Discover Credit Cards have become one of the leading offers for balance transfers due to their exceptional customer service, rewards programs, 0% terms, and low annual percentage rates (APR). All credit cards in the Discover Card portfolio come with APR's as low as 10.99% after the initial introductory period. You may transfer your balance online instantly and securely over the Discover servers on the corresponding application pages.

Discover Credit Card Balance Transfer Fees:

Currently, the balance transfer fees for Discover Credit Cards are set at 3% but not to exceed $75. This means that if you transfer a balance up to $2500 you will pay 3%. Anything above this amount will have a flat $75 fee. This is pretty much the industry standard fee, but what separates Discover from the rest of the pool is the length of the 0% term, and the low APR thereafter. Having the flexibility of a 0% term for 12 months is advantageous. Though several other competitors offer the same introductory term for balance transfers, few offer APR's afterwards as low as 10.99%. The interest saved over the life of the balance transfer with a 10.99% APR is a much greater savings than crippling APR's that come with other offers.

Myths About 0% Balance Transfers For The Life of The Account:

There are several myths circulating on the internet about 0% for life balance transfers with Discover Credit Cards. After extensive research which included phone calls to Discover and digging deep into their website, we found this to be untrue. Apparently, such an offer did in fact exist back in 2004. Unfortunately, due to the subprime credit crunch and home foreclosure crisis, issuers are unable to offer life of the balance 0% terms.

To apply online for an instant balance transfer you may visit our Discover Card section. If you would like to compare balance transfer deals from Discover to those of other major issuers, please view our section on balance transfers.