See How to Apply for the Discover It Balance Transfer Credit Card

What do I need to know before applying for a Discover It Balance Transfer Credit Card?

The Discover It Balance Transfer card is the credit card that offers a 0% introductory APR for 15 months on balance transfers and purchases, along with 5% cash back on purchases selected by Discover.

The primary focus of this Discover card is on balance transfers, which are used to consolidate monthly payments from other credit cards and save money on interest.

How does it work?

This card offers a 0% introductory APR for the first 15 months, along with a 3% transfer fee in the first few days and 5% thereafter.

By transferring the balance from a credit card with a higher interest rate to Discover with a 0% rate, you save money on interest.

And precisely, this saved money can be used to pay off a larger portion of the debt and balance the accounts.

After the 15-month period, the applicable APR rates for purchases vary between 17.24% and 28.24% for both purchases and balance transfers.

Indeed, conducting balance transfers to save money on interest may not be the easiest task at first glance, but according to Discover itself, it’s an interesting strategy.

If you have many doubts, you’ll have access to the bank’s customer service team to better understand the entire process.

The card does not charge an annual maintenance fee.

Who can Apply?

Discover has standard requirements for issuing credit cards to the American public.

The basic requirement is to be a citizen over 18 years old. In the case of being a foreigner, a valid work visa is required to confirm identity.

The bank also requires you to have a verifiable source of income, especially with steady employment or benefits.

Having a good to excellent credit score is also essential to getting the card. The bank emphasizes that even if you meet the conditions, all applications are subject to Discover’s availability.

How do I Apply for the Discover It Balance Transfer Credit Card?

To apply for the card, you need to select the “Apply Now” button directly on Discover’s online platform.

Subsequently, you can verify your name by providing the last 4 digits of your Social Security Number, ZIP Code, and date of birth.

If you want to apply on your own, simply select the “Skip the Step” option to access the form.

To fill out the form, you need to select the card design and provide personal information such as your full name, address, date of birth, employment status, monthly rent or mortgage expenses, monthly income, and email address.

After submitting the information, the bank will conduct a thorough check of the application.

During the application process, Discover may request the submission of documents, such as a copy of your driver’s license or passport, proof of residence, and bank statements for income verification.

If you have any questions, you can contact Discover via chat or other company contact channels.

More Details

The Discover It Balance Transfer Credit Card offers 1% cash back on all eligible purchases, with rewards that can be redeemed at any time and do not expire.

Discover has a seasonal 5% cash back program for selected purchases, ranging from supermarkets and restaurants to travel benefits.

To access the program valid for the month, you need to check on the official website or receive contact emails from the bank after obtaining the card.

The card is also quite comprehensive, offering chip, contactless, or digital wallet usage.

Another common benefit of Discover is the choice of card design from nearly two dozen options, aiming to personalize the card to the cardholder’s liking as much as possible.

Want to learn about another option?

The Discover It offers a comprehensive credit card for students looking to start their credit journey, with cashback offers of 1% and 5% depending on the type of purchase.

Therefore, if you are a duly enrolled student at a higher education institution, you can see all the information on how to apply.

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