Learn How to Apply for the Discover It Balance Transfer Credit Card

Important Information to Consider Before Applying for the Discover It Balance Transfer Credit Card

The Discover It presents a credit card designed specifically for transferring balances, offering a promotional APR of 0% for the first 15 months of using the card.

The primary focus of the Discover card is on simplifying balance transfers, making it easier to manage monthly payments from other credit cards and reduce interest costs.

In pursuit of this goal, it provides a zero percent introductory APR for the first 15 months, along with a three percent transfer fee at the beginning and five percent thereafter.

Following the initial period, the APR percentages for purchases and balance transfers vary from 17.24% to 28.24%.

Furthermore, the annual maintenance fee is waived by the card, which enables cardholders to make significant savings on interest expenses by moving balances from cards with higher interest rates to Discover’s 0% rate.

Afterwards, the excess can be reallocated for more substantial payments toward the debt, essentially achieving a balanced budget.

Even though the idea of balance transfers for saving on interest might seem overwhelming initially, Discover guarantees that it is a beneficial strategy.

According to Discover It, the schedule for transferring balances is contingent on account conditions and the methods used for payment.

By combining debts on your card, not only do you lower expenses, but you also achieve a sense of tranquility and free up time that would have been spent managing multiple payments.

Utilizing a credit card can be highly beneficial in minimizing debts, particularly without incurring any annual maintenance fees. So, if this sparks your interest or meets your needs, feel free to continue reading.

Who is Eligible to Submit an Application?

To be eligible, you need to be a legal resident and at least 18 years old. Individuals who are not citizens must present a valid work visa for verification purposes.

Furthermore, potential candidates must demonstrate a consistent income flow, often stemming from reliable work or government assistance.

It is important to have a strong credit score when applying for a credit card, but approval is not guaranteed, as Discover carefully evaluates all applications.

Discover follows typical qualification standards when providing credit cards to United States citizens.

What is the Process for Applying for the Discover It Balance Transfer Credit Card?

To initiate the process of applying for the card, you will have to select the “Apply Now” option on Discover’s website.

Following that, you have the option to confirm your identity by inputting the final four digits of your Social Security Number, ZIP Code, and date of birth.

If opting for a manual approach is your preference, you can choose to bypass this particular step and move on to the application form.

Within the application, you will select your desired card style and input details such as your complete name, residential address, date of birth, current job situation, monthly rent or home loan amounts, monthly earnings, and email contact.

Once the details have been submitted, a comprehensive assessment of your application will be carried out by the bank.

During the procedure, Discover might ask for more documents, like a photocopy of your ID or passport, evidence of residence, and financial institution records for income confirmation.

Further Information

Moreover, the card is versatile, supporting chip, contactless, and digital wallet payments.

With an array of card design options, Discover presents close to twenty choices for customizing the card to suit the cardholder’s preferences.

Hence, the Discover credit card proves to be a compelling option for managing both balance transfers and day-to-day finances effectively.

Recently, the credit card provided 1% cashback rewards for all transactions and 5% for qualifying purchases, as outlined by the Discover It program.

At the moment of signing the agreement with the card, it will be essential to verify the company’s updated policies.

When it comes to advantages, the card offers protection against unauthorized purchases with a $0 liability and continuous monitoring of your account transactions.

Protecting the client from potential leaks or theft of sensitive data is the main objective.

Do you desire to discover a different choice?

If you are in search of a more all-encompassing and deluxe service, the American Express Platinum card is a fantastic option, despite the simplicity of the Discover It card.

The Amex traditional version includes 150,000 Membership Rewards points and offers 5x points for airfare acquisitions, allowing you to find out how to submit an application.

Written by

Jonatas Rafael