Home Topics Finance Discover Relaunches Balance Transfer Card on NerdWallet

Discover Relaunches Balance Transfer Card on NerdWallet

Discover’s recently unavailable credit transfer credit card is re-accepting applications. Right now, NerdWallet is the only place it’s available online.

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The current APR offer on the Discover it® Balance Transfer – NerdWallet Exclusive! is as follows: 0% intro APR for purchases for 6 months and 0% intro APR for balance transfers for 18 months and then the current APR of 11.99% – 22.99% variable APR.

Note that the card charges a fee of 3% for introductory credit transfers and up to 5% for future credit transfers (see terms and conditions).

The Discover it® Balance Transfer – NerdWallet Exclusive! also offers something rare for a credit transfer card: increased Cashback Daily expenses rewards. This gives you a reason to keep the card long after the 0% period has expired.

NerdWallet exclusive

Many credit card companies have tried to reduce their business risk through during the pandemic Reduction of the balance transfer offersalthough these offers have slowly returned. In case of Discover it® Balance Transfer – NerdWallet Exclusive!The return will initially be limited to one online marketplace, NerdWallet.

Nerd tip: Discover offers a similar card with the same reward structure but an APR introductory period that is longer for purchases and shorter for balance transfers. This card is the one Discover it® Cash Back.

Details: Discover it® Balance Transfer – NerdWallet Exclusive!

APR entry: 0% intro APR for purchases for 6 months and 0% intro APR for balance transfers for 18 months and then the current APR of 11.99% – 22.99% variable APR.

Remaining transfer fee: 3% introductory fee for the introductory amount; up to 5% on future balance transfers (see conditions).

  • 5% cashback on rotating quarterly categories on purchases up to $ 1,500 per quarter (activation required); 1% afterwards. Bonus categories in the past have included gas stations, wholesale clubs, restaurants, and more. (See below for current bonus categories.)

  • 1% cashback on all other purchases.

  • Note: Rewards are only earned for purchases, not balance transfers.

Bonus offer: Discover offers a unique and potentially lucrative bonus for new card members, which the publisher formulates as follows: “INTRO OFFER: Unlimited cashback match – only from Discover. Discover will automatically match the total cashback you earned at the end of your first year! There are no minimum expenses or maximum rewards. You could turn $ 150 cash back into $ 300.“”

Foreign transaction fees: None.

Explore bonus award categories for 2021

• Super Market *. • CVS. • Walgreens.

* The grocery store category includes Walmart Grocery Pickup & Delivery, but does not include grocery purchases within Walmart or other superstores such as Target or wholesale clubs.

• Gas stations. • Wholesale clubs. • Select Streaming Services.

• Restaurants. • PayPal.

• Amazon.com. • Target.com. • Walmart.com.

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