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Discover it Business Card Review: A Comprehensive Guide for Business Owners
Running a business requires making smart financial decisions, and choosing the right credit card is crucial. In this detailed review, we'll examine the Discover it Business Card, exploring its features, benefits, and whether it's the right choice for your business needs.
What Is the Discover it Business Card?
The Discover it Business Card is a no-annual-fee business credit card that offers straightforward rewards and valuable perks for small business owners. Its standout feature is unlimited 1.5% cash back on all eligible purchases, complemented by Discover's signature Cashback Match program for new cardholders, which doubles all rewards earned in the first year.
Discover it Business Card Pros & Cons
Let's examine the key advantages and drawbacks of this business credit card:
Pros:
- No annual fee
- Cashback Match doubles your first-year rewards
- Free employee cards with customized spending limits
- Simplified flat-rate cash back structure
- Integration with QuickBooks, QuickBooks, and Excel for automated bookkeeping
- Free FICO credit score access
- No foreign transaction fees
- $0 fraud liability guarantee
Cons:
- Limited airport lounge access compared to premium cards
- No bonus categories for increased rewards
- Merchant acceptance may be lower than Visa or Mastercard
- No significant travel perks for work-related travel
- Higher credit profile requirements for approval
Who Is the Discover it Business Card For?
The Discover it Business Card is ideally suited for:
Small Business Owners: Perfect for those seeking a straightforward card option with reliable rewards and no annual fee.
Business Beginners: Excellent for entrepreneurs managing startup expenses and overhead costs who prefer simplified reward tracking.
Budget-Conscious Operators: Great for businesses focusing on major capital improvement or product line launch while minimizing card-related fees.
Comparing the Discover it Business Card with Other Credit Cards
When considering the Discover it Business Card, it's helpful to compare it with other popular options in the business credit card category:
Capital One Venture X Business (rates & fees):
- Annual fee: $395
- Sign-up bonus: Substantial miles bonus after meeting spending requirements
- Key rewards: 10X miles on hotels and rental cars, and 5X on flights and vacation rentals booked through Capital One Travel
- Standout feature: 10,000 bonus miles each account anniversary
Ink Business Preferred® Credit Card:
- Annual fee: $95
- Sign-up bonus: Large points bonus after meeting spending requirements
- Key rewards: 3X points on travel, shipping, internet, cable, phone services, and advertising purchases made with social media sites and search engines on the first $150,000 spent
- Standout feature: Cell phone protection when you pay your monthly cell phone bill with your card
The Business Platinum Card® from American Express (rates & fees):
- Annual fee: $695
- Welcome offer: Substantial points bonus after meeting spending requirements
- Key rewards: 5X points on flights and prepaid hotels booked through Amex Travel, 1.5X points on eligible purchases of $5,000 or more
- Standout feature: Access to over 1,400 airport lounges worldwide
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
Each card offers unique benefits tailored to different spending habits and preferences. Consider your personal financial goals when choosing the best card for you.
Key Takeaways:
- Discover it Business Card excels in offering straightforward rewards and valuable perks
- Capital One Venture X Business offers high travel rewards
- Ink Business Preferred® provides strong points on business-related categories
- The Business Platinum Card® from American Express features premium travel perks
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Consider Using Kudos
While the Discover it Business Card offers solid rewards, maximizing your returns across multiple cards can be challenging. That's where Kudos comes in – a free AI-powered browser extension that helps you optimize your credit card rewards when shopping online.
Kudos works with over 15,000 stores and automatically recommends the best card to use for each purchase, ensuring you maximize rewards across all your credit cards, including your Discover it Business Card. Plus, during exclusive "Flash Boost" events, you can multiply your rewards up to 5X.
Our Expert Takeaway
The Discover it Business Card stands out as an affordable card option for small business owners seeking straightforward rewards without annual fees. Its combination of reliable flat-rate cash back, first-year Cashback Match, and business-friendly features like free employee cards and automated bookkeeping integration makes it a compelling choice for many businesses.
According to J.D. Power's Credit Card Satisfaction Survey, Discover consistently ranks high in customer satisfaction, adding another layer of confidence for potential cardholders. While it may not offer the premium travel perks or bonus categories of some competitors, its transparent fee structure and solid rewards program make it an excellent choice for businesses prioritizing simplicity and value.
If you're looking to maximize your credit card rewards even further, consider downloading Kudos. They're currently offering $20 back after your first eligible purchase — just sign-up for free with code "GET20" and make a purchase at a Boost merchant.
Discover it Business Card FAQ
What credit score do I need for the Discover it Business Card?
A good to excellent credit score (670 or higher) is typically required for approval.
Does the Discover it Business Card report to business credit bureaus?
Yes, the card reports to major business credit bureaus, helping build your business credit profile.
Are there any over-limit fees or penalty APRs?
No, Discover doesn't charge over-limit fees or penalty APRs on this card.
What are the card rates and fees?
Key fees include:
- Annual fee: $0
- Balance transfer fee: 3%
- Cash advance fee: 5%
- Foreign transaction fee: None
- Late fee: Up to $40
Do cash back rewards expire?
No, your cash back rewards never expire while your account remains open and in good standing.
How does the dollar-for-dollar match work?
Discover automatically matches all cash back earned during your first year, with no limit on the match amount.
Supercharge Your Credit Cards
Experience smarter spending with Kudos and unlock more from your credit cards. Earn $20.00 when you sign up for Kudos with "GET20" and make an eligible Kudos Boost purchase.
Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
