Whether it’s consolidating their debt or simply opting for more affordable interest rates with the help of a new card, a balance transfer helps get people’s finances back on track. One such example of this is Discover It’s Balance Transfer offer.
Individuals love doing balance transfers with Discover It primarily because of its money-saving features. Apart from debt consolidation, users also get the chance to pay off their debt faster and more conveniently than ever before.
Interested in getting these perks and leading a financially savvy life? Read through this guide and we’ll let you know how to get a Discover It balance transfer today. Check this out.
Determine Your Financial Situation And Get A Discover It Balance Transfer Card
One of the best ways to do a hassle-free balance transfer is by getting a dedicated credit card that does this. Apart from moving balances and enjoying low-interest rates, you can also enjoy the limited offering of waived balance transfers fees.
By examining your current financial situation, you can easily gain a newer perspective on continuing to pay off your debt at high-interest rates. With this, you can simply opt for a new card company that offers better benefits.
The Benefits Of A Discover It Balance Transfer Card
Thankfully, Discover It has a number of balance transfer credit card options to choose from, including the Cash Back card, the NHL Discover It Card, and the Gas and Restaurant Card. These cards feature cashback options as well as no annual fees whatsoever.
All of these cards have an introductory offering of 0% APR on purchases and balance transfers. Not to mention, these credit cards also offer 3% balance transfer fees until July 10, 2020, with succeeding transfer fees at 5%.
You will also enjoy 0% on balance transfers for up to 14 months.
Note The Charges
Other fees you need to pay attention to include the variable APR ranging from 11.99% to 22.99 for purchases and balance transfers. Meanwhile, the APR for cash advances clocks in at 24.99%. Late payments will be charged up to $40.
The Application
To apply, all you need to do is head on to their website, click the apply button, pick the credit card you wish to avail, and fill out the online application form.
To do this, provide your personal and financial information, your address, contact details, Social Security number, citizenship status, and employment information.
Making A Balance Transfer
Once you have applied for a Discover It credit card and you have successfully been approved for it, obtaining a balance transfer is easy.
Do this by requesting a transfer online by keying in your account number and the transfer amount you wish to make. You may also do this over the phone.
After putting in a balance transfer request, the overall process may take 14 days. The process includes opening your accounts, processing balance transfers, and sending payments to your other creditors.
Check up on the transaction to confirm if the balances have been credited and transferred.
To keep up with the affordable interest rates and maximize your savings, make sure to pay as much interest and charges as much as you can. This way, you can prevent your accounts from incurring more debt.
Conclusion
Now that you know how to make a Discover It balance transfer, you can easily consolidate your debt and save money in the process.
For more info, call 1-877-587-1605. You may also make an appointment with the institution at 2500 Lake Cook Rd., Riverwoods, Illinois 60015.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
