Balance transfers allow you to consolidate the balances from two or more credit cards onto a single card. All Discover cards do indeed permit balance transfers and several cards offer introductory 0% APR promotional financing to new cardmembers, after which the promotional APR will revert to the standard purchase APR. However, the 0% APR promotion isn’t available on the Discover it Miles, Discover it Secured Credit Card, Discover it Student Cash Back, Discover it Student Chrome, or Discover it Business Credit Card. Some of these cards may offer a lower promotional APR for a minimum of six months. With a Discover card balance transfer, you instruct a Discover representative to transfer the balances from your other credit cards. Alternatively, you can submit a balance transfer application online. Either way, each transfer will usually take one to two weeks and will incur a one-time fee. You can transfer only up to your card’s credit limit minus any outstanding balance. The reasons to transfer credit card balances include: Save money: You save money on interest when you transfer balances to a credit card with a lower APR. The benefit is maximized when you transfer to a credit card with a 0% APR promotion on balance transfers. Faster debt payoff: You can speed up debt repayment by saving on a lower APR and by avoiding multiple minimum payments when you have balances on multiple cards. You can instead concentrate on paying off the one card holding the transferred balances. Easier scheduling: After you consolidate your credit card balances, you have only one card payment to make each month assuming you leave the other cards dormant. This makes it much easier to avoid missing a payment and triggering penalties.