discover it chrome card balance transfer

If you dine out frequently or spend a lot of time driving, the Discover it chrome credit card could be a lucrative addition to your wallet — especially in the card’s first year. Few balance transfer cards earn rewards, and this is what sets the Discover it® Balance Transfer apart from its competitors. All Rights Reserved. Make sure you carefully read the fine print and are fully aware of any fees. This means you should make payments to your creditor(s) until the balance transfer … DISCOVER IT CASH BACK VS DISCOVER IT CHROME: INTEREST RATE. That would bring the max bonus cash back you could earn with the Discover it® Cash Back card up to $600 and up to $160 for the Discover it® chrome — a $440 difference. NerdWallet strives to keep its information accurate and up to date. Details for each card are below:Discover it® Balance Transfer CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. But if you’re a student with limited credit , who spends a lot on gas and dining, you might find it useful. Low intro APR 0% Intro APR † for 14 months on purchases and balance transfers. There are limits to balance transfers with Discover credit cards, according to the company. Find out all about the Discover it® Balance Transfer - we'll provide you with the latest information and tell you everything you need to know to find your perfect card. on Discover's website, or call (800) 347-0264. They offer 0% for 14 months on purchases and 0% for 14 months on balance transfers (balance transfer fees apply). Balance transfer fee: 3% of the amount of each transfer if transferred during the intro period, 5% thereafter (see terms). Privacy Policy, Essential news and expert tips in your inbox every week. 3% Balance transfer fee. See related: How does a balance transfer affect your credit score? A good card for consumers who like to spend their evenings and weekends dining out, the Discover it chrome credit card rewards restaurant-goers with 2 percent cash back on dining purchases and 1 percent cash back on general purchases. For example, a balance of $1,000 could cost up to $30 in transfer fees. Get the Discover it® chrome card today. Discover it Balance Transfer charges a fee of up to 3% on balance transfers. Discover it® chrome. Also worth considering are the Discover it® Cash Back, and Discover it® chrome. Discover won’t charge a late fee on your first late payment and won’t charge a … For a card with no annual fee, the Discover it Balance Transfer card's rewards are generous, albeit selective about the spending that earns the highest cash-back rate. The Discover it® chrome card fits better for people that are looking to get approved with fair credit, enjoy eating at restaurants and fill up gas constantly to commute to work. The Discover it Chrome card offers simple, and fairly valuable, cash back rewards at gas stations and restaurants. You can find all APR rates at the rates & fees table below… Discover It Chrome Card is providing good … Lenders in general consider FICO scores of 740 or higher to be strong ones. But Discover officials don’t divulge what credit scores they look for when determining who qualifies for credit and balance transfers. Also worth considering are the Discover it® Cash Back, and Discover it® chrome. If you transfer that balance to a credit card that offers a 0 percent introductory APR for 12 months on balance transfers, the new card may charge a transfer fee, typically around 3 percent of the balance. Related posts: Chase Ink Bold Business Card Review: Earn 5X Points + Up To 100,000 Bonus Points Per Year. Discover it® chrome card. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. Jill Emanuel, a financial coach with Fiscal Fitness Phoenix in Gilbert, Arizona, said that she often recommends that clients take advantage of 0% balance transfer offers. Discover it Student chrome. Reasonable efforts are made If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Dan Rafter Redeem your cash back for any amount, any time. On the surface, the Discover it® Cash Back and Discover it® chrome look similar – they have the same simple exterior with the words “Discover it” emblazoned across the front.. If you continue to make purchases with your card that you can’t pay off in full at the end of each billing period, a balance transfer won’t provide long-term financial relief. Here’s everything you need to know, including card options, fees, restrictions and tips for improving your chances of approval. All financial products, shopping products and services are presented without warranty. Plus, earn unlimited 1% cash back on all other purchases – automatically. Your intro balance transfer rate will be 10.99% variable for 6 months and after that, a normal APR of 12.99% to 21.99% variable. Balance transfer credit cards are a great way to save money while you pay off debt. Dan Rafter. However, we may receive compensation when you click on links to products from our partners. Details for each card are below: Discover it® Balance Transfer That’s why he recommends that consumers draft a household budget listing their monthly expenses and income. After the intro periods for purchases and balance transfers end, you’re looking at a variable APR of 11.99% - 22.99% for each. If it’s high enough, you might also qualify for a lower interest rate with your new Discover credit card. Credit card companies that offer credit cards with an introductory zero percent balance transfer for a limited time can help give new card members a way to help relieve