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Discover has released a business credit card – Discover it® Business Card. The new card has a host of features and benefits including unlimited 1.5% cash back, no annual fee, and offers the same earning structure as the Discover it® Miles Card.
- Unlimited 1.5% cashback on all spending
- Cashback match bonus for the first year (Effective 3% back for the first 12 months)
- 0% Intro APR for 12 months on purchases
- Then a variable rate of 15.24% to 23.24%
Discover, unlike most card issuers, does report business credit cards to your personal credit report. This is something you'll need to keep in mind when evaluating application rules for credit card issuers.
A no annual fee card that offers an effective 3% cash back for the first 12 months with no limit is huge. However, it all comes down to your goals and possibly evaluating where, as a business you actually make purchases. There are plenty of small business cards that don't charge an annual fee, and possibly other small business credit cards that may help you better achieve your goals, but 3% cash back is nothing to throw your nose up at — it doesn't get more straightforward than cash.
Source: Doctor of Credit
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