Discover It Balance Transfer Credit Card Application Guide
The Discover It credit card emphasizes offering advantageous terms for balance transfers, making it easier to consolidate your debts!
Key Points Before Applying for the Discover It Balance Transfer Credit Card
The Discover It card is designed specifically for balance transfers, offering a 0% introductory APR for the first 15 months.
The Discover card primarily focuses on facilitating balance transfers, which help simplify monthly payments and reduce interest costs from other cards.
This includes an introductory 0% APR for the first 15 months, with an initial transfer fee of 3% and 5% afterwards.
Once the introductory period concludes, the APR for purchases and balance transfers varies between 17.24% to 28.24%.
Additionally, the card has no annual fee, which allows users to save significantly by transferring balances from high-interest cards to the Discover’s 0% rate.
This extra money can be redirected towards paying off larger debts, helping to stabilize finances.
While the idea of balance transfers to save on interest may seem intimidating, Discover assures it’s a valuable strategy.
According to Discover It, the timing of balance transfers is influenced by account status and payment methods.
Not only does consolidating debts on this card save money, but it also offers peace of mind and less time spent managing multiple payments.
This credit card can significantly help in lowering debts without an annual fee. So if you’re interested, keep reading!
Who is Eligible to Apply?
The primary criteria include being at least 18 years old and a legal resident. Non-citizens must show a valid work visa for verification.
Additionally, the bank expects applicants to have a reliable source of income, usually from stable jobs or benefits.
Having a solid credit score is vital for getting card approval. Still, meeting the criteria doesn’t ensure you’ll be approved, as every application is evaluated by Discover.
Essentially, Discover follows standard eligibility requirements for issuing credit cards to residents of the United States.
How to Apply for the Discover It Balance Transfer Card?
To begin your application, just click the “Apply Now” button on the Discover website.
Next, you can confirm your identity by inputting the last four digits of your Social Security Number, your ZIP Code, and your date of birth.
If you wish to apply manually, feel free to “Skip this Step” and go directly to the application form.
In the application form, choose your desired card design and fill in personal details such as your name, address, date of birth, job status, monthly rent or mortgage, income, and email.
Once you submit your information, the bank will thoroughly review your application.
Throughout the application process, Discover may ask for extra documents, like a copy of your driver’s license or passport, proof of address, and bank statements to verify your income.
Additional Information
Moreover, this card is versatile, supporting chip, contactless, and digital wallet payments.
Discover offers a wide variety of card designs, nearly twenty options to customize the card to individual tastes.
Thus, the Discover card is an appealing choice, not just for balance transfers but also for everyday spending.
Recently, the card has provided cashback rewards of 1% on all purchases and 5% on qualifying transactions, as per the Discover It program.
For now, it’s important to verify at the time of signing the card contract, as the company has been altering some of its policies.
The card offers benefits like $0 liability for unauthorized transactions and ongoing monitoring of your account activities.
The aim is to protect customers from information leaks or theft.
Interested in exploring another option?
The Discover It card is fairly straightforward, but if you desire a more extensive and premium experience, the American Express Platinum is an excellent choice.
The Amex classic offers 150,000 Membership Rewards points and 5x points for airfare purchases, plus you can see how to apply.
