Simplify Rewards with the Discover it Business Card
If you’re a small business owner, you’re always looking for ways to spend less, and keep more of the money you earn. One of the best ways to do that is with the right business credit card.
Just last week, Discover announced the launch of their newest product, the Discover it Business credit card. It offers a number of great features and excellent rewards for new cardholders, but is it the right card for your company?
Let’s cut to the chase here and talk about the rewards. After all, those earnings are a big factor in whether you deem that card right for your business. The more you earn on the things you buy, the better.
Discover is known for rotating categories, which the company offers on its other “it” card products. With rotating categories, you earn a higher-than-average percentage back on your spending, but only in certain categories each quarter. And if you forget to sign up for that quarter’s categories? You’re out of luck altogether.
With the Discover it Business card, though, everything changes.
This new card product offers cardholders 1.5% cash back on every single dollar they spend, every single day. No categories or sign-ups to worry about, and no limits on the amount you can earn each year. This is comparable to many other business cards on the market. The best part, though, is that Discover offers the Cashback Match feature.
With Cashback Match, you will essentially receive double the earnings your first full year of card ownership. At the end your first year using the card, Discover will match the total cash back you earned and deposit the amount in your rewards account. You can then redeem this for statement credit or other rewards options.
So, you will actually get a total of 3% cash back on every single dollar your business spends in the first year with the Discover it Business card, with no limit to how much you can earn.
You know what they say: “the best things in life are free.” Discover must have heard that, because their new business card has no annual fee. They’re also offering 0% APR on purchases for the first 12 months of card ownership, and will even waive your first late fee.
In addition, you will get a free FICO credit score each month, enjoy free Social Security number alerts, and get free cards for your employees. If you use QuickBooks, Excel, or Quicken for your business? Your transactions will easily download right into your software for easy accounting.
A 1.5% cash back rewards rate and $0 annual fee are great, but they aren’t exactly glamorous. There are other business cards out there offering one (or both) of these, too. But depending on how you spend, and how much your business expenses are in a given year, this might be the card for you.
The Cashback Match feature of the Discover it Business card makes it a lucrative product for almost any business owner. After all, you’re essentially earning 3% back on every single dollar spent, without limit and without an annual fee. If your company has big expenses coming up soon, or if you often struggle to fit into the typical “business spending” categories, this card is even more enticing.
Whether you go on to use the Discover it card past the first year is up to you. Being able to earn a high percentage of cash back for the first 12 months of spending is golden. Doing so without paying a penny in annual fee and getting to enjoy 0% APR on purchases makes the new Discover it Business card worth a look to any business owner out there.