Discover How to Apply for the Discover It Balance Transfer Credit Card
The Discover It credit card emphasizes offering advantageous balance transfer options to help you consolidate your debts!
Key Insights Before You Apply for the Discover It Balance Transfer Credit Card
The Discover It card is specifically designed for balance transfers, offering a 0% introductory APR for the first 15 months of use.
The Discover card primarily focuses on facilitating balance transfers, which can help simplify monthly payments and lower interest costs.
It features a 0% introductory APR for the first 15 months, with an initial transfer fee of 3% and 5% thereafter.
Post-introductory, the APR for purchases and balance transfers varies between 17.24% and 28.24%.
Additionally, the card does not charge an annual fee, which can help users save significantly on interest by transferring high-interest balances to the Discover card.
This saved amount can be redirected towards paying down larger debts, aiding in financial stability.
While the idea of transferring balances to save on interest might seem intimidating, Discover reassures that it’s an effective strategy.
According to Discover It, the timing of balance transfers is contingent on account conditions and payment methods.
Besides saving costs by consolidating debts, users also enjoy peace of mind and decreased time spent managing multiple payments.
The credit card can significantly aid in debt reduction without charging an annual fee, so if you’re interested, keep reading.
Eligibility Criteria
To qualify, applicants must be at least 18 years old and a legal resident. Non-citizens should provide a valid work visa for identification.
Additionally, the bank expects applicants to possess a reliable source of income, typically derived from stable jobs or benefits.
Having a solid credit score is crucial for getting card approval. That said, meeting the requirements doesn’t always guarantee you will be approved, as every application is subject to Discover’s evaluation process.
Essentially, Discover follows common eligibility guidelines for issuing credit cards to residents in the United States.
How Can I Apply for the Discover It Balance Transfer Credit Card?
To initiate the card application, simply click on the “Apply Now” button found on Discover’s website.
Next, confirm your identity by providing the last four digits of your Social Security Number, along with your ZIP Code and date of birth.
If you choose to apply manually, you can opt to “Skip this Step” and go directly to the application form.
On the form, select your preferred card design and fill in your personal details, including your full name, address, date of birth, employment status, monthly rent or mortgage, income, and email address.
Once you submit your details, the bank will thoroughly review your application.
During this time, Discover might ask for further documentation, such as a copy of your driver’s license or passport, proof of residence, and bank statements to confirm your income.
Additional Information
Moreover, the card is versatile, supporting chip, contactless, and digital wallet payments.
Discover offers a wide array of card designs, providing around twenty options to customize the card according to the cardholder’s tastes.
This makes the Discover card an appealing choice not just for balance transfers, but also for daily financial management.
Recently, the card provided cashback rewards of 1% on all purchases and up to 5% on select transactions, according to the Discover It program.
At present, it’s important to verify the terms when signing the card contract, as the company has been updating several policies.
This card offers benefits like $0 liability for unauthorized transactions and ongoing monitoring of your account.
The aim is to protect customers from data breaches or information theft.
Curious about another option?
The Discover It card is quite straightforward, but if you desire a more extensive and premium experience, the American Express Platinum is an excellent choice.
The Amex classic provides 150,000 Membership Rewards points and 5x points on airfare, plus you can discover how to apply.
