1.5% Cash Back, No Annual Fee


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This web page contains details about the Discover it® Business Credit Card product, which is at present not obtainable on Insider and could also be outdated.

Regular APR

12.99% – 20.99% Variable

Credit Score

Good to Excellent

Featured Reward

get 1.5% money again on each enterprise buy and have all of it matched on the finish of your first yr

Intro APR

zero% intro APR for 12 months

Chevron icon It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

  • Pros & Cons
  • Details

  • Pros
    • Earns 1.5% money again on each buy with no bonus classes to maintain observe of
    • Discover matches your money again after your first account yr
    Cons
    • Other cash-back enterprise bank cards provide increased rewards in sure spending classes
    • The info associated to the Discover it® Business Card has been collected by Business Insider and has not been reviewed by the issuer.
    • Intro Offer: Get a vast dollar-for-dollar match of all of the money again you earn on the finish of your first yr, robotically. And no restrict to how a lot we’ll match. So you may flip $350 money again into $700 with Cashback Match™.
    • Earn 1.5% money again on each greenback spent on all purchases.
    • Redeem your money again for any quantity, any time. Your rewards by no means expire.
    • Track enterprise bills. Download transactions simply into Quicken, QuickBooks, and Excel.
    • Add as much as 50 free worker playing cards.
    • No annual price.
    • 100% U.S. based mostly customer support. Talk to an actual particular person at any time, day or night time.
    • Get your free Credit Scorecard along with your FICO® Credit Score, variety of latest inquiries and extra.

    The Discover it® Business Card
    is a great selection for small-business house owners who need to earn predictable rewards on each enterprise buy, and who worth this Discover card’s advantages and options. 

    Discover is understood for wonderful 100% US-based customer support, in addition to versatile perks like late cost safety and in a single day transport for substitute playing cards. Discover additionally leads the best way with a well-designed cellular app and easy-to-use web site. 

    With the Discover it® Business Card, you will earn a flat 1.5% money again on each buy, with no cap and no bonus classes to recollect. Plus, you will get a match of 100% of the money again you have earned on the finish of your first cardmember yr. For instance, for those who earn $300 in money again, you will get one other $300 added to your account after the twelfth billing cycle. And for those who earn $1,000 in rewards, you will get one other $1,000 — there isn’t any restrict to how a lot you’ll be able to earn. 

    That’s an enormous motivator to make use of your card for each enterprise buy, particularly the primary yr when it is successfully a three% cash-back card due to the bonus match.

    Read extra: The greatest small-business bank cards in 2021

    The rewards you earn by no means expire and the cardboard has no annual price, so there’s loads to love concerning the Discover it® Business Card — notably within the first yr. The ongoing advantages make it worthwhile to maintain the cardboard long-term, as is true with most of the greatest Discover bank cards.

    Who ought to contemplate the Discover It Business Credit Card? 

    The Discover it® Business Card is a strong selection for small-business house owners in search of a cash-back bank card.

    Many enterprise house owners need a bank card to make use of for purchases associated to their enterprise, and having a bank card is a straightforward approach to preserve enterprise purchases separate from private accounts. Business bank cards additionally present money movement help with a built-in grace interval every month. That’s useful if what you are promoting has recurring bills all through the month, or receives payouts on a set schedule. 

    Read extra: The 4 best business credit cards for earning cash back, no matter what you buy

    If you have employees, a business credit card provides a way for them to make business purchases, and the Discover it® Business Card allows you to add custom spending limits on up to 50 employee cards. 

    Alternatives to the Discover it Business Credit Card

    The card that’s closest to the Discover it® Business Card is the Ink Business Unlimited® Credit Card, which also earns a flat 1.5% cash back on every purchase. That card comes with a hefty welcome bonus of $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening and has a $0 annual fee. However, if you’ve opened five or more new credit cards in the previous 24 months, you may not be eligible to apply because of Chase’s 5/24 rule.  

    Read more: Any good business credit card will have these 5 benefits — from a high sign-up bonus to purchase protection

    Another Chase card to consider is the Ink Business Cash® Credit Card, which has strong 5x and 2x bonus categories including office supplies, internet, gas, and dining and offers a welcome bonus of $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening and a $0 annual fee. This card is also subject to the 5/24 rule. Here’s our comparison of the Chase Ink Business Unlimited and Chase Ink Business Cash card for more information.

    Finally, there’s American Express Blue Business Cash™ Card, which earns 2% cash back on the first $50,000 you spend each calendar year (then 1%) with no bonus categories to remember and no annual fee (See Rates). This card has access to valuable Amex Offers, but comes with foreign transaction fees for spending abroad (See Rates). This would be an excellent alternative to the Discover it® Business Card if you’re eligible to apply, but keep in mind there’s usually no welcome offer on this card. 

    How to apply for the Discover it Business Credit Card

    If you’re the 100% owner of a small business that’s been open for at least a year, you may be eligible to qualify for the Discover it® Business Card.

