Is The Discover it Balance Transfer Card Worth It?

For consumers looking to pay down existing debt while also earning rewards, the Discover it® Balance Transfer card is a solid choice. For no annual fee, you’ll get access to an introductory zero-interest offer on balance transfers, as well as a shorter offer on new purchases, while earning cash back rewards on rotating categories.

If you’re interested in taking advantage of the Discover it Balance Transfer’s 18-month 0 percent intro APR on balance transfers (12.24 percent to 23.24 percent variable APR after the fact), it’s beneficial to evaluate the pros and cons of this balance transfer card to determine if it’s a good fit for your spending style. Read on to learn whether or not the Discover it Balance Transfer card is worth it for you.

When is the Discover it Balance Transfer card worth it?

The Discover It Balance Transfer credit card has a few benefits that can make it worth it for the average consumer looking to pay down debt. Here’s a look at everything from its zero-interest offers, cash back rewards and unique welcome bonus.

You need a long 0% intro APR offer on balance transfers

This Discover card offers one of the longer introductory balance transfer periods available—0 percent intro APR on balance transfers for 18 months, followed by a variable APR between 12.24 percent and 23.24—as well as a short 0 percent intro APR on new purchases for 6 months.

For those looking to pay down existing balances over time while avoiding costly interest rates, this card is certainly worth it. Especially since there is no annual fee for owning the card, and the money you’ll save on interest can easily offset the card’s 3 percent balance transfer fee (up to 5 percent on future transfers, see terms).

What’s also notable about this card is that the variable APR (or the interest rate you’ll be charged after the introductory period ends) is quite reasonable compared to other balance transfer cards on the market. If you’re unsure whether you’ll be able to pay off your balance within the…

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