Discover How to Apply for the Discover It Balance Transfer Credit Card
The Discover It credit card is mainly designed to offer advantageous terms for balance transfers, making it easier to consolidate your debts!
Essential Insights Before You Apply for the Discover It Balance Transfer Credit Card
The Discover It card is specially designed for balance transfers, offering a 0% introductory APR for the first 15 months after you open your account.
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The Discover card primarily focuses on simplifying balance transfers, allowing you to combine payments from other credit cards and lower interest costs.
It features a 0% introductory APR for the first 15 months, with an initial transfer fee of 3%, which increases to 5% after that.
Once the introductory period ends, the APR for purchases and balance transfers will range between 17.24% and 28.24%.
Additionally, there’s no annual maintenance fee, helping cardholders save significantly on interest by transferring balances from higher-interest cards to Discover’s 0% rate.
This extra savings can be redirected towards paying off larger debts, effectively balancing your finances.
While the idea of balance transfers to reduce interest might seem intimidating, Discover reassures that it’s a valuable strategy.
Discover It outlines that the timing of balance transfers will depend on your account status and payment methods.
By consolidating your debts on this card, you not only save costs but also enjoy peace of mind and reduce time spent managing multiple payments.
Ultimately, this credit card is a great tool for debt reduction, all while avoiding an annual maintenance fee. If this interests you, keep reading.
Who is Eligible to Apply?
The fundamental criteria is being at least 18 years old and a legal resident. Non-citizens need to provide a valid work visa for identity confirmation.
Additionally, the bank expects applicants to show a consistent source of income, typically from stable jobs or benefits.
Keeping a solid credit score is crucial for getting your card approved. However, even if you meet these standards, approval isn’t guaranteed since all applications are evaluated by Discover’s review system.
Essentially, Discover follows the typical eligibility guidelines for issuing credit cards to residents of the United States.
How Can I Apply for the Discover It Balance Transfer Card?
To begin your application, simply click the “Apply Now” button on Discover’s website.
Next, confirm your identity by providing the last four digits of your Social Security Number, ZIP Code, and your date of birth.
If you prefer to apply manually, you can choose to “Skip this Step” and go straight to the application form.
In your application, select your desired card design and fill in personal details like your full name, address, date of birth, job status, monthly rent or mortgage, monthly income, and your email address.
Once you send in your details, the bank will carefully review your application.
Throughout the application process, Discover may ask for additional documents, such as a copy of your driver’s license or passport, proof of your address, and bank statements to verify your income.
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Additional Information
The card is versatile, allowing for chip, contactless, and digital wallet payments.
Discover offers a wide variety of card designs, with nearly twenty different options to personalize your card according to your tastes.
Thus, the Discover card is an appealing option not just for balance transfers but also for managing everyday finances.
Until recently, this card offered 1% cashback on all purchases and up to 5% on select categories, as part of the Discover It rewards system.
At the moment, it’s essential to verify the terms when signing the card contract, as the company has been updating its policies.
This card provides $0 liability protection for unauthorized transactions and offers ongoing account activity monitoring.
Its primary aim is to protect customers from data breaches or information theft.
Interested in exploring another option?
The Discover It card is fairly straightforward, but if you seek a more robust and premium service, 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 find out how to apply.
