Updated: Dec. 21, 2018

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 and a half? Sounds too good to be true? The Discover it Balance Transfer card makes this a reality, offering a whopping 18-month 0% intro APR on balance transfers and a 6-month 0% intro APR on purchases. While there is a 3% balance transfer fee, it’s likely that this one-time 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 credit score of 670 or higher). 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?

The Discover it Balance Transfer card 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 each quarter you activate (up to the quarterly maximum, currently $1,500, then it’s 1%) and 1% on all other purchases. Rotating categories require activation each quarter (Discover will remind you when it’s time), but they allow you to earn extra cash back on a handful of purchases throughout the year, giving you some serious rewards potential. For example, categories for 2018 include gas stations and wholesale clubs from January to March, grocery stores from April to June, restaurants from July to September as well as Amazon.com and wholesale clubs from October to December. Sweetening the cash back rewards is Discover’s Cashback Match feature, which automatically matches all of the cash back you’ve earned at the end of your first year as a new cardholder. This means if you’ve earn $400 back in your first year, Discover will match that $400 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 the Discover it Balance Transfer card don’t stop there, as it 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 Balance Transfer 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. What’s more, Discover provides cardholders with a free identity theft protection service that monitors their TransUnion credit report for misuse of their social security number and any new accounts opened in their name.

Things to consider about Discover it

As you can see, Discover it Balance Transfer 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 straightforward balance transfer credit card, meaning it doesn’t earn rewards on purchases, that offers a long 0% intro APR on both purchases and balance transfers the Wells Fargo Platinum Visa Card may be a better fit for you. Before we dig into this card, it’s important to note that this alternative has stricter credit requirements for approval, as it requires good credit or better (usually a credit score above 700). If your credit is almost perfect, consider the Wells Fargo Platinum Visa Card, which has an 18-month 0% intro APR on purchases and balance transfers (with a 3% intro balance transfer fee for 120 days, then it’s 5%), along with no annual fee. What’s more, cardholders who use their Wells Fargo Platinum Visa Card to pay their monthly cell phone bill will also receive up to $600 protection against covered damage or theft (with a $25 deductible per claim and a maximum of 2 claims per year).

Should you apply for Discover it?

Discover it Balance Transfer 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 Balance Transfer review to 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.