Discover it Balance Transfer approval odds

Discover it Balance Transfer

The Discover it Balance Transfer card is targeted for customers that have large credit card debts that they want to pay off quickly with low interest charges. This card program offers an introductory 0% APR period for balance transfers and a rewards program to help customers pay off their debts. For more details about the Discover it card can be found here: 

Is This Card a Right Fit?

Before thinking about improving your odds at approval, it is important to make sure that the card and its features are appropriate for your situation. Check if you satisfy the following criteria:

• Good Credit Record

The Discover it Balance Transfer is meant for people with few to no warnings or blemishes on their credit report, since it offers a long introductory 0% APR. 

• 18 Months of Repayment Period 

If you don’t need the full 18 months to pay off your debt, it might be wiser to choose a balance transfer card with a shorter period to waive off the transfer fee. 

• Post-Balance Transfer Promotion

Since the Discover it Balance Transfer card is also a rewards credit card, if you are interested in keeping the card after the balance transfer and wish to reap its rewards, it might be a good fit for you. 

Approval Odds

Now that you’ve decided to invest in the Discover it Balance Transfer card, what are the approval odds? 

While only Discover knows the exact approval criteria for Discover It cards, you can increase your chances for being approved by:

1. Meeting the credit score requirement (around 680-700) 
2. Having sufficient proof of enough income or assets to pay your bills 
3. Not applying for numerous credit cards at once as it could cause a decline in your credit score.

In case your request doesn’t get approved, there are multiple other options to utilize that might be worth investing in!