Best 0% Balance Transfer Credit Cards

To do a balance transfer with Discover, fill in the balance transfer portion of the application for a new Discover card or select “Balance Transfer” from the “Manage” menu on the Discover website for an existing account. You can also make a request over the phone 48 hours after approval, at 1 (800) 347-5508. Discover balance transfer requests require the account number for the balance as well as the amount to transfer. Discover usually takes 4 days to process balance transfers. But if you were just approved for a new account, you have to wait 14 days before your request can be processed.

That’s how the process works in a nutshell. For your convenience, we’ll break it down step by step below. These steps hold true whether you’re applying for a new card or requesting a transfer to an existing account.

How to Do a Balance Transfer with Discover

1. Log in to your Discover account and click “Balance Transfers” or begin filling out a Discover credit card application.
2. Provide the account number to transfer the balance from.
3. Request to transfer a specific dollar amount of the balance.
4. Get approved to transfer a certain amount, up to the amount requested.
5. See Discover pay the existing creditor for the approved amount.
6. Repay Discover for the transferred amount, plus any applicable balance transfer fee.

Discover accepts balance transfers from credit cards, auto loans, and medical debt. After transferring a balance to a Discover credit card, try to pay it off within the card’s low introductory balance transfer APR period, if there is one. Any balance remaining when the card’s regular APR takes effect will quickly become much more expensive.

Even if it is possible to do a balance transfer on the Discover it Secured Credit Card, you shouldn't. With a secured card, you won’t be able to transfer more than you can afford to put down as a security deposit. And if you have the money, why not pay down your debt directly?

Instead, you should focus on paying the bill on time every single month and using it responsibly in order to expedite your credit building efforts. Eventually, you will reach good credit, which is where a balance transfer offer starts to get interesting. To get a better picture of credit cards that favor balance transfers, you can go over these recommendations.  

The Discover it® Balance Transfer card does not have a no balance transfer fee offer. It does give you a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.

The Discover it Balance Transfer card’s introductory APR is 0% for 18 months on balance transfers and 0% for 6 months for purchases. Once the intro rate expires, the regular APR of 16.49% - 27.49% Variable will apply to any unpaid balance and all future purchases and balance transfers.

Yes, you can transfer a balance to Discover it Cash Back. You also get an intro APR of 0% for 15 months from the date of first transfer.

After the intro APR expires, your APR will be 16.49% to 27.49% Variable based on your creditworthiness.

Keep in mind that there is an intro balance transfer fee of 3% of the amount of each transfer. After that expires, the fee rises to 5%.

You can transfer a balance to your Discover credit card up to your available credit.

Keep in mind that Discover does charge a fee for balance transfers. And any offers of zero percent interest do come with limits, so check the materials that were mailed with your card or call the number on the back of your card for more info.

The Discover it chrome card’s balance transfer limit is 95% of the credit limit (fees included) for new accounts. If you’re an existing cardholder, you may be able to use your whole credit limit for balance transfers, as long as the credit is available.