Genius Way To Cut Credit Card Interest

Please Note: Information about the Discover it® Balance Transfer have been collected independently by and may be out of date. The issuer did not provide the details, nor is it responsible for their accuracy. The offers are not currently available on our site. This page includes information about the Discover it Balance Transfer product, which is no longer offered by Discover.

“Those who understand interest, earn it, those who don’t, pay it,” at least according to Albert Einstein. While that’s easy enough to say, is there really a simple way to get out of paying interest on your debt? Actually, there is. It’s called a 0% intro APR balance transfer credit card.

If you have good credit, right now you can lock in a balance transfer intro APR for a year and a half — just by moving your high-interest debt to a balance transfer credit card like the Discover it® Balance Transfer.

Is there a catch? No, but there are some details to consider when choosing a balance transfer credit card. For example, how long is the intro APR period? The Discover it® Balance Transfer has one of the longest out there, while the Chase Slate® (currently unavailable through this site) offers a 15-month 0% intro APR period.

While a balance transfer may sometimes have fees associated with the initial transaction, you can avoid paying a balance transfer fees by going with a card like the Chase Slate®, which offers free balance transfers within the first 60 days of opening your account (after that, 5% with a minimum of $5). Do the math to decide what’s better for you — three extra months at 0% intro APR or a free balance transfer from the very start. It’s all relative and based on your personal situation.

Ready to stop paying interest and live by Einstein’s financial wisdom? Get started now with our simple head-to-head comparison of two of the best balance transfer credit cards available today.

In this article

    Discover it® Balance Transfer

    The Discover it® Balance Transfer has one of the longest intro APR periods of our top-ranked balance transfer cards. This card also delivers big on cash back rewards for all of the new purchases you make with the card. 5% cash back at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. Plus, 1% unlimited cash back automatically on all other purchases.

    But that’s not all. Discover also matches the cash back you earn during your first year as a cardholder. That means if you earn $150 in cashback, you’ll get another $150 on top of that — that’s $300 total cash back in one year. The more cash back you earn in your first year, the bigger your year-end cash back bonus.

    One thing to keep in mind is that most card issuers won’t allow you to transfer a balance from one of their cards to another. That’s why it pays to know what the best offers are. You’ll maximize your balance transfer savings this way and figure out which card will actually work best for your personal situation.

    The Discover it® Balance Transfer has the best deal with its extra-long intro APR period on balance transfers, and the Chase Slate® lets you transfer your balances for free during the first 60 days–a huge benefit for savings. You can also check out our full list of the Best Balance Transfer Credit Cards for 2019 to compare other great offers — and find the one that fits your needs best.

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