Discover Business Card
- Earn 5% Cashback Bonus on office supplies, 2% on gas, and up to 1% on all other card purchases
- Turn your Cashback Bonus into bigger rewards every time you redeem for gift cards or instant eCertificates from over 100 band-name Partners
- Fee-free PurchaseChecks to pay suppliers that don’t accept credit cards
The Discover Business Card will interest small business owners who want a cash back rewards business card. It is easy to earn and easy to redeem your cash back rewards and you earn them on every business purchase.
Introductory Rates and Offers
The standard card purchase APR may vary each month and is between 7.74% and 15.74% plus the Prime Rate. The rate you qualify for is based on your credit worthiness. Balance transfers may only be used to transfer commercial balances or pay business expenses, and may not be used to pay any Discover accounts. Once approved for an account, you will be able to make balance transfers until December 2009. If you request balance transfers after this date, Discover will not make the balance transfer. Balance transfers do not earn rewards and balance transfer requests will be processed from the lowest to the highest dollar amount.
If you fail to make a required payment when due or if you exceed your account credit limit twice, any introductory/special rates terminate. Your purchase APR and cash advance APR will also be increased to the Default Rate. If your cash advance APR exceeds the Default Rate, it will not be changed. See Cardmember Agreement for details.
Discover Business Card Rewards
The Discover Business card offers a 5% cashback bonus on your first $2000 in office supplies each year. For gasoline purchases the offer is 2% cashback bonus on your first $2000 each year. In addition, you can earn a full 1% unlimited cashback bonus on all other purchases after your total annual purchases exceed $5,000; other purchases that are part of your first $5,000 earn .25%. Office supply purchases in excess of $2,000 and gas purchases in excess of $2,000 earn cashback bonus at the same rate as other purchases. Gas and office supply purchases are those made at merchants that Discover classifies as gas stations and at office supply stores, respectively. Warehouse purchases (those made at select warehouse clubs, discount stores and their affiliates) and Qualified Merchant Purchases made using PurchaseChecks earn .25%.
Rewards have no expiration date; however, if your account is closed for any reason or inactive for 18 consecutive months or if you fail to make the minimum payment due by the payment due date for two consecutive billing periods, your Cashback Bonus will be forfeited. Full terms and conditions will be sent with your Card.
Other Card Benefits
As an option to its card holder, the card offers two insurance programs: Primary Rental Car Loss Damage Waiver Insurance and Common Carrier Travel Accident Insurance. Both are underwritten by Federal Insurance Company, a member insurer of the Chubb Group of Insurance Companies of Warren, NJ. Certain restrictions and limitations do apply and you should refer to the Description of Coverage for complete information. Some of the positive benefits of the card are as follows: No annual fee, 25 day grace period for purchases and unlimited rebates. One drawback for the card is the tiered rebate system allowing you to only earn 5% and 2% rebates on office supplies and gasoline purchases for spending on these items of up to $2,000. The cardmember agreement states the card can only be used for business purposes.