Last time, we discussed the No Balance Transfer Fee Discover More Card. This time around, let’s see Discover’s other limited time offer!
One strategy for dealing with a credit card’s high interest rate is to say goodbye to it with a favorable balance transfer. If your current credit card debt load is feeling a little heavy, then check out the Discover More Card with a 24-month balance transfer offer, Discover’s latest promotion.
0% APR For 24 Months On Balance Transfers With Discover More
That’s right, for 24 months you have a 0% APR for balance transfers. That means you can move a balance from a card you’re currently paying double-digit interest on, onto a card where you’ll pay no interest for a lengthy period. Let’s look at this 0% balance transfer credit card in more detail.
This Discover More Card even comes with a promotional rate for your purchases. You’ll have an APR of 0% for 6 months for purchases. If you’ve been paying for your routine purchases with a card with a higher interest rate, using Discover More during the promotional period can keep you from paying extra.
Once the promotional period ends, your regular APRs for balance transfers and purchases will kick in. The exact rates for your account will be determined by factors such as your creditworthiness. As for the cash advance APR, the rates are understandably higher.
Get Cash Back With Discover
Don’t forget that Discover More is also an outstanding cash back credit card. Your advantages won’t stop with the promotional rates. As a cardmember, you can receive 5% cash back all year long in categories that change. On the calendar for January through March are the categories of restaurants and travel (great if you’re on the road for business or vacation). You can earn up to $800 cash back for this time period.
Other categories throughout the year include drugstores and groceries for March; home and fashion; gas, movies, and more. Be sure to keep up with the categories as they change, because you could time your larger purchases to fit these categories.
Note though, that you’ll need to sign up for each 5% Cash Back category as it changes. As an example, you’ll need to sign up on June 1st for the July through September categories of gas and travel. To sign up, you can call Discover or head to the online Account Center.
Up to 1% Unlimited Cashback Rewards
It’s also possible for you to earn up to 1% unlimited Cashback Rewards on your other purchases. So don’t forget to swipe that card, because anything from office pens to your favorite cupcakes might earn you a Cashback Bonus.
Cash Back Rewards cardmembers can also make online purchases through ShopDiscover for more rewards. This shopping mall features more than 150 merchants and services with offers of 5% to 20% Cashback Bonuses. Best Buy has a 5% Cashback Rewards offer and Macy’s offers a 10% Cashback offer. More retailers are added from time to time, so visit ShopDiscover to see if new offers arrive with them.
The rewards aren’t limited to Cashback Bonuses. If you prefer, you can enjoy your rewards in the forms of gift cards or certificates from Discover’s partners or merchandise. There’s an option to donate to charity as well.
Your Cashback Bonuses won’t expire as long as you don’t fail to make 2 payments in a row, your account isn’t closed, or your account isn’t considered inactive.
This Is A Limited Time Offer
You’ll need to move fast to snag the Discover More Card’s 24-month balance transfer rate, because this offer ends February 28th. One more factor in this card’s favor: it doesn’t have an annual fee!
There are a few other fees to remember, though. For instance, the balance transfer transaction fee is 5% of the balance transfer or $10, whichever amount is higher. Cash advances have the same fee rates. Foreign currency transaction fees are set at 2% of the purchase amount in U.S. funds.
If you’re hunting for a good balance transfer offer, then stop for a look at the Discover More Card with a 24-month promotional balance transfer offer. Not only will you benefit from that 0% APR for 2 years on any existing balance you have, you’ll also have a 0% APR for purchases for 6 months. All that, plus cash back, means that this card is probably worth a closer look.