Discover it® Balance Transfer Offer

Our lowest intro APR on balance transfers and purchases

Get x% Intro APR† for x months on purchases and balance transfers; then x% to x% Standard Variable Purchase APR applies. x% Intro Balance Transfer Fee until and up to x% fee for future balance transfers.

†See rates, rewards, fees, and other cost information > , Opens new window
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How can balance transfer offers help you?

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Save money on credit card interest

If you transfer a balance from a high-interest credit card to a Discover Card with an introductory 0% APR balance transfer offer, you can use the money you save on interest charges to pay down your debt.

Pay down your current credit card debt

When you consolidate all your higher-rate credit card debt--or other outstanding debts--with a Discover balance transfer offer, you end up with a single monthly payment and may reduce how much you pay in interest in the long run. Instead of making multiple payments to different debts every month, you can now make a single lump payment every month to Discover and pay down your consolidated debt.

How to choose the best balance transfer
credit card offer

If you're planning to take a credit card balance transfer for debt consolidation, there are three important factors to look for. Compare these three offer areas from each credit card issuer to find the best balance transfer offer for your debt.

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Man wearing glasses, drinking from a large mug and pointing

A good balance transfer offer should have an intro APR that is a lower interest rate than what you pay on your current debt. Compare offers to see which has the longest intro rate period before your balance converts to a regular APR: once the intro period ends, you'll be subject to a standard interest charge on any remaining balance.

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Young boy hugs his seated grandpa around the neck and kisses his cheek

Some balance transfer credit card offers have a balance transfer fee, so it’s important to consider that as part of the cost of a balance transfer, even if the balance transfer comes with a low APR. But it’s also important to remember that when you open a new credit card by taking a balance transfer offer you’re opening a financial account that you can use beyond the terms of the balance transfer. That’s why it’s a good idea to check what other credit card fees might be applied to different kinds of transactions or to keep the account open year after year. Discover credit cards have no annual fee, but that’s not true for all credit cards issuers who have balance transfer offers.

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Two women in floppy hats and sundresses walk with arms linked

Does the credit card company offer cash rewards on purchases, or a welcome bonus reward to new cardmembers? Are you able to redeem the rewards in ways that are valuable to you? What kind of customer service does the card issuer provide? Look for these details, as well as security features and benefits that make the card one that you’ll keep and use beyond the balance transfer. The longer you have and use an active credit card account responsibly, even if it’s one that you originally opened for a balance transfer, the more that account can influence your credit report and credit score.

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Get a Discover Card balance transfer offer

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Where can you find a balance transfer offer?

You may find balance transfer offers when you consider opening a new credit card account. In other cases, an existing credit card account might give you a balance transfer offer to use with your current line of credit. Either way, it’s important to know that even if you open a new account with a balance transfer offer, you might not always have a balance transfer offer on that credit card account. Card issuers evaluate customer accounts to determine whether a current customer is eligible for a balance transfer offer.

Pay down higher-rate credit card debt and save money on interest

with a low intro APR balance transfer from Discover it® Cash Back Credit Card

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No annual fee

A balance transfer can even help protect your personal information

$0 Fraud Liability Guarantee

You're never responsible for unauthorized purchases on your Discover Card.1

Online Privacy Protection

Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.2

Social Security Number Alerts

Get an alert if we find your Social Security number on any of thousands of Dark Web sites.3 Activate for free.

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Questions about credit card balance transfers

Yes, potential new cardmembers can apply for a Discover it® Cash Back Card and take advantage of a balance transfer offer. This lets you move balances from your existing credit card accounts to a new Discover credit card account. If you’re already a Discover Cardmember, you can log in to your account online to see if you have a credit card balance transfer offer available to you to transfer outstanding debt with other companies to your Discover Card.

A balance transfer is a method of debt consolidation where you combine existing credit card debt and other qualifying debts within one single credit card. This can happen at account opening using a balance transfer offer, or as a promotion from your current credit card issuer.

You can review your balance transfer offer to learn how long it will take for your other debts to be moved to your new account, but the timing may depend on the status of your debt accounts or the ways that they are paid.

 

Once you take a balance transfer offer, you have a set amount of time that the balance is subject to the intro promo APR. That amount of time is defined with the original balance transfer offer. Once that time is up, if you haven’t repaid the transferred amount, it is subject to the standard APR.

If you accept a balance transfer offer, the credit card account will combine the other debts that you want to consolidate, up to the available credit line, and add them to the new account’s balance. You then pay the new account to repay the outstanding balance. This is especially helpful if you have high-interest debt that is more than you can pay in one billing cycle: by using a lower-interest intro rate balance transfer offer, you can pay down your debt over time without accruing as much interest.

