What does 0 balance transfer for 18 months mean?
What is a balance transfer credit card? Many credit card companies waive balance transfer fees (which typically range 3%–5% of the transfer amount) to entice cardholders. Often, they might also offer a promotional or introductory period of six to about 18 months where no interest is charged on the transferred sum.
Does Discover always offer balance transfers?
You can only transfer up to your credit limit, including fees. Discover accepts balance transfers from other issuers’ credit cards and loans, but does not allow balance transfers from other Discover accounts.
What credit score do I need to get the Discover it balance transfer card?
670 or better
To apply for the Discover it® Balance Transfer, it’s best to have a credit score of 670 or better. Other factors are also considered during the credit application process, so there’s no guarantee a high score will secure approval.
How long does a balance transfer offer last?
six to 18 months
Balance transfers offered by credit card issuers are temporary and range anywhere from six to 18 months. During that period, the interest rates could range from 0% to 4% or higher, depending on the credit card company.
How long is Discover it card interest free?
18 months
With the Discover it® Balance Transfer, you can transfer debt from high interest credit card(s) with an introductory period of no interest for 18 months (after 11.99% to 22.99% variable APR). This can help you save money in the long run, if you commit to paying off your balance during the introductory 0% APR period.
What’s the catch with balance transfers?
But there’s a catch: If you transfer a balance and are still carrying a balance when the 0% intro APR period ends, you will have to start paying interest on the remaining balance. If you want to avoid this, make a plan to pay off your credit card balance during the no-interest intro period.
How do you trigger a balance transfer offer?
- 5 Ways To Trigger More Offers From Your Bank Using Your Credit Card.
- Spend the right kind of money.
- Accept a balance transfer offer.
- Carry a balance on your card.
- Use one bank to pay another bank.
- Call your bank, talk to a real person.
How long do you have to make a balance transfer?
A credit card balance transfer typically takes about five to seven days, but some major card issuers ask customers to allow up to 14 or even 21 days to complete the transaction.
Do balance transfers show up on credit reports?
If you have multiple credit accounts but move their balances to a single account through a balance transfer, your previous accounts’ utilization rates will appear as 0% on your credit report. In general, however, the goal of getting a balance transfer card is to make it possible to pay off debt.
How to check Discover credit card balance?
What is a Credit Card Balance? Your credit card balance is the amount of money you owe to your credit card company on your account.
What does Discover Card offer?
– The flagship Cash Back card – Student Chrome – Student Cash Back – Travel – Secured – Gas & Restaurants – Business – NHL 3 11
What is the best credit card for balance transfers?
The longest balance transfer with no fee – up to 21 months NO fee
What is the best balance transfer card?
Click “Transfer a balance.” You can find this option in multiple locations. On the Account Summary page,it will be underneath the balance transfer card’s available credit.