Key Insights Before Applying for the Discover It Balance Transfer Card

The Discover It card is specifically designed for balance transfers, featuring a 0% introductory APR for the first 15 months after activation.

The Discover card primarily focuses on enabling balance transfers, simplifying monthly payments from other credit cards while reducing interest costs.

It provides a 0% introductory APR for the first 15 months, with an initial transfer fee of 3% and a subsequent fee of 5% thereafter.

After this introductory phase, APR rates for purchases and balance transfers will be between 17.24% and 28.24%.

Additionally, the card does not charge an annual fee, enabling users to save on interest by shifting balances from higher-rate cards to Discover’s 0% offer.

This extra cash can be utilized for paying off larger debts, helping to bring financial stability.

While the idea of balance transfers for interest savings might seem intimidating at first, Discover assures that it’s a smart strategy.

The timing for balance transfers is subject to account conditions and payment methods as stated by Discover It.

By consolidating your debts onto this card, you not only cut costs but also gain peace of mind and save time spent on multiple payments.

This way, the credit card can play a significant role in debt reduction, all without charging an annual fee. If this appeals to you, keep reading.

Eligibility Criteria for Applicants

The basic requirement is that applicants must be at least 18 years old and a legal resident. Non-citizens need to show a valid work visa for identity verification.

Furthermore, the bank expects applicants to have a reliable income source, generally from consistent employment or benefits.

Having a solid credit score is crucial for getting your card approved. However, meeting these standards doesn’t automatically mean you’ll be approved, as each application is evaluated by Discover.

Essentially, Discover follows common eligibility requirements when issuing credit cards to residents of the United States.

How Can I Apply for the Discover It Balance Transfer Card?

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

Then, you can confirm your identity by providing the last four digits of your Social Security Number, your ZIP Code, and your date of birth.

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

On the form, you’ll select the card design you prefer and input personal details like your full name, address, date of birth, job status, monthly housing costs, income, and email address.

After you submit your information, the bank will thoroughly review your application.

During this process, Discover might ask for extra documents, such as your driver’s license or passport, proof of residence, and bank statements to verify your income.

Additional Information

Moreover, the card supports chip, contactless, and digital wallet payments.

Discover offers a wide selection of almost twenty card designs, allowing users to personalize their cards as much as possible.

Thus, the Discover card is an appealing choice not just for balance transfers but also for daily financial management.

Recently, the card has provided cashback rewards of 1% on all purchases and 5% on certain eligible purchases, as per the Discover It program.

At present, it’s essential to verify the terms when 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.

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

Curious about another option?

The Discover It card is pretty straightforward, but if you seek a more robust and premium experience, the American Express Platinum is an excellent choice.

The Amex classic offers 150,000 Membership Rewards points and 5x points on airfare, and you can discover how to apply.