Key Points to Consider Before Applying for the Discover It Balance Transfer Credit Card

The Discover It card is designed specifically for balance transfers, offering a 0% introductory APR for the first 15 months of usage.

This card focuses on streamlining balance transfers, simplifying your monthly payments with lower interest rates.

It offers a 0% introductory APR for the first 15 months, with an initial transfer fee of 3%, rising to 5% afterwards.

Once the introductory phase ends, the APR for purchases and balance transfers varies between 17.24% and 28.24%.

Additionally, there’s no annual maintenance fee, helping users save on interest by shifting balances from high-interest cards to Discover’s 0% offer.

This extra money can be used to tackle larger debts, effectively improving your financial situation.

While the idea of balance transfers for interest savings may seem intimidating, Discover promotes it as a smart strategy.

The timing of these transfers will hinge on your account status and payment methods, according to Discover It.

In addition to cost savings by consolidating debts, you’ll also find peace of mind and save time managing multiple payments.

Ultimately, this credit card can be a powerful tool for debt reduction, all without annual fees. If this sparks your interest, keep reading.

Eligibility Criteria

To qualify, applicants must be at least 18 years old and a legal resident. Non-citizens need a valid work visa for identification.

Additionally, the bank expects applicants to demonstrate a reliable source of income, usually from steady employment or benefits.

A strong credit score is crucial for getting approved for a credit card. However, just meeting the necessary criteria doesn’t guarantee you’ll be approved, as Discover evaluates every application individually.

Essentially, Discover follows standard criteria to determine eligibility for credit cards for residents of the United States.

How to Apply for the Discover It Balance Transfer Card?

To begin the application process, simply click the “Apply Now” button on Discover’s website.

Next, you’ll need to confirm your identity by entering the last four digits of your Social Security Number, along with your ZIP Code, and date of birth.

If you want to apply manually, you can choose to “Skip this Step” and go directly to the application form.

In the application, select your desired card design and fill in your personal details like your full name, address, birth date, employment status, monthly rent or mortgage, income, and email.

After you submit your details, the bank will carefully review your application.

During the review, Discover might ask for extra documentation, such as your driver’s license or passport, proof of residence, and bank statements for income verification.

Additional Information

Moreover, this card is versatile, supporting chip, contactless, and digital wallet payments.

Discover offers a wide selection of card designs, with nearly twenty options available to personalize the card according to the holder’s taste.

Hence, the Discover card is an appealing choice not only for balance transfers but also for managing daily finances.

Recently, the card provided cashback rewards of 1% on all purchases and 5% on select purchases, following the Discover It program.

Right now, it’s important to verify the details at the time of signing the card contract, as the company has been updating its policies.

This card offers $0 liability for unauthorized transactions and provides ongoing monitoring of your account activities.

The purpose is to protect customers from data breaches or information theft.

Interested in exploring another option?

The Discover It card is fairly straightforward, and for those seeking a richer and premium experience, the American Express Platinum is an excellent choice.

The classic Amex card offers 150,000 Membership Rewards points and 5x points on flight purchases, and you can find out how to apply.