Like you, we are bombarded in the mail with so many credit card offers from the major banks and credit card issuers that at times it can be difficult to determine the best card for you. The Discover it™ – 18 Month Balance Transfer is a great option of credit card that carries no annual fee, give you free interest for six months and if you transfer a balance, you get 0% Intro Balance Transfer APR for 18 months from date of first transfer by June 10, 2013 and gives you the chance to earn up to as much as five percent cash back bonus in certain rotating categories. As with all types of cards that carry this perk, you are limited to specific categories. You can also get unlimited 1% cash back rebates on all your other purchases. The card has a zero percent APR rate on all balance transfers for 18 months, and thereafter, you will have a regular APR of between 10.99 to 20.99 percent.
While many excellent credit cards do carry high annual fees, it doesn’t always make sense to apply for these cards, even if the rewards are great. If you are not going to use the card often enough to receive rewards that are worth more than the annual fee you will pay to have the card each year, then you should probably look into applying for a credit card with a lower annual fee, or no annual fee at all. Many people try to apply for credit cards that carry absolutely no annual fee, and this is a good thing because you will not be required to pay for more than what you owe on your purchases, provided you use your credit card in a responsible manner.
MY REVIEW AND SUMMARY
The Discover it Card – The Discover it Card is my choice for the best no annual fee credit card currently on the market. With the Discover it Card, cardholders receive 5% cash back at restaurants and movies through the end of March on up to $1,500, and 1% cash back on all other purchases. In addition, Discover offers a Cashback Concierge that will provide a custom online tour to help cardholders fully take advantage of the rewards offered by the card. The Discover it Card also offers 24/7 US-based customer support, and a 0% Introductory APR for 18 months on balance transfers and 6 months for purchases. After the 6-month intro period, the APR reverts to the variable purchase APR between 10.99% and 20.99%. In addition to know annual fee, the Discover it Card also charges no overlimit fees, no foreign transaction fees, no pay-by-phone fees, and no late fee on your first late payment.
The Discover It is a versatile card that offers both rewards and savings for those bearing credit card debt. The rewards are some of the best among fee and no fee cards alike. It offers 5% cash back in rotating bonus categories, such department stores, restaurants and home improvement. Your bonus rewards are capped at $1,500 in purchases each quarter, but you can get an unlimited 1% back in non-bonus categories. Add that to a 14-month 0% intro APR period on purchases and transfers, and you’ve got yourself quite a card at no annual cost to you. CLICK HERE to Apply Now
- No Annual Fee
- 0% Intro APR for 6 months of purchases and then 10.99% – 20.99% Standard Variable Purchase APR.
- 0% Intro APR for 18 months on Balance Transfers from date of first transfer, for transfers under this offer that post to your account by June 10, 2013 and then 10.99% – 20.99% Standard Variable Purchase APR.
- 3% Transfer Fee for each balance transferred.
Get the Treatment You Deserve
- Fair — No annual fee. No overlimit fee. No pay-by-phone fee. No foreign transaction fee. And no late fee for your first late payment. Plus we won’t raise your APR for paying late. *
- Generous — Get real cash on every purchase – not points.
- Flexible — Choose your own due date and pay up to midnight (ET) online or by phone without a fee. And if you lose your job, we’ll find a way to help.
- Human — Talk to a real person whenever you want. Our friendly service team here in the U.S. will answer your call in seconds.
- Safe — Discover ranks among the industry’s highest in identity fraud resolution1. And you’re never responsible for unauthorized purchases with our $0 Fraud Liability Guarantee.
1Javelin Strategy & Research’s Eighth Annual Card Issuer’s Safety Scorecard (June 2012)
Your Cash Rewards
- 5% Cashback Bonus in certain rotating categories. that change throughout the year like gas, restaurants, and department stores up to the quarterly maximum. Signing up each time is free and easy. See 5% Cashback Calendar
- 5% to 20% Cashback Bonus through our exclusive online shopping mall
- 1% Cashback Bonus on all other purchases—with no limit on how much you can earn.
- 1-on-1 Cashback Concierge who can walk you through your rewards options online to help you get the most cash back for how you use your card.
- You can get additional discounts through the Discover online mall and there are NO foreign transaction fees!