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Discover Business Credit Card: A Smart Option for Your Business

Discover Business Credit Card

If you’re looking for a new credit card for your business, the Discover it Business Credit Card is an excellent option to consider. Discover offers competitive rewards, benefits, and features that can optimize your business spending. In this blog post, we’ll take an in-depth look at everything the Discover Business Credit Card has to offer.

An Overview of the Discover Business Credit Card

The Discover it Business Credit Card provides a straightforward cashback rewards program to help maximize your business expenditures. You’ll earn 1.5% cash back on all purchases with no annual fee. New card members can also take advantage of Discover’s Cashback Match program – Discover will match all the cash back rewards you’ve earned at the end of your first year automatically. So you could end up getting an effective 3% cash back on all your purchases in the first year. Additional benefits include 0% intro APR for 14 months on purchases and balance transfers, no late fee on your first late payment, and no penalty APR. You’ll also get free employee cards when you open an account. If you spend $3,000 in purchases on the card within the first 3 months, Discover will give you a $150 statement credit. Overall the Discover it Business Credit Card makes earning and maximizing rewards easy with no hoops to jump through.

Earning Cash Back Rewards

The Discover it Business Credit Card offers a straightforward 1.5% cash back on all purchases, with no limits on the amount of rewards you can earn. Cash-back rewards don’t expire and you can redeem them at any amount. Discover provides a couple of redemption options:

  • Direct deposit into a bank account: Redeem any amount of rewards as a direct deposit into your bank account.
  • Statement credits: Apply rewards as a credit on your card statement in any amount. 
  • Gift cards or donations: Redeem rewards for gift cards to popular retailers or donate to a charity of your choice.

The Cashback Match welcome bonus is unique to Discover. They will automatically match the cash-back rewards you’ve earned at the end of your first year with the card. So if you earn $300 in cashback rewards your first year, Discover will match that for another $300. This can add up to a significant amount of extra rewards.

Also Read: The Importance of Business Lines of Credit for Small Businesses

Smart Benefits for Business

The Discover it Business Credit Card comes with some useful benefits designed with businesses in mind:

  • 0% Intro APR on purchases and balance transfers:  You’ll get a 0% Intro APR for your first 14 months on purchases and qualifying balance transfers made in the first 3 months. This intro period can save you a lot of money on interest and is longer than many competing business cards.
  • No late fee on your first late payment: Everyone makes mistakes. Discover won’t charge you a late fee on your first missed payment. After that, the fee is up to $39. 
  • No penalty APR: Some other cards will punish you with a costly penalty APR if you make a late payment. Discover won’t raise your APR for paying late.
  • Employee cards at no extra cost: You can request employee cards for workers and manage those accounts from your primary card member account. It’s a free benefit that makes tracking expenses simpler.
Also Read: The Ultimate Guide to Secured Business Credit Cards

Optimizing Business Spending 

The Discover it Business Credit Card can be extremely useful for optimizing your spending across different business categories:

  • Purchases: With no limit on the number of cashback rewards you can earn, the straight 1.5% back on all purchases provides the most simplicity in earning as your business spends.
  • Office supplies and shipping expenses: Day-to-day expenses like shipping, mailing, printing, and office supply purchases quickly add up. The 1.5% cash back helps save on these routine costs.
  • Online advertising and social media marketing expenses: Digital ads and social media platforms like Facebook are key for small business marketing today. Earn cash back to help reinvest in your marketing campaigns.
  • Gas and transportation: Fuel and public transportation are common expenses for businesses with vehicles or employees commuting to an office. The 1.5% cash back can help lower these transportation costs.
  • Dining and travel: For businesses with employees on the road for work or winning and dining clients, the Discover card helps mitigate the costs of dining and travel.

No matter your business’s spending profile, the unlimited 1.5% cash back helps maximize your budget on your biggest expense categories.

Signup Bonus 

New Discover it Business Credit Card cardholders can earn a $150 statement credit after spending $3,000 on purchases within the first 3 months of account opening. Meeting this threshold spending requirement will earn you $150 quickly, allowing you to offset part of your business expenses. Between the signup bonus, Cashback Match, and unlimited 1.5% cash back – the Discover card makes it easy to maximize value. You can earn over $500 within your first year if you meet the bonus requirements.

Also Read: Benefits of a Navy Federal Credit Union Business Account

Is the Discover Business Credit Card Right for You?

The Discover it Business Credit Card deserves strong consideration if you’re looking for a new credit card for your business. It can be particularly useful for:

  • Businesses want simplicity without keeping track of bonus categories.
  • Companies with significant purchases, shipping, and commuting costs.
  • Businesses that can benefit from 0% intro APR on purchases and balance transfers.
  • Owners who want free employee card benefits

You’ll want to have at least good credit (680 FICO or higher) to qualify. But if approved, the Discover it Business Credit Card provides an outsized value relative to its no annual fee and straightforward rewards program. A little extra cash back makes a difference – and Discover’s unmatched Cashback Match means you’ll earn even more.

Alternatives to Consider

The Discover it Business Credit Card competes with other cash-back business cards like the Capital One Spark Cash cards. The Spark Cash cards offer a flat 2% back on all purchases but lack an initial signup bonus or Cashback Match equivalent. Chase also offers popular Visa and Mastercard business cards like the Ink Business cards. These charge annual fees but offer more bonus reward categories to maximize specific business spending. The Ink cards are a better fit if you want to earn more rewards on things like internet/cable, travel, gas, or advertising. But for flat-rate cash back without an annual fee, the Discover it Business Credit Card ranks as one of the top options for small businesses today. The combination of unlimited 1.5% cash back and the Cashback Match make Discover’s earnings potential extremely competitive. 

Also Read: Get More from Your Business with the Sam’s Club Business Credit Card

Get More from Your Business Credit Card

The Discover it Business Credit Card delivers value, convenience, and rewards to make the most out of your business credit card. With unlimited 1.5% cash back, cashback match, and great benefits, it’s easy to see why the Discover card is appealing to so many businesses. If you want to start optimizing your spending and earning more cashback, consider adding the Discover it Business Credit Card to your wallet.

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