debt. the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. Discover offers several credit cards that come with balance transfer offers. Pre-qualified offers are not binding. Get essential reads every week with our newsletter. The Discover it Chrome card offers simple, and fairly valuable, cash back rewards at gas stations and restaurants. “No matter how many times people do a balance transfer, when their income always falls short of their expenses, they will always owe money,” Liwanag said. It has a long introductory APR for purchases and balance transfers, and as an extra incentive, Discover will double the cash back you earn for your first year. “This way, when these ‘whammies’ hit, there is no need to add more to the credit card balance,” Emanuel said. The Discover it Chrome for students has a 10.99% APR for six months for balances transferred, while some other cards have 0% introductory rates. Pre-qualified offers are not binding. Your credit cards journey is officially underway. The Discover it Chrome for Students doesn’t charge any outrageous fees, although the 5% balance transfer fee is higher than average, if you miss the promotional 3% introductory balance-transfer fee period. If you already own a Discover credit card: If you are applying for a new Discover credit card: No matter how many times people do a balance transfer, when their income always falls short of their expenses, they will always owe money. The interest-free period is pretty long, as offers go, and the card's rewards program and lack of annual fee give it value after you've taken advantage of the balance transfer offer. Transferring a balance to or from a Discover card can be a great move for your debt, but only if you're careful. However, all credit card information is presented without warranty. The intro period on … Discover is accepted nationwide by 99% of the places that take credit cards. Balance transfer fee. But she also works with these same clients to develop new spending habits that lessen their chances of running up even more credit card debt. With the Discover it® chrome… This offer is … Read: 5 Things to Do Once Your Balance Transfer is Complete. How to transfer a balance to a Wells Fargo credit card. It may take up to two weeks for them to receive the funds and credit your other account. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. 0% Intro APR* on balance transfers for 18 months. Copyright © 2020 CreditCards.com a Red Ventures Company. See the online credit card applications for details about the terms and conditions of an offer. Just a dollar-for-dollar match. Customer Experience Discover has been the reigning champ in J.D. The offers that appear on this site are from companies from which CreditCards.com receives compensation. Category Winner: Discover it Cash Back if you prefer higher rates, Discover it chrome if want your bonus categories to stay the same. When evaluating offers, please review the financial institution’s Terms and Conditions. This combination makes paying off that debt a challenge. The Discover it® Balance Transfer. Balance Transfer Intro APR. Discover will automatically match all the cash back you’ve earned at the end of your first year! Want to boost your odds of qualifying for a balance transfer? The Discover it® Student chrome is like the Discover it Chrome above — and like the basic version, this student card doesn’t have much to offer outside the Cashback Match in the first year. No annual fee: The Discover it® chrome doesn't have an annual fee. Editor Rating. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. Discover will also double the total amount of cash back you earn in your first year, which is a great bonus. You are not allowed to transfer a balance from one Discover card to … However, the card charges a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*. By providing my email address, I agree to CreditCards.com’s Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply. The good news is, that it offers a promotional interest period. The Discover it® chrome card offers an introductory 0% purchase and balance transfer APR for 14 months. Discover It Chrome Card: If this card appeals to you, click this link to learn more now! His work has also appeared online at the Motley Fool, Fox Business, Huffington Post, Christian Science Monitor and Time. Advertiser Disclosure, Discover offers several credit cards that come with balance transfer offers, but you should weigh the fees before applying, by Say you spend $150 on gas and $150 on restaurants every month. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. is our top pick for a Discover balance transfer card. Cardholders can earn … CHROME CREDIT CARD FEATURES SUMMARY ... Balance transfer: n/a: 2.18% or 2.84% or 3.43% or 3.99%: 29.50% or 39.94% or 49.94% or 59.94%: The effective annual rate takes into account interest you will pay on interest if you do not pay the whole of your main balance shown on your statement each month so gives a truer picture of the cost of the credit. Pick a balance transfer card and check its details. She helps clients develop an emergency fund that they can dip into to cover life’s unexpected emergencies. All financial products, shopping products and services are presented without warranty. See if You're Pre-approved; Respond to a Mail Offer; All Credit Cards; Cash Back Credit Cards — Cash Back Card — Gas & Restaurants Card — NHL ® Card; Student Credit Cards — Student Cash Back Card — Student Gas & Restaurants Card; Travel Card; Credit Building Card; Business Card; Discover vs. It