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Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% Intro fee on balances transferred by December 10, 2024 and up to 5% fee for future balance transfers will apply. Annual Fee: None. Rates as of August 30, 2024. We will apply payments at our discretion, including in a manner most ...
Request a balance transfer. Follow any directions from your new credit card issuer and monitor your accounts while your balance transfer is processed and payment is made to your old creditor (s). For example, with a DiscoverÒ balance transfer card offer, an account must be open for 14 days before Discover can begin processing your balance ...
Find low rate credit card balance transfer offers with Discover, save money and pay down your transferred balances faster. ... Balance transfers are a great way to reach your pay down goals. Paying a low promo rate can decrease your debt faster and help you achieve more.
The exact process for a credit card balance transfer can vary between credit card issuers. You could take a balance transfer on your existing credit card or apply for a new credit card that has a low introductory APR on balance transfers. If approved, you would then transfer your credit card balance and wait for the debt to move to the new account.
As you may have guessed, a credit card balance transfer is when you move debt with a high interest rate to a credit card with a lower APR. With a lower interest rate, your balance won’t grow as quickly, which ideally buys you the time you need to repay it and save money.
Key points about: 0% interest balance transfer cards. A credit card balance transfer lets you move an existing credit card debt balance to a new credit card, which may allow you to take advantage of a lower interest rate. A 0% intro APR balance transfer credit card could mean no interest on balance transfers during the introductory period.
Typically, the credit card issuer you're transferring your balance to will charge a balance transfer fee. Transfer fees are usually 3-5% of the amount that you transfer, with a $5 to $10 fee minimum. The amount you end up paying in fees depends on the credit card company and their current offers.
Secure Account Log In. Log in to your Discover Card account securely. Check your balance, pay bills, review transactions and more using the Discover Account Center, 24 hours a day, seven days a week.
Yes, you will earn cash back or Miles on new purchases made on your Discover Card, whether or not you’re using a 0% Intro APR offer. If you transfer a balance to your Discover Card, you won’t earn cash back or Miles rewards on the transferred balance, but you’ll continue to earn rewards on any purchases you make on your new credit card.
A balance transfer could take several days or several weeks, depending on the circumstances. If you’re opening a new Discover credit card that has a balance transfer offer, an account must be open for 14 days before Discover can begin processing your balance transfer request. After that, most transfers are processed within four days.