Discover Launches New Business Rewards Credit Card
Today, Discover is launching a new business credit card with unlimited cash back.
The Discover it Business credit card features 1.5% cash back on all purchases and no annual fee for the first year. The card has an attractive introductory offer: 0% APR for 12 months on purchases and balance transfers. After this time period, the APR will be 14.74% to 22.74%, depending on the account holder’s credit worthiness.
The Discover it Business credit card comes with Cashback Match. At the end of the first year, Discover will match all of the cashback earned on the account. The rewards never expire, and can be redeemed as an account credit, a charitable donation, a gift card, or an electronic deposit to “any account you designate.”
The card offers standard services from Discover, such as free FICO credit score access, free Social Security Number alerts, no foreign transaction fees, no late fee on the first late payment, and 0% fraud liability. The card also comes with the Freeze it feature, where cardholders can freeze their accounts through the Discover app or website if the card is lost or stolen.
To help business owners, the Discover it Business credit card offers free employee credit cards, along with detailed transaction information for each employee accounts. Transactions can be easily downloaded into Excel, Quickbooks or Quicken for accounting purposes.