Discover has launched a new card. This is a business card called the Discover it Business Card and it’s pretty similar to the Discover it Miles card.
Discover it Business Card
The card doesn’t have a signup bonus. Instead it has an increased earning rate for the first year.
- Earn 1.5% cash back on every dollar spent on all purchases. Your rewards never expire.
- We’ll automatically match ALL the cash back you’ve earned at the end of your first year.
So for the first year you will earn 3% cash back on all your purchases.
- No annual fee
- Free Employee Cards
- 0% Intro APR† for 12 months on purchases.
This is a decent product from Discover, but only for the first year where it earn 3% cash back. You will get a lump sum of all your matches cash back after one year.
There’s mot much else besides that. Yes, it has no annual fee, but there’s also no signup bonus. I doubt many people will use a hard pull without some money up front. And, to make matters worse, Discover business cards report to personal credit reports which is yet another negative for this credit card.