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Up to 1.5%
Cash back
$0
Annual fee
0%
Intro purchase APR
for the first 12 months (then 13.74% to 21.74% variable)
670
Recommended credit score
Review by
Kliment Dukovski is a cryptocurrency and investments writer who has written over 700 articles to help readers find and compare the best financial options. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange and stock market trading.
If you’re looking for a simple business card, the Discover it® Business Credit Card might be a great fit. It offers unlimited 1.5% cash back on all purchases, a decent intro APR on purchases and a Cashback Match on the rewards you earn during your first card year. What’s more, it has a $0 annual fee.
There aren’t many bells and whistles, so look elsewhere if you want a card with powerful spending credits or travel perks. But the cashback rate is solid, especially since the card has no annual fee. Pick up the card if you want a straightforward product that won’t give you headaches from multiple reward categories, or if the budget’s tight and you don’t want to shell out for a high-powered business card.
You should get a decision emailed to you within minutes. If you don’t get a reply within 48 hours, call 1-888-347-2683.
Once approved, expect your card to arrive within seven to 10 business days.
Small businesses that want a simple cashback credit card could find this to be a useful addition to their wallets. Thanks to the intro APR on purchases, this is especially true if you’re just starting your business and are making large purchases early on or if you’re stocking up on inventory and have limited cash flow.
Cashback Match also helps you get more back. You’ll double your rewards for the first year, essentially earning 3% back on all purchases.
To apply for the card, your business must be established in the US. You’ll also have to provide information about your business, including:
Next, you’ll need to provide information about the company owner or representative, such as:
To have a better chance of approval, apply with a credit score of 670 or higher. Most business cards of this class require good to excellent credit and a history of steady revenue.
Discover has been accredited with the Better Business Bureau (BBB) since 1989 and earns an A+ rating as of September 2021. The company boasts a US-based customer service team that seems to be doing a fine job, as card users rarely have negative feedback about their experience.
Most complaints on the BBB website revolve around accounts being closed for no apparent reason, customers being reported as paying late while their balance was $0 and issues with refunds and disputes, among other things. It should be noted that these issues apply to the credit card issuer in general, and not specifically to the Discover it® Business Card.
The Discover it® Business Card could be valuable to any business that wants to earn cash back on its purchases. But to get the most of your card, you may want to use it to make large purchases during your first year and earn 3% back rather than the standard 1.5%. This is the highest cash back you can earn on all purchases with a no-annual-fee card.
If you’re not convinced this is the right card for you, consider other business credit cards to find the best one for your needs.
Images: Discover