Discover it Business Card

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Discover it Business Card

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  • $0 annual fee
  • 50% fixed reward rate
  • Cashback match intro bonus at the end of the first year


  • Cash back match intro bonus at the end of the first year
  • No foreign transaction fee
  • 0% intro APR offer on purchases for the first year


Discover it Business Card Summary

The Discover It Business Card comes with several advantages that a small business owner will be able to take advantage of, including a generous introductory offer. The card comes with no annual fee, which is also attractive for business owners.

The card gives the small business owner an opportunity to enjoy a 0% APR on all purchases that are made for the first 12 months. Once the intro period expires, however, the regular APR can be quite high.

There are no foreign transaction fees if the card is used outside the United States. The card does, however, come with a balance transfer fee, which should be taken if you plan to transfer a balance.


PROS:
  • $0 annual fee
  • 50% fixed reward rate
  • Cash back match intro bonus at the end of the first year

CONS:
  • High regular APR after intro offer
  • No bonus categories in the reward system
  • High credit score requirement of 690+


Best Features

The $0 annual fee that comes with the Discover It Business Card is definitely one of the best perks that the product has to offer. Additionally, this card also gives the cardholder access to a reward system, where a fixed 1.5% is earned on all purchases.

An introductory offer provides a 12-month period during which a 0% APR applies. Discover also offers a Cash back Match offer – all cash back points earned during the first year following the issuance of the card will be doubled at the end of that year.

Business owners who would like to have additional employee cards will also enjoy the fact that they can order up to 50 cards for employees at no additional charges. All of these cards will be linked to the main account.

This card also has the benefit of no foreign transaction fees, making it ideal for companies who have employees that will travel to locations out of the United States with the card.


Drawbacks

The major drawback that comes with the Discover It Business Card is the high APR that is charged on transactions once the introductory period expires. At this time, the APR can go as high as 22.99%. The APR charged on Cash Advance transactions is 26.99%, which is also high for this type of card.


Overall Summary

Individuals who own a small company and need to expand might be interested in looking at the Discover It Business Card. The product is most ideal when the number of employees reaches a count of less than 50, as free cards can be offered to these individuals, which will be linked to the business owner’s main account. The card comes with generous introductory offers, including a 12-month 0% APR, as well as a Cashback Match offer that is provided after the first year of use.


Who this card is best for

The Discover It Business Card is perfect for professionals who own a small company and want a card that does not come with hefty annual fees. This is also a great product for small business owners who would like to enjoy a 0% introductory rate, as well as those looking for a business credit card that comes with a reward system.


 

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