+ Reply To This
Results 1 to 8 of 8
11-16-2016, 09:10 AM #1
Discover it No Fee Balance Transfer Offer
Discover it currently has a introductory 0% APR on purchases and new transfers that includes a $0 intro fee for all balances transferred by July 10, 2017. (That transfer fee is normally 3%).
There aren't many rewards cards out there that ever offer a no fee transfer, so you may want to take advantage of this opportunity.
After that intro period expires, normal APRs range from 11-24% - 15.24% variable - which is very reasonable by industry standard. (But I still recommend using the intro period to get that balance paid down as much as possible, if not paid off.)
And being an it card, you will still get Discover's great customer service, cutback rewards, first year "cutback match" and everything else you expect from Discover.Need a Card to Build/Rebuild Your Credit With? Read This >> Best Credit Cards For Building Your Credit
11-16-2016, 10:47 AM #2
These no fee 0% transfer offers are getting harder to find. So thanks.
FYI, other ones I've seen are Chase Slate (no rewards program) and Capital One Quicksilver One (1.5% cutback, $39 annual fee, average credit okay).
11-16-2016, 04:40 PM #3
Has anyone looked into whether you can take out the it card on Amazon, snag the $50 gift card offer, and still receive the BT intro deal?
11-16-2016, 06:20 PM #4
Just checked on Amazon for Discover it card.
It specifically states:
0% intro APR on purchases & balance transfers for 12 months-then a variable purchase APR applies, currently 11.24% - 23.24%. A 3% fee applies to each transferred balance.
Unless your balance transfer amount is more than $1,667, it makes sense to apply via Amazon and get the $50 gift card.
11-17-2016, 03:02 PM #5
You can't have it all. But if I had a balance to transfer, regardless of amount, I'd go with no fee transfer. My reasoning is that I want all my spending to go to cash back to apply towards the balance. And I want that balance to be as small as possible.
I know it does not work out by the math, but in this case, there is a psychological factor.
11-18-2016, 02:07 PM #6
If you're on the fence, get this card. Discover's customer service is top notch. No other no fee transfer card can match that.
11-22-2016, 05:23 PM #7
I also support lathinkers idea that you pay off your balances rather than go for the gift card. The gift card may even encourage you to spend money on things you don't need - which exacerbates the situation.Bad Credit? Read This >> The Ultimate List of Resources For Building Your Credit
12-05-2016, 08:12 AM #8
Does anyone have a link for this offer?