How to Transfer Credit Card Balance to Discover
If you have credit cards with balances at high interest rates, you can transfer those balances to a Discover Card, if you have one. Completing balance transfers will result in one monthly payment instead of several on the transferred balances. Discover Card accepts balance transfers from major credit cards, specialty store credit cards, gas credit cards, auto loans and school loans. It is free to make a credit card balance transfer request with Discover Card. However, there may be a balance transfer fee, which varies by cardholder and is dependent upon credit card terms and credit score.
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Things You'll Need
- Discover Card account
- Creditor names, account numbers and amounts to be transferred
- Computer with Internet access
Instructions
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1
Log into your Discover Card account online (see Resources). Check your available balance to determine how much you can transfer.
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2
Gather the account names, numbers and amounts of the credit card or loan debt that you want to transfer to Discover. Only four balances may be transferred at a time.
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3
Go back to the Discover Card website and log in if you are not already logged in. Click on "Request a Balance Transfer."
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Enter in the creditor names, account numbers and transfer amount that you want to transfer to Discover. Submit the request when you are done.
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Tips & Warnings
If you prefer, you can call Discover at (866) 240-7940 to request a balance transfer over the phone. Any fees for the balance transfer will be charged to your Discover Card.
It can take up to two weeks to process the balance transfer, so you should keep paying on your credit card accounts.
