Check Your Discover Card for 12 Month 0% APR Offer

Check Discover Card for 12 Month 0% APR Offer

Update (Apr 05, 2024) – This Discover 12 Month 0% APR offer is still available. These offers are even more valuable now that you can earn interest rates as high as 5% APY.

If you have a Discover card, it could be a good time to check for 0% APR offers. Discover is known for giving out these offers from time to time, and now it could be even more helpful then usual. Just chat with a representative and ask if you are eligible for any promotional APR offers. The most common offer is 0% APR for 12 months. If you are targeted for such an offer, you can just make minimum payments and carry a balance without being charged any interest for a year.

You can call in or go on their website to chat with a representative. I actually think this is easier in the app. Log in, click ‘More’ at the lower right corner, then ‘Contact Us’, and then ‘Messaging’. Here you can chat with a representative and ask for the promotional rate offer. I also prefer doing this in the app or online, so I have something in writing. Sometimes you will see these offers in your account, or receive them through email as well.

If you are not targeted for this offer, or don’t have a Discover card, then check out these credit cards that offer 0% intro APR for up to 21 months.

Things to Keep in Mind

You should be cautious with these offers. Yes there is no interest for 12 months, but you will pay interest for the whole period if you do not pay your balance in full after 12 months. So make sure you spend within your means and you have enough in your bank account to cover the total balance at the end of the promotional period. You could put money monthly into a savings account, so you earn some interest during that time, and also have the money set aside to pay your card when it’s due in full.

Another thing worth considering is your credit score. Don’t fall for the myth. Carrying a credit card balance does not help your credit score.

Having a high balance on a credit card will increase your credit utilization ratio, which is the percentage of your total credit that you’re currently using. This is an important factor in calculating your credit score. In general, lower utilization rates can improve your credit scores. The general rule of thumb is that you must keep your CUR under 30%, but ideally you want it under 10% for an excellent credit score