The Discover® Business Card, issued by Discover, is designed for those with very good credit who are looking for a cash reward credit card.
Through the reward program, cardholders earn a full 5% on the first $2,000 in office supply purchases, a full 2% on the first $2,000 in gas purchases, up to 1% for other purchases, and .25% for purchases made at select warehouse clubs and discount stores.
Those who spend up to $5,000 on other purchases will receive a .25% rebate, and those who spend over $5,000 will receive a 1% rebate.* Office supply purchases in excess of $2,000 and gas purchases in excess of $2,000 earn the rebate at the same rate as other purchases.
As an added bonus, cardholders can earn up to a double Cashback Bonus® for redeeming their rebates for gift certificates from participating Discover Card Partners. There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account is active within a 36-month period.
The card has no annual fee and an attractive 0% introductory rate on purchases and balance transfers for twelve months. The APR for this card is reasonable for those who qualify.
Aside from the reward program, the card also provides several platinum benefits including various fraud and security protection services as well as access to PurchaseChecks. Cardholders will also receive discounts on products and services at participating merchants and retailers.
Therefore, those who plan to spend over $5,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn double cash rebates), and plan to pay in full each month after the introductory rate expires (to avoid costly finance charges) will benefit most from what the Discover® Business Card has to offer.
*It is important to note that like many cash reward cards, the highest rebate offered will not apply to all purchases made with the credit card. In this case, 1% will only be applied only to those purchases made after the cardholder spends over $5,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. For instance, if the cardholder were to spend $6,000, only $1,000 of this amount would be applied towards the 1% rebate. However, this does not take into account any promotional offers or the full 5% Cashback Bonus® award.
This review was updated 2008-05-08T00:00:00.0000000-07:00
| Type Of Rewards: |
Rebate |
| Reward Program Optional: |
No |
|
Optional programs may have a fee. See Terms and
Conditions for details. |
For Cards with Cash Back Incentives
| Lowest Possible Rebate: |
.25% |
| Highest Possible Rebate: |
5% |
| Additional Rebates: |
Earn a full 5% on the first $2,000 in office supply purchases and a full 2% on the first $2,000 in gas purchases (through the Cashback Bonus® reward program). Earn a 0.25% rebate at select warehouse clubs and discount stores. Earn up to double Cashback Bonus® at participating Discover Card Partners. |
| Rebate Details: |
Earn a 0.25% rebate for up to $5,000 in other purchases and 1% for over $5,000. Reward is redeemable in $20 increments only. Office supply purchases in excess of $2,000 and gas purchases in excess of $2,000 earn the Cashback Bonus® at the same rate as other purchases. |
For Cards with Point Incentives
| Points Per Dollar Spent: |
n/app |
| Additional Points: |
n/app |
| Point Details: |
n/app |
For Cards with Airline Incentives
| Miles Per Dollar Spent: |
n/app |
| Additional Miles: |
n/app |
| Program Details: |
n/app |
Rewards Expiration Period: None (Account inactivity for more than 36 months could result in the forfeiture of some or all of the Cashback Bonus.)
Annual Limit: None
Additional Credit Card Perks
Various Internet account related services.
Access to PurchaseChecks.
Fraud and security protection services.
Discounts on products and services at participating merchants and retailers.
See website for additional benefits.
Special Notations about the Discover® Business Card
See website for complete terms and conditions of card usage and application disclosure.
Always read the credit card's
Terms and
Conditions before applying!
