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Discover’s new business card pays 1.5 percent cash back on every purchase

Summary

The Discover it Business card is a great option for business owners who want a straightforward approach to earning rewards. In addition to offering 1.5 percent cash back on every purchase, the card matches all the cash back you earn in the first year.

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Discover has introduced a new, no-annual-fee credit card designed for business owners – the Discover it® Business Card. In addition to not charging an annual fee, the flat-rate card offers unlimited 1.5 percent cash back on everything you buy. Plus, Discover will automatically match all the cash back you earn at the end of the first year through Cashback Match.

Discover it Business card details

In addition to the Discover it Business card’s generous CashBack Match offer, cardholders can get a lot of ongoing value from the card, thanks to its 1.5 percent rewards rate and business-related perks, including free employee cards, social security alerts, fraud protection and tools to help you easily track business expenses.

Discover it® Business Card

Discover it Business card

Rewards rate
1.5 percent cash back on general purchases
Sign-up bonus
Matches cash back in the first year

Why use it?
If you are a business owner who wants a simplified approach to earning rewards, the Discover it Business card is ideal, thanks to its flat-rate rewards structure. Additionally, you will not incur an annual fee for using the card.
Estimated Yearly Rewards Value ($40,000 spend)
$960
Annual Fee
$0

We estimate that the average business owner who spends $4,000 each month on office supplies, company travel and other business expenses, can earn more than $700 in cash back from the Discover it Business card each year.

Since Discover matches the cash back earned at the end of the first year, that same person can get more than $1,400 in cash back for the first year of card membership. That’s a pretty good deal for a card that doesn’t charge an annual fee.

Is the Discover it Business card worth it?

Overall, the Discover it Business card is a great option for business owners who want a straightforward approach to earning rewards. Because cardholders earn unlimited 1.5 percent cash back on everything they buy, there’s no need to keep up with rotating bonus categories, spending caps or complicated rewards structures.

Still – if you want to get even more value from a flat-rate, business card, there are other options. For example, the Ink Business Unlimited Credit Card offers 1.5 percent cash back on every purchase, a $500 sign-up bonus (after spending $3,000 on purchases within the first 3 months of account opening) and does not charge an annual fee.

The advantage of the Ink Business Unlimited card is that you can transfer your earnings from the Unlimited card to certain premium Chase cards, such as the Ink Business Preferred Credit Card, and redeem them for airfare with a 25-percent redemption bonus, boosting the value of your rewards to 1.25 cents per point. So if you want to squeeze more rewards value out of every dollar that you spend, Chase business cards are a good alternative.

See related: Chase’s new Ink business card offers a $500 bonus and 1.5 percent back on every purchaseEarn up to 80,000 bonus points with Chase Ink Business cards

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Published: September 20, 2018

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Credit Card Rate Report Updated: August 14th, 2019
Business
15.55%
Airline
17.50%
Cash Back
17.63%
Reward
17.50%
Student
17.69%

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