Discover 0% APR Credit Cards

The Discover interest charge on purchases ranges from N/A for most Discover cards. This includes the Discover it Cash Back, Chrome, Miles, NHL Discover, and Balance Transfer cards. The actual rate you’ll receive within that range upon approval varies based on your credit, income and other factors.

When you make a purchase on a Discover card, it is subject to an interest charge known as the Annual Percentage Rate (APR). To know how much you’re paying on your balance each day over the course of a year, divide the APR by 365. Discover will multiply this rate by your current balance every day to come up with the daily interest charge. Interest compounds daily. This means you’ll owe interest each day on any unpaid balance, including interest from previous days.

The simplest way to avoid paying interest charges is to pay the full balance due by the due date each billing period. Discover offers a grace period during which you will not be charged interest on your purchases if you pay off the entire balance. Discover’s grace period is at least 25 days (23 in February) from the end of the billing period until the due date. You will lose the grace period if you do not pay the balance in full during any month. You can have the grace period reinstated by paying the bill in full for two straight billing periods. Keep in mind that grace periods do not apply to cash advances or balance transfers.

Discover cards have also have 0% APRs on purchases and balance transfers for a certain number of months. After the 0% intro rates expire, any remaining balance is subject to the regular APR. Your Discover credit card will also have a separate APR for cash advances. There are no penalty APRs for late payments with Discover.

To find the interest rate on a Discover card, look for the “Interest Charge Calculation” section on your monthly billing statement (electronic or paper). There, you will find the Annual Percentage Rates (APRs) for your account. If you don’t have your monthly statement handy, you can log in to your online account and download/print a copy any time.

You can also call Discover customer service at 1 (800) 347-3085 to find your interest rate. Follow the prompts until you reach the department that handles billing or general inquiries. Alternatively, you can send a message to Discover directly through their website. Under “Contact Us,” select either the “Message an Agent” feature or “Send a Secure e-mail” to request your interest rate.

To find out what the interest rate will be on a Discover credit card you’re thinking about applying for, compare Discover card offers online. Under “Regular APR,” you’ll be able to see the possible APRs on each card. There may also be promotional 0% introductory APRs, depending on the card.

APRs typically come as a range. The actual rate a cardholder receives within that range depends on various factors. They include credit history, income, debt level and more. Keep in mind that the APR is the annual interest rate on your account. To calculate your daily interest rate, divide the APR by 365 for the number of days in a year.

How to find the interest rate on a Discover card:

• Check your statement: Look under the “Interest Charge Calculation” section.
• By phone: Call customer service at (800) 347-3085 any time.
• Online: Log in to your online account and download a copy of your billing statement. Or, click the “Contact Us” link at the bottom of the page and select “Message an Agent.”

It’s easy to find the interest rate on a Discover card, and there are plenty of methods to do it. Customer service is available 24/7 to help you if you have any trouble.

This information is accurate as of the date of posting.