Discover’s new business card pays 1.5 percent cash back on every purchase
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Discover has introduced a new, no-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|
1.5 percent cash back on general purchases
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 ($15,900 spend)
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 UnlimitedSM Credit Card offers 1.5 percent cash back on every purchase, a $500 sign-up bonus 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.
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