Discover it Balance Transfer: 0% APR and Cashback Benefits
0% Intro APR for 18 months on balance transfer, plus earn 5% cashback on quarterly rotating categories (up to $1,500 per quarter) – worth up to ~$300 per year in rewards. First-year Cashback Match can double your rewards to up to ~$600.
The Bottom Line
On Capital One's Secure Website
Intro APR
Purchases: 0%, 6 months
Balance Transfers: 0%, 18 months
Regular APR
17.74% - 26.74%
Credit Score
670-850 (Good/Excellent)
Rewards Earn 5% cashback each quarter on up to $1,500 in purchases in rotating categories. Activation is required each quarter by the stated deadline. Plus, earn 1% cashback on all other purchases.
1% - 5% Cashback
Welcome Offer Enjoy Unlimited Cashback Match: Get an unlimited dollar-for-dollar match of all cashback earned during your first year, awarded at the end of the first year.
Unlimited Cashback Match (first year)
✅ Pros:
- 5% cashback on rotating quarterly categories (after activation) – See current categories here.
- Discover Cashback Match, which doubles all cashback earned in the first year
- No annual fee
- 0% intro APR for 6 months on purchases
- 0% intro APR for 18 months on balance transfers
- Easy cashback redemption
❌ Cons:
- Requires activation each quarter to earn 5% cashback
- 5% cashback is capped at $1,500 in purchases per quarter
- Lower 1% cashback on non-bonus spending
- 3% fee applies to transfers made during the introductory offer period
- High ongoing APR
Welcome Offer
Unlimited Cashback Match: Discover will automatically match all the cashback you earn at the end of your first year, with no limit.
Rewards
- 5% Cashback on Quarterly Rotating Categories: Earn 5% cashback each quarter on up to $1,500 in purchases in rotating categories. Activation is required each quarter by the stated deadline. See current categories here.
- 1% Cashback on all other purchases.
Redemption Options
Flexible Redemption: Redeem rewards for cash at any time, in any amount, or use them for purchases at Amazon.com. Cashback never expires.
Fees and APR
- Annual Fee: $0.
- 0% Intro APR on Purchases: For 6 months from account opening.
- 0% Intro APR on Balance Transfers: For 18 months from account opening.
- Regular APR: After the introductory period, a variable APR of 17.74%, 21.74%, 24.74%, or 26.74% applies to purchases and balance transfers.
- Paying late won’t raise your APR.
- Intro Balance Transfer Fees: 3% of each transferred amount that posts to your account within the first 18 months of account opening, then 5% on future promotional balance transfers.
- Regular Balance Transfer Fees: After the introductory period, balance transfers made at the standard purchase APR are not subject to a balance transfer fee.
- Foreign Transaction Fee: None.
- Late Payment: No fee on your first late payment.
Ratings
- Net Value & Cost Efficiency: 5.0/10
- Rewards & Earnings Power: 7.9/10
- Welcome Bonus Value: 0.0/10
- First-Year Earning Boost: 10/10
- APR & Interest Structure: 9.0/10
- Simplicity & Transparency: 8.2/10
- Perks, Benefits & Protections: 1.6/10
- Issuer Credibility & Stability: 7.5/10
- Installment & BNPL Features: 0/10
- Eligibility & Approval Accessibility: 7.5/10
Big4Credit ratings are based on our independent analysis of each card’s features, value, fees, rewards, and benefits. Card issuers do not influence our ratings.
Terms and Conditions
Click Apply Now to see the terms and conditions.
» MORE: See Big4credit’s best credit cards for balance transfers
The information about the credit cards has been collected independently by big4credit.com. The card details have not been reviewed or approved by the card issuer.