users will receive a free TransUnion FICO® Score on their monthly statement. Getting your TransUnion credit score is a convenient way of staying on top of the TransUnion credit report. This is a terrific feature, but just remember you have a different credit score from each of the 3 credit bureaus, and the Equifax and Experian scores are not provided.

Discover Freeze it is also included with this card. It lets users "freeze" their card from their computer or smartphone, preventing new purchases, balance transfers and cash advances. This is a very convenient feature, particularly if you're in a situation where you can't find your card and you're not quite ready to call and cancel it yet.

World travelers will appreciate that there are no foreign transaction fees when making purchases outside the U.S. This is a nice money-saving feature, and combined with the fact that the card features a smart chip will make international travel more enjoyable.

Discover it® - 21 Month Balance Transfer Offer card is our top-rated choice for anyone who wants to save money with an incredibly lenghthy 0% intro APR for 21 months on balance transfers and also earn some very generous cash back rewards.

Highlights From Discover
  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Earn 5% cash back in rotating categories each quarter like gas stations,, restaurants, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus, unlimited 1% cash back on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your FICO® Credit Score for free on monthly statements and online.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.

  • Discover will automatically double all the cash back you've earned at the end of your first year. This offer is only for new cardmembers.
  • Earn 5% cash back in rotating categories each quarter up to the quarterly maximum (currently $1,500) each time you activate.
  • Earn 1% cash back on all other purchases, with no limit on how much you can earn.
  • Earn 5% to 20% Cashback Bonus through exclusive online shopping mall.

Redeem Rewards
  • Rewards are redeemable in any amount at any time.
  • Deposit into your bank account or credit your Discover card account.
  • Turn your cash rewards into more when you redeem for gift cards or eCertificates from over 100 brand-name Partners.

Fees and APR
  • Annual Fee: $0
  • Foreign Transaction Fee: None.
  • 0% Intro Purchase APR: 0% APR for the first 6 months, then Purchase APR.
  • Purchase APR: 11.49% – 23.49% Variable, depending on creditworthiness.
  • Balance Transfer APR: 0% Intro APR for 21 months, then Purchase APR.
  • Balance transfer Fee: 3% of the amount of each transfer.

Apply for a Discover it® - 21 Month Balance Transfer Offer card

If you have a question or concern we haven't answered on our site, please let us know. Your question will be added to the NextAdvisor Forums so that we and other experts in our community can answer it. Due to volume, we aren't able to respond to every question, but we answer as many as we can.

Card Details

Purchase APR:0% for first 6 months, then 11.49% – 23.49% Variable
Features:5% cash back on purchases within select categories up to the quarterly maximum; 1% on all other purchases
Annual Fee:$0
Credit Needed:Excellent, Good, Average

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