The Discover More card is promoting one of the best balance transfer deals around.
It will charge no interest on balance transfers for six months and on purchases made until the last day of the billing period ending in March 2010.
(Yeah, we know some cards used to offer 0% for 12 months, but those deals are long gone.)
There’s also no annual fee and the balance transfer fee remains 3% of the debt — not the 5% many other cards are now charging.
When the introductory period is up, your rate for purchases and whatever remains of your balance transferred is determined by a review of your application and credit history.
It could be as low as prime plus 8.74% or as high as prime plus 15.74%. That works out to 11.99% to 18.99% based on today’s prime rate of 3.25%.
But note that Discover is still using the interest rate for purchases for balance transfers, not the higher rate charged for cash advances as some banks are doing.
This offer is limited to new card members, you’ll need good credit to qualify and to received the 0% APR for six months you must request the balance transfer when you apply for the card.
Click here to see how the terms offered by Discover More compare with the best balance transfer offers from other credit cards in our database.
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