Discover.com/Balancetransfer Discover Balance Transfer Offer
Discover.com/Balancetransfer Discover Credit Card Balance Transfer Offer
Your Discover It credit card has a way for you to save money on interest pay down debt by transferring balances to your Discover credit card account.
If you received an offer in the mail you have the opportunity either write a check that they enclosed towards higher rate credit cards, different loans, or even put it in your own bank where you can visit discover.com/balancetransfer and set up a balance transfer there, unless you prefer to do it by phone you can simply call 1-800-767-7339.
Paying high interest on debt can take an eternity to pay down over the Long Haul. By taking advantage of 0% APR you can really knock down principal a lot quicker. Discover also conveniently offers two separate options for you at the time of this writing you can either accept a 0% offer or 4.99% offer which gives you more time to pay. 0% promo APR is a 12-month repayment period and the 4.99% promo APR is 18 months and there’s also no fee for the 4.99% promo.
Some things to remember are after you make a balance transfer any purchases you make on your Discover It credit card will begin to accrue interest immediately, in addition, you cannot use the balance transfer offer to pay down other debts that are owned by the Discover Network, Discover credit card or Discover Bank.
Balance transfer can take up to 2 weeks to go into effect. You also do not earn rewards on balance transfers.