If you’re actively shopping for a balance transfer credit card and in the mood to give to a good cause, you can kill two birds with one stone.
Today, Discover launched a new balance transfer credit card that comes with 0% APR for 15 months.
You also get 0% APR for 15 months on purchases.
Along with all that good stuff, Discover will also make a $20 donation to Operation Homefront, which is a non-profit organization that provides assistance to military service members and their families.
The so-called Discover® More Card – Operation Homefront $20 Donation has no annual fee, no rewards redemption fee, and no fee for an additional card.
There is a standard 3% balance transfer fee, which is the norm for pretty much all balance transfer credit cards these days.
Let’s look at a quick example of the savings:
American Express credit card balance: $3,000 @ 19.99% APR
Discover balance transfer offer: 0% APR for 15 months
Balance transfer fee: 3%
You’d be paying about $50 in credit card finance charges monthly and roughly $600 annually.
Why subject yourself? Get a credit card with 0% APR for 15 months and get out of credit card debt fast.
Get Cash Back Too
Assuming you keep the card for purchases after using it for a balance transfer, you can also earn up to 5% cash back in certain categories that rotate, including gas, groceries, restaurants, home improvement stores, and more.
Additionally, you can earn 1% unlimited cash back on all other purchases once you’ve made $3,000 in annual purchases (.25% cash back before then).
Or see other Discover balance transfer offers currently available.