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Discover it Card - What's the best 0% deal for you?

We haven't been shy about our love for the Discover it™ Card, but what's not to love about a 5 percent cash back card that's got one of the most competitive 0% interest periods on the market today?

That said, consumers interested in applying for this card have a choice to make when determining which introductory offer is best for them: 14-months at zero interest on balance transfers and new purchases, or 18 months on balance transfers and 6 months on purchases. The other good news is that there are no annual fees attached to either card.

Alright, we know it's Tax Day and you're probably over using your calculator at this point, so we'll do the heavy lifting for you and break down which card can save you more depending on how you plan to use your Discover it Card...

Discover it™ - 0% interest for 14 months applied to new purchases and balance transfers

The original Discover it™ offer includes 0% interest for over a year applied to new purchases and balance transfers. 14 months puts this card towards the top when it comes to introductory periods, and the ongoing variable interest applied to this card starts as low as 10.99% depended on your creditworthiness. 

The only thing that varies between these two offers are the introductory periods; the 5 percent cash back on up to $1,500 in purchases in rotating quarterly categories is identical, as is the fact that all other purchases receive an unlimited 1 percent cash back. Even if you plan on transferring a balance to this card, 14 months is a decent amount of time to pay down that debt or cut your interest payments completely. And if you plan on carrying a new balance, you can take satisfaction in knowing that you'll pay zero interest on these purchases for over a year.

Overall, this is Creditnet's number one 0 percent interest card for Quarter 2 of 2013, and the cash back rewards program is as lucrative as any available today. That said, if you're more interested in paying down your debt via a balance transfer, it's worth considering the below offer from  Discover it...

Discover it™ - 18 Month Balance Transfer

Rivaling top balance transfer credit cards like the Citi Simplicity Card and the Citi Diamond Preferred Card for the longest 0% interest periods applied to balance transfers, this offer from Discover allows members to pay no interest on transferred debt for up to a year-and-a-half.

Balance transfer credit cards like this one are as useful a debt-reducing tool as any for consumers, and provide consumers with the opportunity to focus on paying down their balance interest-free. Anyone who's ever found themselves paying the minimum payment due on their credit card bill month-after-month without so much as a dent made in their balance knows the pitfalls of paying interest. The 18 months this Discover it Card offer gives consumers more than enough time to get their credit debt in order.

When it comes down to it, determining which Discover it Card offer is right for you really comes down to how long you determine you'll need to pay down your debt - 14 months or 18 months. The good news is that both offers are some of the very best available today, and you'll still earn bonus cash back on rotating categories no matter which offer you choose.

Click the "Apply" button to the left for complete details regarding the Discover it Card - 18 Month Balance Transfer offer.

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Jason Bushey's picture

Jason Bushey is the former Editor and Vice President of Creditnet. Jason is a Burlington, Vermont native who moved to sunny San Diego after earning a Bachelor's Degree in English and Political Science at the University of Vermont ('09). When he's not sharing his take on credit cards, administrating the Creditnet Forum or blogging about all things related to credit, you can probably find him cheering on the Green Bay Packers (He's an owner!) or running up and down the streets of SoCal.

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