Discover it Business Card Review
The Discover it Business credit card offers cashback rewards for businesses. This review provides insights into the card's cashback structure, annual fees, and how it caters to the needs of business owners.
Here is a review of some key features and benefits of the Discover it Business credit card:
- Intro Offer - Get an unlimited 1.5% cash back on all purchases for the first 12 months. This makes it easy to earn a lot of cash back when starting out.
- Cash Back - Earn 1.5% cash back on all purchases after the first year. There are no bonus category caps to track.
- New Account Bonus - Get $100 statement credit after spending $1,000 in the first 3 months. Helps offset the initial expenses.
- 0% Intro APR - Enjoy 0% intro APR for 12 months on purchases and balance transfers. This can save a lot on interest.
- No Annual Fee - There is no annual fee for this card, which is rare for a business card earning unlimited cash back.
- Credit Required - This card requires good to excellent credit (680+ score) for approval. Businesses must have established credit.
- Security Features - It comes with security features like 0 liability fraud protection and free social security alerts. Provides peace of mind.
Overall, the Discover it Business card offers a strong cash back earning rate, valuable intro perks, and useful benefits for business owners looking for a simple, hassle-free business card. The intro 0% APR period is great for larger purchases.
A detailed examination of the Discover it Business credit card's offerings..
The Discover it Business credit card is a rewards card that offers a variety of benefits to businesses of all sizes. Here is a detailed examination of the card's offerings:
Rewards:
- 5% Cash Back on rotating quarterly categories: Each quarter, you can earn 5% Cash Back on up to $1,500 in purchases at select merchants in categories such as gas, groceries, restaurants, and more. After you max out your 5% Cash Back, you'll earn 1% Cash Back on all other purchases.
- Unlimited Cashback Match: At the end of your first year, Discover will match all the cash back you've earned, dollar for dollar. This means you can potentially earn double the cash back in your first year.
- Cash Back Match every year: After your first year, Discover will continue to match all the cash back you've earned up to $300 each year.
- No annual fee: The Discover it Business credit card has no annual fee, so you can keep all the cash back you earn.
Other benefits:
- 0% intro APR on purchases for 15 months: For new cardmembers, the Discover it Business credit card offers 0% intro APR on purchases for 15 months. After that, the standard variable purchase APR of 17.24% - 28.24% will apply.
- No foreign transaction fees: When you use the Discover it Business credit card abroad, there are no foreign transaction fees.
- Travel benefits: The Discover it Business credit card offers a variety of travel benefits, including travel accident insurance, lost luggage insurance, and purchase protection.
- Free credit score and report: As a Discover it Business cardmember, you can get a free credit score and report from Discover. This can help you track your credit progress and make informed financial decisions.
Who should get the Discover it Business credit card?
The Discover it Business credit card is a good option for businesses of all sizes that want to earn rewards on their spending. The card's rotating 5% Cash Back categories can help businesses save money on a variety of expenses, including gas, groceries, and restaurants. The card's intro APR offer can also be helpful for businesses that need to finance a large purchase.
However, it's important to note that the Discover it Business credit card does have a high standard variable purchase APR. If you're not able to pay your balance off in full each month, you may want to consider a different card with a lower APR.
Overall, the Discover it Business credit card is a good option for businesses that want to earn rewards on their spending and don't mind paying a higher APR.