 

There are different ways that your outstanding debts may be consolidated within a new account. Some credit card issuers may allow you to deposit the money that you need into your checking account so that you may pay your creditors. In other cases, to take a balance transfer offer you must provide the account information where your other debts are held, and the balance transfer account will pay those creditors directly from your new account. 

 

In both cases, your new credit card account will have an outstanding balance equal to the amount that you transferred, any transfer fees, and any interest that you have accumulated per the intro APR.

With a balance transfer offer, you likely will pay a low or 0% APR for an introductory period on your transferred balance when you adhere to the payment schedule. But when you originally transfer the balance, you may pay a balance transfer fee. This is a charge that equals a set percentage of the total transferred balance and adds it to your total balance. There may be an intro balance transfer fee for a limited period of time from when the initial balance is transferred which may be different than the standard balance transfer fee that would be applied to other offers.

 

For example, if you have $1,000 of debt that you want to transfer to a balance transfer credit card, and the offer includes a 5% transfer fee, the total amount that you will need to repay on the new credit card is $1,050.

A balance transfer can affect your credit score in a few ways. When you apply for a new credit card, that hard inquiry will show up on your credit report. Additionally, when you open a new account and add to the amount of available credit (or total credit line), this may lower your debt-to-credit ratio—as long as you don’t continue to add to the amount of debt that you owe. And if you manage your new debt consolidation credit card responsibly, make your payments on time, and pay off all of your outstanding debt, that can also have an impact on your credit score.

Like so many financial decisions, only you can be sure if a balance transfer is right for you. Different credit card companies have different introductory interest rate offers and transfer fees on their balance transfers, so it’s up to you to do your research and determine if there’s a best credit card balance transfer offer for you. 

 

Get x% APR† for 15 months on balance transfers and purchases. 3% Intro fee on balances transferred by . Then x% to x%  Standard Variable Purchase APR and up to 5% fee  for future balance transfers will apply.

 

†See rates, rewards, fees, and other cost information

Yes, a balance transfer credit card offer makes it possible for you to transfer balances from one credit card to another credit card. But it’s important to know that most credit card companies won’t allow you to transfer balances from one of their branded credit cards to another credit card in their own brand.

Yes, Discover has a balance transfer fee.

If you take a balance transfer offer with Discover, you not only get a low intro APR on transferred balances but you also have a new credit card account that you can use even after you’ve paid off your transferred balance. You can make a single new monthly payment, and you don’t have to pay off the entirety of the balance within a set period of time—but are expected to make at least your minimum monthly payments like you do with any credit card.

 

A personal loan is a loan for a specific amount of money to be repaid in a specific period of time, with a repayment plan established at the outset. Your monthly payment plan is designed to be a consistent amount every month that, if you adhere to the payment schedule, means that your entire outstanding debt is repaid at the end of the loan term.
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Learn more about balance transfer credit card offers

What is a balance transfer credit card?

 

A balance transfer credit card offer can help you pay off higher interest rate debt. Understand the tools you need to make a credit card balance transfer work for you.

Can a balance transfer affect my credit score?

 

Learn how balance transfers affect credit score. In this article, Discover analyzes the relationship between balance transfers and your credit score.

Have balance transfer questions?

 

These balance transfer FAQs can help you understand what's involved with credit card balance transfers.

View all Balance Transfer Articles

Cash Back Credit Cards

Intro purchase APR is x% for x months from date of account opening then the standard purchase APR applies. Intro Balance Transfer APR is x% for x months from date of first transfer, for transfers under this offer that post to your account by  then the standard purchase APR applies. Standard purchase APR: x% variable to x% variable, based on your creditworthiness. Cash APR: x% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: x% Intro fee on balances transferred by  and up to x% fee for future balance transfers will apply. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

  1. $0 Fraud Liability: An “unauthorized purchase” is a purchase where you have not given access to your card information to another person or a merchant for one-time or repeated charges. Please use reasonable care to protect your card and do not share it with employees, relatives, or friends. Learn more at Discover.com/fraudFAQ.

  2. Online Privacy Protection: Online Privacy Protection is offered by Discover Bank at no cost and only available in the mobile app. About every 90 days we will scan at least 10 people-search sites for your online personal information and help you submit opt-out requests. Types of personal information found on these sites will vary.

  3. Discover® Identity Alerts (Alerts) are offered by Discover Bank at no cost, are available only online, and do not impact your credit score. The Alerts currently provide: (a) daily monitoring of your Experian® credit report and an alert when a new inquiry or account is listed on your report; (b) daily monitoring of thousands of Dark Web sites known for revealing personal information and an alert if your Social Security Number is found on such a website. Alerts are only provided to Primary cardmembers who agree to receive them online and whose accounts are open, in good standing, have a Social Security Number, and an email address on file. This benefit may change or end in the future. Discover Bank is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. To see a list of Frequently Asked Questions, visit discover.com/freealerts.

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