In the world of balance transfers, things seem to be getting better and better. Point and case, Discover has just launched the Discover® More® Card – Balance Transfer Fee*, which provides cardholders with a 0% intro APR on balance transfers for 18 months and on purchases for six months. Currently this is the second longest 0% APR balance transfer available (behind the Citi Platinum Select MasterCard).
What sets the Discover More Card - Balance Transfer Fee* apart from others who offer long balance transfers is it’s top notch rewards program. Unlike the Citi Platinum Select MasterCard, this card includes a cash back rewards program, offering 0.25% cash back on all purchases for the first $3,000 spent, 1% cash back on all purchases after that and 5% cash back on rotating categories throughout the year. This means that after you take advantage of the balance transfer offer, you’re still included to use your Discover® More® Card - Balance Transfer Fee* as your everyday credit card.
Now it’s not all good news with this new offer, as there is a balance transfer fee of 3% if you decided to take advantage of the 0% intro APR for 18 months. The 3% fee (no max) is one of the lowest fees around and compared to the Citi Platinum Select MasterCard (which is also 3%), this card is equal. However, the Discover More Card - Balance Transfer Fee* does not carry an annual fee and It’s also important to note that this card should only be applied for if you are in need of a 0% balance transfer offer.
From top to bottom, you won’t find a better overall credit card in the market today and the 0% intro APR on balance transfers for 18-months is as good as it gets. If you’re in need of a long balance transfer offer to avoid paying costly interest charges, consider applying for the Discover® More® Card – Balance Transfer Fee*. This offer will be expiring soon and is available on select sites only.
Published or updated January 13, 2012.
{ 0 comments… add one now }