Discover it® Business Card Review

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Our Detailed Review of This Card

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The Discover it® Business Card is one of our favorites because it’s a card that earns 1.5% cash back on every purchase. This means every regular and not-so-regular business purchase you make will earn cash back! On top of that, Discover will match all the cash back you earn in the first year as a cardholder. For example, if you earn $350 in your first year as a cardholder, you’ll get another $350 for a total of $700 back. Although that’s not a traditional bonus, it’s one worth considering, especially if you plan to put a lot of your business expenses on this card in the first year.

Another aspect of the Discover it® Business Card that new cardholders will appreciate is the 12-month 0% intro APR on purchases (after that, the rate is 14.49% to 22.49% Variable). This gives you the opportunity to purchase extra inventory, more supplies or anything else your business may need without paying interest for 1 year. There is no 0% intro APR on balance transfers, but we don’t think that’s a big deal since the intro purchase APR is likely more valuable to businesses. On top of that, this card has no annual fee, free employee cards and no foreign transaction fees.

As if all of that isn’t enough, the Discover it® Business Card has some added tools to help you stay on top of your business expenses. First, you’ll be able to download your transactions into Quicken, Quickbooks or Excel — something your accountant will appreciate. Next, this card has no late fee on your first payment and no penalty APRs, which is ideal for businesses since the cash flow might not be steady all the time. You’ll also be able to instantly freeze your card through the Discover mobile app and website if the card is ever lost or stolen — doing so will prevent new purchases. Additionally, you can opt to enroll into free identity theft protection alerts from Discover, which notifies you if your social security number appears on any of the thousands of dark websites Discover monitors. These identity theft protection alerts also notify you when any new credit card, mortgage, car loan or other account shows up on your credit report.

Overall, the Discover it® Business Card is one well-rounded business credit card. Its Cashback Match bonus gives cardholders the opportunity to make the most of their purchases throughout the first year, then the uncapped 1.5% cash back allows them to continue earning solid cash back rewards on all puchases. Throw in the 12-month 0% intro APR opportunity on new purchases, no annual fee, free employee cards and seemingly unlimited added perks, and you can’t go wrong with this card.

Rewards

  • Discover will automatically match all the cash back you’ve earned at the end of your first year. This offer is only for new card members.
  • Earn 1.5% cash back on every dollar spent on all purchases.

Redeem Rewards

  • Rewards are redeemable in any amount at any time.
  • Deposit into your bank account or credit your Discover card account.
  • Redeem for gift cards or eCertificates from over 100 brand-name partners — starting at $20.
  • Use your cash back rewards as a charitable donation to select charities.

Fees and APR

  • Annual Fee: $0
  • Foreign Transaction Fee: None
  • Purchase APR: 0% intro on purchases for 12 months, then 14.49% to 22.49% Variable, depending on creditworthiness.
  • Balance Transfer APR: 14.49% to 22.49% Variable, depending on creditworthiness.
  • Balance Transfer Fee: 5%.
  • Terms and Conditions
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Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.