seems like an easy decision: Your existing credit card balance has grown too large, and the interest rate attached to it is too high. The Discover it Chrome features a reward structure that’s very different from the Discover it. Disclaimer: NerdWallet strives to keep its information accurate and up to date. However, the cards have a very different structure to their cash back programs. The Discover it® chrome is designed for consumers who spend more at gas stations and restaurants than in other categories. Understand the card’s balance transfer details. Of the two cards, the Discover it® Cash Back card is the clear earner, but it may not be the better option if you don’t like keeping up with rotating categories. In short, the Discover it® Cash Back card is the most recent iteration of Discover’s product line, having replaced the Discover More® card in 2013. You will Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. The chrome card also rewards commuters and frequent road trippers with 2 percent cash back on gas. Like the Discover it, the card’s signup bonus matches your first-year rewards. The Discover it® chrome Vs the Discover it® Student chrome credit cards are very similar, yet are best for two different types of people. Once you make the transfer, keep up with your payments and aim to pay it off in full before the intro APR period ends. Considering a balance transfer to a Wells Fargo credit card? When you request a balance transfer, Discover Card makes a payment to your other creditor(s). Discover says that it will usually take at least 14 days for your balance transfer to close. See Rates, rewards and other info This type of credit card offers a low introductory APR -- many even start with a 0% APR. Discover it chrome card holders get account protection and credit monitoring benefits. The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. NHL Discover It Card; Discover It Transfer Balance; Gas and Restaurant Bonus Earning. The Discover it® Chrome for Students offers cash back rewards for students — 2% cash back at gas stations and restaurants, up to $1,000 each quarter (then 1%). When evaluating offers, please review the financial institution’s Terms and Conditions. Both cards have a 11.99% - 22.99% (V) APR. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. And any offers of 0% interest do come with limits. A credit card balance transfer can be a great way to save some money. Then the variable purchase APR applies, currently 10.99% - 22.99%. There is no annual fee of the card and this is very good. If you apply for a credit card, the lender may use a different credit score when considering your application for credit. Balance transfer fee is already at very good rates for now. Keep an eye on your inbox—we’ll be sending over your first message soon. Author’s Verdict. 0% intro APR for 14 months on purchases and balance transfers, 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*, Bank of America® Premium Rewards® credit card, Blue Cash Preferred® Card from American Express. They might blame their credit card debt when in reality their income doesn’t support their expenses.”. Cardholders can earn … 0% intro APR: This intro APR applies to both purchases and balance transfers for 14 months. The Discover it® chrome is designed for consumers who spend more at gas stations and restaurants than in other categories. Discover it® Student chrome: The Discover it® Student chrome has a slightly different rewards structure: Get 2 percent cash back automatically at restaurants and gas stations, for the first $1,000 in purchases each quarter, and one percent everywhere else. More exactly, 0% purchase intro APR for 14 months and a balance transfer APR of 0% for 14 months. Here is everything you need to know about transferring a balance to a Discover credit card. The Discover it chrome card offers you 2% cash back on up to $1,000 spent each quarter on combined purchases at gas stations and restaurants and 1% on all other purchases. “While we can’t get into the specifics of our underwriting, credit scores do play an important role,” said Geeta Chandan, marketing director at Discover. Good or better credit required. These benefits include: Free monthly FICO credit score; Ability to freeze your account if your card is lost or stolen; Maximizing Rewards. 1. 3% Intro Balance Transfer Fee until March 10, 2021. The Discover it Business card … By providing my email address, I agree to CreditCards.com’s There are also some other benefits that come with consolidating your debts into just one… There are also some other benefits that come with consolidating your debts into just one… See if You're Pre-approved; Respond to a Mail Offer; All Credit Cards; Cash Back Credit Cards — Cash Back Card — Gas & Restaurants Card — NHL ® Card; Student Credit Cards — Student Cash Back Card — Student Gas & Restaurants Card; Travel Card; Credit Building Card; Business Card; Discover vs. Additional Options for Balance Transfer Cards with Rewards Discover it chrome. Instead of rotating categories, you get 2% back at gas stations and restaurants year-round, with a $1,000 quarterly limit at the 2% rate. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. You should probably try with another card if your credit score is below 700. The Discover it Balance Transfer Card is a good option for people who want a solid rewards card once they've paid off their credit card debt. “Oftentimes, people are uneasy with the idea of figuring out their financial situation.

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