The Discover® More® Card – Balance Transfer Fee* offer is a great opportunity for new account holders wishing to consolidate high-interest credit card debts or store card debts without paying any interest.
Under this offer, you get 0% introductory APR on balance transfers for 18 months (one of the longest in the market)! You’ll also enjoy a 0% intro APR on purchases for the first 6 months of account opening. This promotional card, issued by Discover Financial, is also a rewards credit card, offering you cash back whenever you spend on your card.
Here we do a detailed review of the Discover® More® Card – Balance Transfer Fee*, one of the best credit cards in the US for balance transfers and rewards, and tell you how we rate this card.
Things We Like About This Card
No annual fee. Enjoy the cash back rewards and other exclusive cardholder benefits of this card at no charge at all.
0% introductory APR on balance transfers for 18 months. This is a limited-time promotion only for NEW customers who sign up. For the first 18 months, you will enjoy a 0% introductory APR on all balance transfers. This is a great deal if you plan to take advantage of the introductory 0% balance transfer by transferring your high-interest credit card debt or store card debt to this new card account, so that you pay ZERO interest on your transferred balance for 18 months. This allows you to pay off your existing debt faster as you stop paying interest on it. After those 18 months, your variable APR will be between 10.99% and 20.99%, depending on your credit score. Make sure to pay off all your debts within the 18 months so that you won’t incur the higher non-promotional interest rates. Note that you still have to pay a balance transfer fee of 3% even though you pay no interest.
0% introductory APR on all your purchases. You will also enjoy the benefit of having a 0% introductory APR on all your purchases for 6 months, after that you will have to pay the regular APR, which is between 10.99% – 20.99%, depending on your credit score. Remember that even though you’re in an introductory period and your APR is 0%, you should still make all your payments on time.
Earn 5% Cashback Bonus in rotating categories Unlike many other 0% balance transfer cards, this card offers you cash rewards when you make purchases with it. It can help you save a lot of money by giving you 5% cash back in rotating categories such as gas, travel, restaurants, etc, which change throughout the year. Important note: You must enroll for each 5% program every quarter! If you spend more than the specified amount for each 5% program, the excess will automatically earn up to 1% cash back.
Receive up to 1% unlimited cash back on all other purchases. You will receive an unlimited 1% rebate on all the rest of your purchases, but only once your total annual purchases exceed $3000. Purchases that are part of your first $3000 earn 0.25% rebate. Keep in mind that warehouse purchases or 5% category purchases do not count towards your total annual purchases.
Redeem Cashback Bonus for gift cards, merchandise, or cold hard cash in the form of a direct deposit to your bank account or a credit to your Discover card account in $50 increments, starting at $50.
Get up to double Cashback Bonus. You can earn up to double Cashback Bonus when redeeming your rebates for gift certificates from participating retailers. To give you some examples, a $40 rebate can be redeemed for a $80 Carnival Cruise or $80 Celebrity Cruises gift card or instant eCertificate; a $40 rebate can be redeemed for a $100 certificate from Hyatt Hotels & Resorts; a $20 rebate can be exchanged for a $40 Samsonite gift card!
Rebates don’t expire. Your rebates never expire unless your credit card account is inactive for more than 36 months.
Earn rewards for paying your monthly household bills with your card. Set up automatic recurring payments for your cable, cell phone, insurance, internet etc on your Discover Card, and you earn Cashback Bonus with every bill you pay!
Travel insurance. This credit card can also be very useful for your travels since it provides up to $500,000 in travel accident insurance, as well as car rental insurance and many fraud and security protection services.
$0 Fraud Liability Guarantee. If there are any unauthorized transactions on your Discover® More® Card – Balance Transfer Fee*, you won’t have to pay a single cent for it!
Our Least Favorite Things About This Card
Only receive 1% cash back if you spend more than $3,000 a year. You only start earning the 1% rebate on all your purchases after you spend more than $3,000 during the year. So if you’re not planning on spending so much money, you will get a smaller amount in cash back percentage.
This Discover® More® Card – Balance Transfer Fee* is, without a doubt, the best rewards card in the US that offers the longest period (18 months) of 0% intro APR on balance transfers. This is a promotional card offer that is only for NEW sign-ups who apply. For those who want to consolidate their high-interest credit card debts or store card debts, you should take advantage of this offer because it means you don’t have to pay any more interest on your existing card balance, and have up to 18 months to repay it all – interest free! Not only will it save you tons of money, you will also become debt-free faster.
The Discover® More® Card – Balance Transfer Fee* is also a rewards card, giving you cash back whenever you make purchases or pay bills with this card. This lets you save even more money. With no annual fee, you have even more savings, and have a lot to gain from having this card.
This is not a permanent card offering, so don’t miss it if you want to take advantage of the 18-month 0% balance transfer deal. Apply online for the Discover® More® Card – Balance Transfer Fee*, and you’ll get a response within 60 seconds.
* Disclaimer: See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. The content displayed above is of our own opinion, and is not provided by any financial institution. This content has not been reviewed, approved, or otherwise endorsed by any aforementioned financial institution. Every attempt was made to ensure that the content displayed above is accurate, however it is the reader’s responsibility to read the latest complete terms and conditions of any products listed above.
