Top perks
The Discover it® Balance Transfer credit card had several high-value benefits.
0% intro APR offer
This card offered a 0% introductory APR lasting 18 months on balance transfers. That's one of the longest intro periods you'll find, even among the best balance transfer cards. For those dealing with high-interest debt, such as credit card debt, the Discover it® Balance Transfer gave you plenty of time to pay it down interest free during the intro period. This card also offered a 0% introductory APR on purchases for 6 months. The go-to rate of 17.24% - 28.24% Variable APR applied after the 0% intro APR periods expired.
To learn more about how these cards are used, read our guide on how a balance transfer works.
Up to 5% cash back
Some balance transfer cards are light on rewards, but that wasn't the case with the Discover it® Balance Transfer. Cardholders earned a 5% Cashback Bonus® on everyday purchases on rotating categories each quarter like grocery stores, restaurants, and gas stations, up to the quarterly maximum of $1,500 on purchases, when you activate. Other purchases earned 1% cash back.
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Unlimited Cashback Match sign-up bonus
Discover will match all the cash back you've earned at the end of your first year. This sign-up bonus was only available during the first year and for new cardholders, but it could be particularly lucrative since the match was unlimited. For example, if you maxed out its quarterly bonus categories and earn $300 in rewards in the first year, you'd receive another $300 to match it.
SEE MORE: Best Sign-Up Bonus Credit Cards
FICO® Score for free
As a Discover cardholder, you have access to a free credit score tool, Discover Credit Scorecard. What makes it special is that it provides your FICO® Score, the type of credit score most widely used by lenders. Many other card issuers have free credit score tools that provide other types of credit scores, which aren't used nearly as often. It's helpful to have access to your FICO® Score, since that's what's commonly used when you apply for everything from credit cards to car loans and mortgages.
No minimum rewards redemptions
An underrated perk of Discover credit cards is that they have no minimum threshold for cash back redemptions. You could redeem as little as $0.01. Other cash back cards have stricter minimum redemption amounts, such as $25.
Read our complete guide to Discover credit card benefits to learn more about what these cards offer.