    To apply for the Discover it® Business Card, you’ll need a business that aims to make a profit. That can mean anything from a side hustle to gig work to freelance projects. You don’t need a special business registration number to apply. If you work for yourself, you can apply with your Social Security Number as a sole proprietor. 

    Read more: You don’t need a company with several employees to qualify for a business credit card — even side gigs like driving for Uber can count

    Be ready to provide your business name (or use your name if it’s a sole proprietorship), your company structure if you have one, the industry you operate in, your annual revenue, and your personal total annual income on your application. You’ll usually get a decision as soon as you apply. 

    Bottom line: If you’re a small-business owner looking for a no-fuss cash-back credit card, the Discover it® Business Card is worth a look. With 1.5% cash back on all purchases and a Cashback Match after your first year, it can be a very rewarding card for your business spending. 

    You can redeem your rewards at any time, in any amount — even 1 cent — toward an electronic cash deposit in your bank account, a statement credit, or eligible donations to select charities. You can also redeem your cash back for gift cards or eCertificates from Discover’s partners, starting at $20.

    Discover makes it quick and easy to redeem your rewards whenever you’re ready. Your rewards never expire, and if you close your account or don’t use your card for 18 months, Discover will automatically redeem your rewards as a statement credit for you.

    Discover it Business card benefits and features

    The Discover it® Business Card comes with the ability to download your transactions directly into business software like Excel, QuickBooks, or Quicken so you can file and categorize them later. You can also access your card and view transactions through Discover’s mobile app, which is thoughtfully designed and easy to use. 

    In addition, you can get up to 50 employee cards for free so others can make purchases for your business. You can add custom spending limits to each card, and every employee card is eligible to earn cash-back rewards.  Here’s what else you’ll get.

    Complimentary credit score and security monitoring

    Your card comes with access to your FICO credit score, which is based on data from TransUnion and only available for the primary cardholder. You can see up to a year of scores on your dashboard, which can help you track your score over time. 

    Read more: Someone charged hundreds of dollars to my wife’s credit card, but we weren’t on the hook because we didn’t pay with debit

    Additionally, primary cardholders can opt-in to Social Security Number alerts, which monitor your Experian credit report daily. If your information is found on the “Dark Web” as part of fraud or hacking, you’ll receive an alert. This tool protects you against identity theft. 

    Freeze your card instantly

    If you temporarily misplace your card, you can use the Freeze It feature to prevent new purchases, cash advances, and balance transfers on your account. That’s a helpful feature in case you accidentally lose track of your card. 

    Zero fraud liability

    If you find unauthorized purchases made to your card, you can rest assured knowing you won’t be responsible. Be sure to immediately contact Discover if your card is lost or stolen, or if your account is compromised or has been accessed without your permission. 

    No foreign transaction fees

    There are no extra fees when you make purchases with your card outside the US, so the Discover it® Business Card is a great one to take on international business trips. 

    Read more: The best credit cards with no foreign transaction fees

    Late payment protection

    There’s no late fee on your first late payment (after that, up to $40), and there won’t be an APR increase for paying late. There’s also no fee for going over your limit. This is a useful feature to have in case you get into a tight spot and need extra time making a payment.

    Complimentary overnight shipping for card replacements in the US

    If you ever need to replace your card, you’ll receive a replacement via overnight shipping for free. 

    Regular APR

    12.99% – 20.99% Variable

    Credit Score

    Good to Excellent

    Featured Reward

    get 1.5% cash back on every business purchase and have it all matched at the end of your first year

    Intro APR

    0% intro APR for 12 months

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details

  • Pros
    • Earns 1.5% cash back on every purchase with no bonus categories to keep track of
    • Discover matches your cash back after your first account year
    Cons
    • Other cash-back business credit cards offer higher rewards in certain spending categories
    • The information related to the Discover it® Business Card has been collected by Business Insider and has not been reviewed by the issuer.
    • Intro Offer: Get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically. And no limit to how much we’ll match. So you could turn $350 cash back into $700 with Cashback Match™.
    • Earn 1.5% cash back on every dollar spent on all purchases.
    • Redeem your cash back for any amount, any time. Your rewards never expire.
    • Track business expenses. Download transactions easily into Quicken, QuickBooks, and Excel.
    • Add up to 50 free employee cards.
    • No annual fee.
    • 100% U.S. based customer service. Talk to a real person at any time, day or night.
    • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.

    Discover it Business card fees and costs

    The Discover it® Business Card has no annual fee and no foreign transaction fees. There is no fee for your first late payment, but then is up to $40 per occurrence thereafter. 

    Like most other cards, there are also fees for returned payments, balance transfers (5% of the amount of each transfer), and cash advances.

    Harlan Vaughn is a freelance writer who has written about credit card rewards, personal finance, points and miles, and travel loyalty programs for nearly a decade.

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