Discover it Business Card Review: Simple 1.5% Cash Rewards with Few Added Benefits for Business Owners

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Discover it® Business Card Discover it® Business Card
Editor’s Score: (N/A)
Discover it® Business Card
Editor’s Score: (N/A)
  • Intro bonus:
    Cashback Match™
  • Annual fee:
    $0
  • Regular APR:
    12.99% to 20.99% Variable
  • Recommended credit score:
    670-850 (Good to Excellent)
Rewards rate:

Earn 1.5% cash back on every dollar spent on all purchases.

NextAdvisor’s Take

Pros
  • Earn rewards on all business purchases
  • Redeem rewards in any amount
  • Introductory 0% APR offer for purchases
  • Up to 50 free employee cards
Cons
  • No bonus categories
  • Few cardholder perks
  • High ongoing APR
The Bottom Line
The Discover it Business Card offers unlimited 1.5% cash back on all your business spending with no annual fee. A 0% APR offer for new purchases and first-year Cashback Match bonus offer also make this a solid option for business owners looking for simple cash rewards.

Additional Card Details

  • 0% APR on purchases for 12 months, followed by a variable APR of 12.99% to 20.99%
  • Up to 50 free employee cards
  • Download transactions into Quicken, Quickbooks and Excel
  • Access to free FICO score
  • Overnight card replacement
  • Free Social Security number alerts

Discover it Business Card Full Review

Card Type

The Discover it Business Card is a credit card for small business owners and entrepreneurs who want to earn cash back on all their purchases.

Annual Fee

There is no annual fee for the Discover it Business Card.

Welcome Offer

After your first year with the Discover it Business Card, Discover will double all the rewards you’ve earned up to that point through its Cashback Match offer. For example, if you earn $500 in cash back rewards during the first 12 months, those rewards will double to a total $1,000 cash back.

Introductory Offer

This card offers a 0% intro APR on purchases for 12 months, followed by a variable APR of 12.99% to 20.99%. Intro periods on new purchases can benefit business owners who need to invest in equipment, inventory, and more.

Rewards

You’ll earn a flat 1.5% back for each dollar you spend with this card. There are no limits to the rewards you can earn, you can redeem cash rewards for any amount at any time, and your cash back will never expire.

Fees

The Discover it Business Card doesn’t charge an annual fee or any foreign transaction fees. Fees that may apply include a 5% cash advance fee (minimum $10) and a 5% balance transfer fee. However, since this card’s intro APR offer doesn’t extend to balance transfers, it’s not a good choice for debt payoff. 

There’s no penalty APR, and no late payment fee the first time you make a late payment. Your second late payment and any returned payments may incur up to a $40 fee.

Other Benefits

This business credit card doesn’t offer many perks, especially compared to many other business card options. You will get up to 50 free employee cards; the ability to download transactions into Quicken, Quickbooks, and Excel for expense tracking; and access to the Discover mobile app. Plus, you can access your FICO credit score from TransUnion for free, and activate Social Security number tracking to ward off identity theft.

Pro Tip

Discover’s Social Security number alerts can help you avoid becoming a victim of identity theft. This free cardholder feature will notify you if your personal information is found on the web.

Benefits of Discover it Business Card

While Discover it Business is light on benefits, that is fairly standard among business credit cards that don’t charge an annual fee. With that in mind, this card’s greatest benefit is the simple cash back rewards you can earn on every purchase. Plus, doubling all the cash back you earn during the first year can mean a bonus worth hundreds in added cash rewards.

You’ll also get some flexibility in how you redeem your rewards. When you rack up cash back with this card, you can redeem it for statement credits in any amount or for purchases through Amazon.com.

Drawbacks of Discover it Business Card

While earning 1.5% cash back on every purchase with no annual fee is better than nothing, this card’s lack of perks and bonus categories might leave you wanting more.

Some comparable business card options offer a higher rewards rate or lucrative bonus categories for the same no annual fee and simple rewards structure. For example, the no annual fee Chase Ink Business Unlimited® Credit Card earns the same 1.5% cash back on everything and is currently offering $750 in bonus cash when you spend $7,500 on purchases within three months of account opening.

How to Use the Discover it Business Card

Since the Discover it Business Card offers a flat 1.5% in cash back on all business spending and bills, the best way to maximize rewards is by using it for every business expense you can. This is especially true during the first year, since Discover will double all the rewards you earn after the first 12 months through Cashback Match. However, like any card, make sure you can afford to pay off the business expenses you charge to your card, so you don’t take on added debt.

If you decide to take advantage of the introductory APR for purchases, also have a plan to pay down your balance before the 12-month intro period ends. Any balance you carry after that will be subject to this card’s regular variable APR of 12.99% to 20.99%.

Discover it Business Card Compared to Other Cards

Discover it® Business Card

Discover it® Business Card

Editor’s Score: (N/A)
  • Intro bonus:
    Cashback Match™
  • Annual fee:
    $0
  • Regular APR:
    12.99% to 20.99% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
Ink Business Unlimited® Credit Card

Ink Business Unlimited® Credit Card

Editor’s Score: (N/A)
  • Intro bonus:
    $750
  • Annual fee:
    $0
  • Regular APR:
    13.24% – 19.24% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Chase’s secure site
American Express Blue Business Cash™ Card

American Express Blue Business Cash™ Card

Editor’s Score: (N/A)

Is the Discover it Business Card Right for You?

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

If you want to earn simple rewards for your business with no annual fee, the Discover it Business Card may be a good option. If you have a large upcoming business expense, like new equipment or inventory, this card’s 12-month 0% intro APR on new purchases (12.99% – 20.99% variable APR thereafter) can help you pay down the cost over time. And since Discover matches all your first-year cash back, could also lead to increased cash rewards.

However, if you’re looking for added benefits for your business, like added purchase and travel protections or your business expenses are mainly focused in one category, like travel or technology, you may benefit more from a card with bonus rewards categories.

Before you apply, compare this card to other credit cards for business to find the best fit for you.

Frequently Asked Questions (FAQ)

Does the Discover it Business Card charge foreign transaction fees?

The Discover it Business Card does not charge any foreign transaction fees.

What do I need to apply for the Discover it Business Card?

According to Discover, the following information may be found on your business credit card application:

  • The legal name of your business
  • Your company structure
  • Your business’ industry
  • Your annual business revenue
  • Your personal total annual income

To be approved, you also need to own 100% of a business that is older than one year, and have a major role in managing it.

How can you redeem rewards with the Discover it Business Card?

You can redeem your Discover it Business rewards for cash back in any amount as well as purchases made through Amazon.com.